Continental Building Products, Inc. (CBPX) Earns Buy Rating from SunTrust Banks, Inc.

SunTrust Banks, Inc. reiterated their buy rating on shares of Continental Building Products, Inc. (NYSE:CBPX) in a report published on Monday morning. They currently have a $30.00 target price on the construction company’s stock.

CBPX has been the subject of several other research reports. Zacks Investment Research upgraded shares of Continental Building Products from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Monday, August 7th. BidaskClub raised shares of Continental Building Products from a strong sell rating to a sell rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reaffirmed a buy rating and set a $28.00 price objective on shares of Continental Building Products in a research note on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $27.25.

Shares of Continental Building Products (NYSE CBPX) opened at 26.20 on Monday. Continental Building Products has a 52 week low of $18.35 and a 52 week high of $26.53. The firm has a 50-day moving average of $24.18 and a 200 day moving average of $23.81. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.10 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The firm had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that Continental Building Products will post $1.30 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC bought a new stake in Continental Building Products during the second quarter valued at approximately $712,000. Westwood Holdings Group Inc. lifted its position in Continental Building Products by 50.4% during the second quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock valued at $19,408,000 after purchasing an additional 279,193 shares during the last quarter. Rockshelter Capital Management LLC lifted its position in Continental Building Products by 0.4% during the second quarter. Rockshelter Capital Management LLC now owns 582,922 shares of the construction company’s stock valued at $13,582,000 after purchasing an additional 2,175 shares during the last quarter. Susquehanna International Group LLP lifted its position in Continental Building Products by 75.6% during the second quarter. Susquehanna International Group LLP now owns 76,079 shares of the construction company’s stock valued at $1,773,000 after purchasing an additional 32,744 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Continental Building Products by 0.9% during the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock valued at $1,632,000 after purchasing an additional 654 shares during the last quarter.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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