CRH PLC Shares Gap Up After Dividend Announcement (CRH)
CRH PLC (NYSE:CRH) gapped up before the market opened on Thursday following a dividend announcement from the company, StockRatingsNetwork reports. The stock had previously closed at $22.98, but opened at $23.06. CRH PLC shares last traded at $23.46, with a volume of 713,268 shares traded.
The newly announced dividend is scheduled for Friday, October 31st. Investors of record on Friday, August 29th will be paid a dividend of $0.2464 per share. This represents a dividend yield of 2.14%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on CRH. Analysts at Sanford C. Bernstein upgraded shares of CRH PLC from an “underperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Numis Securities Ltd upgraded shares of CRH PLC to a “hold” rating in a research note on Wednesday. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of CRH PLC in a research note on Tuesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold”.
The stock’s 50-day moving average is $24.56 and its 200-day moving average is $27.19. The company’s market cap is $17.172 billion. CRH PLC also saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 337,360 shares, a decline of 67.7% from the July 15th total of 1,043,641 shares. Based on an average daily trading volume, of 393,643 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.0% of the shares of the company are short sold.
CRH plc is a diversified building materials company, which manufactures and distributes building material products 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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