Continental Building Products (CBPX) Upgraded to “Hold” at ValuEngine

Continental Building Products (NYSE:CBPX) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

CBPX has been the subject of a number of other research reports. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, January 8th. Barclays set a $35.00 price target on Continental Building Products and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Stephens set a $32.00 price target on Continental Building Products and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Citigroup decreased their price target on Continental Building Products from $36.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, November 12th. Finally, Raymond James cut Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research note on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.

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NYSE:CBPX traded up $0.94 during trading hours on Monday, reaching $27.42. 613,747 shares of the company traded hands, compared to its average volume of 355,701. The stock has a market capitalization of $975.57 million, a price-to-earnings ratio of 20.62, a PEG ratio of 1.31 and a beta of 1.35. Continental Building Products has a 1 year low of $24.11 and a 1 year high of $39.60. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, November 8th. The construction company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The business had revenue of $131.20 million during the quarter, compared to analysts’ expectations of $124.65 million. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.29 earnings per share. As a group, equities research analysts predict that Continental Building Products will post 2.04 EPS for the current year.

In other Continental Building Products news, Director Edward M. Bosowski purchased 1,500 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average price of $29.28 per share, for a total transaction of $43,920.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in shares of Continental Building Products by 74.5% in the third quarter. Renaissance Technologies LLC now owns 845,072 shares of the construction company’s stock worth $31,732,000 after acquiring an additional 360,672 shares during the period. Vanguard Group Inc. grew its holdings in shares of Continental Building Products by 2.9% in the third quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after acquiring an additional 135,931 shares during the period. Teachers Advisors LLC grew its holdings in shares of Continental Building Products by 552.9% in the third quarter. Teachers Advisors LLC now owns 480,271 shares of the construction company’s stock worth $18,034,000 after acquiring an additional 406,710 shares during the period. BlackRock Inc. grew its holdings in shares of Continental Building Products by 1.8% in the third quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock worth $93,888,000 after acquiring an additional 44,222 shares during the period. Finally, ClariVest Asset Management LLC grew its holdings in shares of Continental Building Products by 5.0% in the third quarter. ClariVest Asset Management LLC now owns 99,724 shares of the construction company’s stock worth $3,744,000 after acquiring an additional 4,774 shares during the period. 98.17% of the stock is owned by institutional investors.

Continental Building Products Company Profile

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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