Crh Plc (NYSE:CRH) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,875,256 shares, a growth of 97.9% from the September 15th total of 947,614 shares. Based on an average trading volume of 1,484,089 shares, the days-to-cover ratio is currently 1.3 days.
CRH has been the subject of several analyst reports. Zacks Investment Research upgraded Crh Plc from a “hold” rating to a “strong-buy” rating and set a $39.00 price target for the company in a report on Thursday, September 8th. Beaufort Securities restated a “hold” rating on shares of Crh Plc in a report on Friday, August 26th. Numis Securities Ltd downgraded Crh Plc from an “add” rating to a “hold” rating in a report on Friday, August 26th. BNP Paribas restated an “outperform” rating on shares of Crh Plc in a report on Tuesday, June 21st. Finally, Societe Generale downgraded Crh Plc from a “buy” rating to a “hold” rating in a report on Friday, August 26th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $32.00.
Several large investors have recently modified their holdings of CRH. Dimensional Fund Advisors LP boosted its stake in shares of Crh Plc by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,638,729 shares of the company’s stock valued at $48,474,000 after buying an additional 321,780 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Crh Plc by 38.9% in the second quarter. Bank of New York Mellon Corp now owns 455,213 shares of the company’s stock valued at $13,466,000 after buying an additional 127,513 shares in the last quarter. BB&T Securities LLC purchased a new stake in shares of Crh Plc during the second quarter valued at $635,000. Boston Partners purchased a new stake in shares of Crh Plc during the second quarter valued at $235,032,000. Finally, Checchi Capital Advisers LLC boosted its stake in shares of Crh Plc by 1.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,213 shares of the company’s stock valued at $125,000 after buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 7.37% of the company’s stock.
Crh Plc (NYSE:CRH) opened at 32.69 on Tuesday. The stock has a market capitalization of $26.97 billion, a PE ratio of 25.40 and a beta of 1.25. Crh Plc has a 12 month low of $23.33 and a 12 month high of $34.28. The firm has a 50-day moving average price of $33.20 and a 200 day moving average price of $30.66.
The company also recently announced a dividend, which will be paid on Monday, November 14th. Shareholders of record on Friday, September 9th will be issued a $0.204 dividend. The ex-dividend date is Wednesday, September 7th.
About Crh Plc
CRH plc manufactures and distributes a range of products servicing the construction needs, from the fundamentals of heavy materials and elements to construct the frame, through exterior products that complete the building envelope, to distribution channels, which service construction fit-out and renewal.
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