CRH plc (NYSE:CRH) Sees Large Increase in Short Interest

CRH plc (NYSE:CRH – Get Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 1,260,000 shares, an increase of 6.8% from the April 30th total of 1,180,000 shares. Based on an average trading volume of 694,300 shares, the short-interest ratio is presently 1.8 days.

CRH Stock Down 1.8 %

CRH opened at $47.52 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. CRH has a 52-week low of $31.22 and a 52-week high of $52.20. The company has a 50 day moving average of $49.04 and a two-hundred day moving average of $45.93.

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CRH Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, May 11th. Stockholders of record on Friday, March 17th were paid a $1.03 dividend. The ex-dividend date was Thursday, March 16th. This is an increase from CRH’s previous Semi-Annual dividend of $0.24. This represents a dividend yield of 2.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janiczek Wealth Management LLC raised its position in shares of CRH by 39.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 3,265 shares of the construction company’s stock valued at $146,000 after purchasing an additional 922 shares in the last quarter. Ballentine Partners LLC acquired a new position in shares of CRH in the 4th quarter valued at approximately $486,000. Mount Yale Investment Advisors LLC raised its position in shares of CRH by 17.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,673 shares of the construction company’s stock valued at $280,000 after purchasing an additional 1,283 shares in the last quarter. Creative Planning raised its position in shares of CRH by 51.6% in the 3rd quarter. Creative Planning now owns 10,105 shares of the construction company’s stock valued at $326,000 after purchasing an additional 3,441 shares in the last quarter. Finally, Aigen Investment Management LP raised its position in shares of CRH by 190.8% during the 3rd quarter. Aigen Investment Management LP now owns 21,474 shares of the construction company’s stock valued at $692,000 after acquiring an additional 14,089 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of CRH from a “strong-buy” rating to a “buy” rating in a report on Friday, May 26th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $47.33.

About CRH

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CRH Plc manufactures and distributes building materials and products for the construction industry. It operates business through the following segments: Americas Materials, Europe Materials, and Building Products. The Americas Materials segment provides asphalt paving services and produces materials such as cement, aggregates, ready mixed concrete, and asphalt.

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