CRH (NYSE:CRH) Sees Strong Trading Volume

CRH plc (NYSE:CRH) shares saw an uptick in trading volume on Wednesday . 481,400 shares were traded during trading, a decline of 59% from the previous session’s volume of 1,169,229 shares.The stock last traded at $53.57 and had previously closed at $53.51.

Analyst Ratings Changes

A number of brokerages have recently commented on CRH. StockNews.com upgraded shares of CRH from a “buy” rating to a “strong-buy” rating in a report on Monday, August 28th. Redburn Partners began coverage on shares of CRH in a report on Thursday, June 15th. They set a “buy” rating and a $6.50 price target on the stock.

CRH Trading Up 3.2 %

The company has a quick ratio of 0.96, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $57.38 and its 200-day moving average is $52.60.

Hedge Funds Weigh In On CRH

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in CRH by 68.5% in the second quarter. Allworth Financial LP now owns 487 shares of the construction company’s stock valued at $27,000 after buying an additional 198 shares during the period. Huntington National Bank raised its holdings in shares of CRH by 17.5% during the second quarter. Huntington National Bank now owns 1,401 shares of the construction company’s stock valued at $78,000 after purchasing an additional 209 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of CRH by 25.1% during the second quarter. Farther Finance Advisors LLC now owns 1,056 shares of the construction company’s stock valued at $59,000 after purchasing an additional 212 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of CRH by 37.6% during the second quarter. Hexagon Capital Partners LLC now owns 809 shares of the construction company’s stock valued at $45,000 after purchasing an additional 221 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of CRH by 3.2% during the first quarter. Mercer Global Advisors Inc. ADV now owns 7,420 shares of the construction company’s stock valued at $377,000 after purchasing an additional 231 shares during the period. Institutional investors and hedge funds own 8.21% of the company’s stock.

CRH Company Profile

CRH plc, through its subsidiaries, manufactures and distributes building materials in Ireland and internationally. It operates through three segments: Americas Materials, Europe Materials, and Building Products. The company manufactures and supplies cement, lime, aggregates, precast, ready mixed concrete, and asphalt products; concrete masonry and hardscape products comprising pavers, kerbs, retaining walls, and related patio products; It also offers precast concrete and polymer-based products, such as underground vaults, drainage pipes and structures, utility enclosures, and modular precast structures to the water, energy, communication, transportation, and building structures markets; and construction accessories, such as engineered anchoring, fixing, and connection solutions, as well as lifting systems, formwork accessories, and other accessories used in construction applications.