Citigroup Inc. Has $276,000 Stake in Continental Building Products, Inc. (NYSE:CBPX)

Citigroup Inc. decreased its position in Continental Building Products, Inc. (NYSE:CBPX) by 46.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,837 shares of the construction company’s stock after selling 10,087 shares during the quarter. Citigroup Inc.’s holdings in Continental Building Products were worth $276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CBPX. Lazard Asset Management LLC grew its position in shares of Continental Building Products by 5.3% during the second quarter. Lazard Asset Management LLC now owns 396,932 shares of the construction company’s stock worth $9,248,000 after purchasing an additional 20,090 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Continental Building Products by 324.6% during the second quarter. Thrivent Financial For Lutherans now owns 345,112 shares of the construction company’s stock worth $8,041,000 after purchasing an additional 263,842 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Continental Building Products by 6.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,800 shares of the construction company’s stock valued at $298,000 after buying an additional 800 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in Continental Building Products by 22.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 398,300 shares of the construction company’s stock valued at $9,280,000 after buying an additional 73,245 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Continental Building Products by 12.3% during the 2nd quarter. Teachers Advisors LLC now owns 117,491 shares of the construction company’s stock valued at $2,738,000 after buying an additional 12,884 shares in the last quarter. Institutional investors and hedge funds own 99.17% of the company’s stock.

A number of brokerages recently issued reports on CBPX. BidaskClub raised Continental Building Products from a “sell” rating to a “hold” rating in a research note on Saturday, September 2nd. Zacks Investment Research lowered Continental Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research note on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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Shares of Continental Building Products, Inc. (CBPX) opened at 26.35 on Friday. The stock has a market cap of $1.01 billion, a P/E ratio of 24.24 and a beta of 1.28. The firm’s 50-day moving average price is $25.76 and its 200 day moving average price is $24.00. Continental Building Products, Inc. has a 1-year low of $18.35 and a 1-year high of $27.10.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $127.60 million. During the same quarter last year, the business earned $0.31 earnings per share. The company’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts expect that Continental Building Products, Inc. will post $1.29 earnings per share for the current fiscal year.

Continental Building Products 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.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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