Teachers Advisors LLC lifted its position in Continental Building Products, Inc. (NYSE:CBPX) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 117,491 shares of the construction company’s stock after purchasing an additional 12,884 shares during the quarter. Teachers Advisors LLC owned about 0.30% of Continental Building Products worth $2,738,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its position in Continental Building Products by 308.1% in the first quarter. Renaissance Technologies LLC now owns 496,700 shares of the construction company’s stock valued at $12,169,000 after buying an additional 375,000 shares during the last quarter. Prudential Financial Inc. raised its holdings in Continental Building Products by 27.1% in the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock valued at $29,860,000 after acquiring an additional 273,192 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Continental Building Products by 15.6% in the first quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company’s stock valued at $35,795,000 after acquiring an additional 196,797 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Continental Building Products by 32.0% in the second quarter. William Blair Investment Management LLC now owns 747,806 shares of the construction company’s stock valued at $17,424,000 after acquiring an additional 181,448 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Continental Building Products by 58.0% in the first quarter. JPMorgan Chase & Co. now owns 488,094 shares of the construction company’s stock valued at $11,958,000 after acquiring an additional 179,112 shares in the last quarter. 99.17% of the stock is owned by hedge funds and other institutional investors.
Continental Building Products, Inc. (NYSE:CBPX) opened at 26.35 on Friday. The stock’s 50 day moving average price is $25.76 and its 200 day moving average price is $24.00. The firm has a market cap of $1.01 billion, a P/E ratio of 24.24 and a beta of 1.28. 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 announced its earnings results on Thursday, August 3rd. The construction company reported $0.32 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 for the quarter, compared to analysts’ expectations of $127.60 million. During the same period in the prior year, the company earned $0.31 earnings per share. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. Equities research analysts predict that Continental Building Products, Inc. will post $1.29 EPS for the current year.
CBPX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday, July 3rd. BidaskClub raised Continental Building Products from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a report on Monday, October 2nd. Four research 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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About Continental Building Products
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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