Crh Plc (NYSE:CRH) Short Interest Update

by · The Cerbat Gem

Crh Plc (NYSE:CRHGet Free Report) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 13,251,626 shares, a drop of 19.2% from the January 29th total of 16,395,155 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 4,422,062 shares, the days-to-cover ratio is presently 3.0 days. Based on an average daily volume of 4,422,062 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CRH. NewEdge Advisors LLC lifted its stake in CRH by 158.5% during the 1st quarter. NewEdge Advisors LLC now owns 8,670 shares of the construction company’s stock valued at $763,000 after acquiring an additional 5,316 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of CRH by 5.3% during the 1st quarter. Empowered Funds LLC now owns 13,178 shares of the construction company’s stock valued at $1,159,000 after buying an additional 658 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of CRH by 58.5% in the second quarter. Sivia Capital Partners LLC now owns 4,279 shares of the construction company’s stock worth $393,000 after acquiring an additional 1,579 shares during the period. Assetmark Inc. grew its holdings in CRH by 67.6% during the 2nd quarter. Assetmark Inc. now owns 3,562 shares of the construction company’s stock valued at $327,000 after buying an additional 1,437 shares in the last quarter. Finally, Mission Wealth Management LP increased its holdings in CRH by 1.1% during the 2nd quarter. Mission Wealth Management LP now owns 9,548 shares of the construction company’s stock worth $877,000 after acquiring an additional 107 shares during the period. 62.50% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson set a $120.00 price target on shares of CRH in a report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CRH in a research note on Monday, December 22nd. UBS Group lifted their price target on CRH from $138.00 to $147.00 and gave the company a “buy” rating in a research note on Thursday, January 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of CRH in a research report on Monday, December 8th. Finally, Morgan Stanley lifted their target price on CRH from $140.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $137.86.

View Our Latest Research Report on CRH

CRH Stock Performance

Shares of NYSE CRH traded down $0.11 during midday trading on Wednesday, reaching $113.44. The company’s stock had a trading volume of 5,139,838 shares, compared to its average volume of 4,936,633. The company has a market cap of $75.80 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.98 and a beta of 1.33. The business’s 50 day moving average price is $124.28 and its two-hundred day moving average price is $119.27. CRH has a fifty-two week low of $76.75 and a fifty-two week high of $131.55.

CRH (NYSE:CRHGet Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The construction company reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.68). CRH had a return on equity of 15.98% and a net margin of 10.02%.The firm had revenue of $5.42 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the prior year, the business posted $1.02 EPS. The business’s revenue was up 6.2% on a year-over-year basis. CRH has set its FY 2026 guidance at 5.600-6.050 EPS. Sell-side analysts forecast that CRH will post 5.47 earnings per share for the current fiscal year.

CRH Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Friday, March 6th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, March 6th. This is a positive change from CRH’s previous quarterly dividend of $0.37. CRH’s payout ratio is presently 20.11%.

About CRH

(Get Free Report)

CRH plc, originally formed as Cement Roadstone Holdings in 1970 and headquartered in Dublin, Ireland, is a global building materials group. The company has grown from its Irish roots into one of the largest international suppliers of construction materials, expanding primarily through acquisitions and regional business development. CRH operates an integrated network of manufacturing and distribution businesses that serve both public and private construction markets.

CRH’s core activities include the production and distribution of aggregates, cement, asphalt, ready-mixed concrete and other bulk materials, together with a broad range of value-added building products such as precast concrete, masonry, bricks, roofing products, pipe and drainage systems, and construction accessories.

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