Continental Building Products Inc (NYSE:CBPX) Short Interest Update

Continental Building Products Inc (NYSE:CBPX) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 1,366,800 shares, a decline of 9.4% from the May 30th total of 1,509,300 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average trading volume of 249,300 shares, the short-interest ratio is currently 5.5 days.

A number of institutional investors and hedge funds have recently bought and sold shares of CBPX. Pearl River Capital LLC bought a new stake in Continental Building Products in the 1st quarter valued at about $60,000. NumerixS Investment Technologies Inc lifted its position in shares of Continental Building Products by 20.7% during the 4th quarter. NumerixS Investment Technologies Inc now owns 4,466 shares of the construction company’s stock valued at $113,000 after buying an additional 766 shares in the last quarter. Quantamental Technologies LLC lifted its position in shares of Continental Building Products by 25.4% during the 1st quarter. Quantamental Technologies LLC now owns 5,868 shares of the construction company’s stock valued at $145,000 after buying an additional 1,188 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Continental Building Products by 16.6% during the 4th quarter. Legal & General Group Plc now owns 6,703 shares of the construction company’s stock valued at $171,000 after buying an additional 953 shares in the last quarter. Finally, Cipher Capital LP bought a new stake in Continental Building Products during the 4th quarter valued at approximately $209,000.

A number of equities research analysts recently weighed in on CBPX shares. ValuEngine raised shares of XOMA from a “sell” rating to a “hold” rating in a research note on Friday, May 24th. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Building Products in a report on Monday, May 6th. Zacks Investment Research cut shares of German American Bancorp. from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Finally, Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the stock a “buy” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Continental Building Products currently has a consensus rating of “Hold” and an average price target of $31.75.

NYSE:CBPX traded up $0.17 during mid-day trading on Monday, hitting $25.29. 5,649 shares of the company’s stock were exchanged, compared to its average volume of 238,527. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.40 and a quick ratio of 3.53. Continental Building Products has a fifty-two week low of $22.35 and a fifty-two week high of $39.60. The stock’s 50 day moving average is $24.63. The company has a market cap of $872.18 million, a price-to-earnings ratio of 12.53, a P/E/G ratio of 2.56 and a beta of 1.45.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.08. The company had revenue of $122.03 million during the quarter, compared to analyst estimates of $116.07 million. Continental Building Products had a net margin of 14.35% and a return on equity of 22.48%. Continental Building Products’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.36 EPS. On average, analysts forecast that Continental Building Products will post 1.96 earnings per share for the current year.

About Continental Building Products

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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