Quantamental Technologies LLC bought a new position in shares of Continental Building Products Inc (NYSE:CBPX) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 4,680 shares of the construction company’s stock, valued at approximately $119,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Continental Building Products by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after acquiring an additional 135,931 shares in the last quarter. Vanguard Group Inc lifted its stake in Continental Building Products by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after acquiring an additional 135,931 shares in the last quarter. BlackRock Inc. lifted its stake in Continental Building Products by 1.8% during the 3rd quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock worth $93,888,000 after acquiring an additional 44,222 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Continental Building Products by 74.5% during the 3rd quarter. Renaissance Technologies LLC now owns 845,072 shares of the construction company’s stock worth $31,732,000 after acquiring an additional 360,672 shares in the last quarter. Finally, Prudential Financial Inc. lifted its stake in Continental Building Products by 20.3% during the 3rd quarter. Prudential Financial Inc. now owns 843,755 shares of the construction company’s stock worth $31,683,000 after acquiring an additional 142,162 shares in the last quarter. 98.17% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Edward M. Bosowski purchased 1,500 shares of the business’s stock in a transaction on Friday, November 16th. The shares were bought at an average price of $29.28 per share, for a total transaction of $43,920.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on CBPX shares. Raymond James decreased their target price on Continental Building Products from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Stephens set a $31.00 target price on Continental Building Products and gave the stock a “hold” rating in a research note on Thursday, October 25th. Zacks Investment Research lowered Continental Building Products from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Citigroup cut their price target on Continental Building Products from $36.00 to $33.00 and set a “hold” rating on the stock in a report on Monday, November 12th. Finally, ValuEngine downgraded Continental Building Products from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $32.50.
Shares of NYSE CBPX opened at $27.27 on Wednesday. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75. Continental Building Products Inc has a 1-year low of $24.11 and a 1-year high of $39.60. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.36 and a beta of 1.35.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. The company had revenue of $131.20 million for the quarter, compared to the consensus estimate of $124.65 million. During the same quarter in the prior year, the business earned $0.29 EPS. Continental Building Products’s revenue was up 12.6% on a year-over-year basis. On average, research analysts expect that Continental Building Products Inc will post 2.04 earnings per share for the current fiscal year.
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Continental Building Products Profile
Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.
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