CRH plc (NYSE:CRH) Short Interest Down 7.3% in November

CRH plc (NYSE:CRH) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 9,660,000 shares, a decline of 7.3% from the November 15th total of 10,420,000 shares. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.4% of the company’s shares are sold short.

Hedge Funds Weigh In On CRH

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

Analyst Upgrades and Downgrades

CRH has been the topic of a number of research reports. Barclays started coverage on shares of CRH in a research note on Tuesday, October 29th. They issued an “overweight” rating and a $110.00 target price on the stock. Hsbc Global Res raised CRH to a “strong-buy” rating in a research report on Monday, November 11th. DA Davidson upped their target price on CRH from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Truist Financial increased their target price on CRH from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, StockNews.com raised CRH from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $106.42.

CRH Price Performance

CRH opened at $97.23 on Wednesday. CRH has a 12-month low of $65.74 and a 12-month high of $104.23. The stock has a market capitalization of $66.04 billion, a PE ratio of 19.45, a P/E/G ratio of 1.25 and a beta of 1.29. The firm’s fifty day moving average price is $97.65 and its 200 day moving average price is $87.99.

CRH Cuts Dividend

The business also recently announced a Variable dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Friday, November 22nd will be paid a $0.262 dividend. 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 21.00%.

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.