Short Interest in Crh Plc (CRH) Rises By 47.7%
Crh Plc (NYSE:CRH) was the recipient of a large increase in short interest in September. As of September 29th, there was short interest totalling 818,368 shares, an increase of 47.7% from the September 15th total of 554,096 shares. Based on an average daily volume of 552,138 shares, the days-to-cover ratio is currently 1.5 days.
Several equities analysts have recently weighed in on the stock. BidaskClub lowered shares of Crh Plc from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Jefferies Group LLC assumed coverage on shares of Crh Plc in a report on Wednesday, September 27th. They set a “buy” rating for the company. Finally, Morgan Stanley raised shares of Crh Plc from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $30.50 to $32.50 in a report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.50.
Institutional investors have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. increased its position in shares of Crh Plc by 22.0% in the third quarter. Eqis Capital Management Inc. now owns 10,630 shares of the construction company’s stock valued at $402,000 after buying an additional 1,919 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Crh Plc in the second quarter valued at $420,000. Tower Research Capital LLC TRC increased its position in shares of Crh Plc by 781.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,791 shares of the construction company’s stock valued at $134,000 after buying an additional 3,361 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Crh Plc by 148.7% in the second quarter. Cubist Systematic Strategies LLC now owns 43,101 shares of the construction company’s stock valued at $1,529,000 after buying an additional 25,772 shares in the last quarter. Finally, Shelton Capital Management increased its position in shares of Crh Plc by 3.5% in the second quarter. Shelton Capital Management now owns 43,005 shares of the construction company’s stock valued at $1,525,000 after buying an additional 1,474 shares in the last quarter. 4.05% of the stock is owned by institutional investors.
Shares of Crh Plc (NYSE:CRH) opened at 36.24 on Tuesday. The stock has a market cap of $30.31 billion, a price-to-earnings ratio of 19.04 and a beta of 0.97. The company has a 50-day moving average of $35.92 and a 200 day moving average of $35.72. Crh Plc has a one year low of $31.55 and a one year high of $38.06.
The firm also recently announced a None dividend, which will be paid on Monday, November 13th. Shareholders of record on Friday, September 8th will be issued a $0.226 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a yield of 1.33%. This is an increase from Crh Plc’s previous None dividend of $0.20.
About Crh Plc
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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