CRH (CRH) Shares Up 5.6%

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Crh Plc (NYSE:CRH) shares shot up 5.6% on Tuesday . The company traded as high as $29.30 and last traded at $29.24. 1,675,900 shares changed hands during mid-day trading, an increase of 139% from the average session volume of 700,864 shares. The stock had previously closed at $27.69.

A number of brokerages have recently weighed in on CRH. Bank of America restated a “buy” rating on shares of CRH in a research report on Friday, August 31st. ValuEngine cut CRH from a “hold” rating to a “sell” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $38.50.

The stock has a market capitalization of $23.37 billion, a P/E ratio of 11.70 and a beta of 0.87. The company has a quick ratio of 0.93, a current ratio of 1.35 and a debt-to-equity ratio of 0.54.

The business also recently disclosed a special dividend, which was paid on Wednesday, October 3rd. Investors of record on Friday, September 7th were given a dividend of $0.2283 per share. The ex-dividend date of this dividend was Thursday, September 6th. CRH’s dividend payout ratio is presently 14.80%.

Institutional investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC purchased a new stake in CRH during the 2nd quarter worth about $202,000. Atria Investments LLC purchased a new stake in CRH during the 2nd quarter worth about $220,000. Raymond James Trust N.A. increased its position in CRH by 23.6% during the 2nd quarter. Raymond James Trust N.A. now owns 8,494 shares of the construction company’s stock worth $300,000 after purchasing an additional 1,624 shares in the last quarter. First Hawaiian Bank purchased a new stake in CRH during the 3rd quarter worth about $311,000. Finally, SG Americas Securities LLC increased its position in CRH by 108.7% during the 2nd quarter. SG Americas Securities LLC now owns 9,526 shares of the construction company’s stock worth $337,000 after purchasing an additional 4,961 shares in the last quarter. Hedge funds and other institutional investors own 4.56% of the company’s stock.

CRH Company Profile (NYSE:CRH)

CRH plc, through its subsidiaries, manufactures and distributes building materials. It operates through six segments: Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, and Asia. The company manufactures and supplies cement, aggregates, asphalt, lime, and readymixed concrete and concrete products; and construction accessories, network access and perimeter protection products, shutters and awnings, and architectural products.

See Also: Return on Investment (ROI)

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