JPMorgan Chase & Co. lowered its position in Continental Building Products Inc (NYSE:CBPX) by 12.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 484,850 shares of the construction company’s stock after selling 68,643 shares during the quarter. JPMorgan Chase & Co. owned 1.26% of Continental Building Products worth $12,485,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Continental Building Products by 2.0% in the second quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock valued at $98,427,000 after acquiring an additional 81,728 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Continental Building Products by 9.4% during the third quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock worth $54,548,000 after purchasing an additional 180,218 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Continental Building Products by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,445,842 shares of the construction company’s stock worth $33,688,000 after purchasing an additional 51,644 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Continental Building Products by 27.1% during the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after purchasing an additional 273,192 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in shares of Continental Building Products by 4.2% during the third quarter. Systematic Financial Management LP now owns 941,380 shares of the construction company’s stock worth $24,476,000 after purchasing an additional 38,259 shares in the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.
Continental Building Products Inc (NYSE:CBPX) traded down $0.53 during trading hours on Friday, hitting $29.05. The company had a trading volume of 137,803 shares, compared to its average volume of 220,665. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. Continental Building Products Inc has a fifty-two week low of $21.00 and a fifty-two week high of $31.00. The firm has a market capitalization of $1,100.00, a PE ratio of 23.62 and a beta of 1.28.
Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $121.08 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 1.7% compared to the same quarter last year. equities research analysts expect that Continental Building Products Inc will post 1.24 EPS for the current fiscal year.
A number of research analysts have commented on the company. Jefferies Group assumed coverage on Continental Building Products in a research note on Tuesday, December 12th. They set a “hold” rating and a $28.00 price objective on the stock. Zacks Investment Research upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research note on Tuesday. SunTrust Banks restated a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research note on Monday, October 2nd. Barclays boosted their price objective on Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Friday, November 10th. Finally, BidaskClub upgraded Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $29.40.
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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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