CRH plc (NYSE:CRH) Sees Significant Growth in Short Interest

CRH plc (NYSE:CRHGet Rating) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 756,200 shares, a growth of 25.8% from the April 15th total of 601,100 shares. Based on an average trading volume of 795,900 shares, the short-interest ratio is presently 1.0 days.

CRH traded down $1.41 during trading on Wednesday, hitting $39.05. The company had a trading volume of 393,203 shares, compared to its average volume of 704,913. CRH has a one year low of $37.47 and a one year high of $54.54. The firm’s 50-day moving average price is $40.72 and its 200 day moving average price is $46.67. The company has a current ratio of 1.85, a quick ratio of 1.38 and a debt-to-equity ratio of 0.48.

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, May 12th. Investors of record on Thursday, March 17th were given a $0.2266 dividend. This is a boost from CRH’s previous semi-annual dividend of $0.22. This represents a yield of 3.1%. The ex-dividend date of this dividend was Wednesday, March 16th.

A number of research firms have commented on CRH. Redburn Partners lowered shares of CRH from a “buy” rating to a “neutral” rating in a report on Tuesday, March 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CRH from €56.00 ($58.33) to €50.00 ($52.08) and set a “buy” rating on the stock in a research report on Tuesday, April 19th. Zacks Investment Research raised shares of CRH from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of CRH from €58.00 ($60.42) to €59.00 ($61.46) and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Finally, StockNews.com cut shares of CRH from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $51.09.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC lifted its position in CRH by 2.0% in the 4th quarter. Icon Wealth Partners LLC now owns 10,025 shares of the construction company’s stock valued at $529,000 after acquiring an additional 193 shares in the last quarter. Glassman Wealth Services lifted its position in CRH by 65.2% during the 4th quarter. Glassman Wealth Services now owns 651 shares of the construction company’s stock worth $34,000 after buying an additional 257 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in CRH by 3.9% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 7,077 shares of the construction company’s stock worth $374,000 after buying an additional 263 shares in the last quarter. BTC Capital Management Inc. lifted its position in CRH by 1.3% during the 4th quarter. BTC Capital Management Inc. now owns 23,976 shares of the construction company’s stock worth $1,266,000 after buying an additional 308 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in CRH by 6.3% during the 4th quarter. Hancock Whitney Corp now owns 5,318 shares of the construction company’s stock worth $280,000 after buying an additional 316 shares in the last quarter. 12.67% of the stock is currently owned by institutional investors and hedge funds.

About CRH (Get Rating)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates in three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, blocks and kerbs, retaining walls, and related patio products; and glass and glazing products, including architectural glass, custom-engineered curtain and window walls, architectural windows, storefront systems, doors, skylights, and architectural hardware.

See Also

Receive News & Ratings for CRH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH and related companies with MarketBeat.com's FREE daily email newsletter.