CRH plc (NYSE:CRH) Short Interest Down 8.8% in November

CRH plc (NYSE:CRH) was the target of a large decline in short interest in the month of November. As of November 15th, there was short interest totalling 10,420,000 shares, a decline of 8.8% from the October 31st total of 11,420,000 shares. Based on an average daily volume of 3,890,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CRH. Morgan Stanley upped their price target on shares of CRH from $95.00 to $104.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. StockNews.com raised CRH from a “hold” rating to a “buy” rating in a report on Monday, November 11th. DA Davidson raised their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays started coverage on CRH in a report on Tuesday, October 29th. They set an “overweight” rating and a $110.00 price target on the stock. Finally, Hsbc Global Res raised shares of CRH to a “strong-buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $106.42.

Hedge Funds Weigh In On CRH

Hedge funds have recently modified their holdings of the stock. Grove Bank & Trust boosted its stake in CRH by 9.5% in the 3rd quarter. Grove Bank & Trust now owns 1,419 shares of the construction company’s stock worth $132,000 after purchasing an additional 123 shares during the period. UMB Bank n.a. boosted its position in shares of CRH by 72.7% in the third quarter. UMB Bank n.a. now owns 297 shares of the construction company’s stock worth $28,000 after buying an additional 125 shares during the period. CVA Family Office LLC grew its holdings in shares of CRH by 2.1% during the third quarter. CVA Family Office LLC now owns 6,116 shares of the construction company’s stock valued at $567,000 after buying an additional 128 shares in the last quarter. Lindbrook Capital LLC raised its position in CRH by 2.9% during the third quarter. Lindbrook Capital LLC now owns 4,815 shares of the construction company’s stock valued at $447,000 after buying an additional 135 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in CRH by 70.7% in the 3rd quarter. Baillie Gifford & Co. now owns 391 shares of the construction company’s stock worth $36,000 after acquiring an additional 162 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors and hedge funds.

CRH Trading Up 0.0 %

Shares of NYSE CRH traded up $0.03 during midday trading on Tuesday, reaching $102.49. The company’s stock had a trading volume of 2,953,506 shares, compared to its average volume of 4,067,205. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.29. CRH has a one year low of $62.80 and a one year high of $104.19. The company has a 50 day moving average price of $95.37 and a 200 day moving average price of $86.35.

CRH Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.262 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a dividend yield of 1.4%. CRH’s dividend payout ratio (DPR) is presently 37.20%.

CRH Company Profile

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.