Continental Building Products, Inc. (CBPX)

Xavier Trudeau
Août 12, 2017

Zacks Investment Research lowered Continental Building Products from a "hold" rating to a "sell" rating in a research report on Wednesday, April 26th.

A number of other large investors also recently added to or reduced their stakes in CBPX. SG Americas Securities LLC increased its stake in shares of Continental Building Products by 26.7% in the first quarter. Macquarie Group Ltd. now owns 1,264,205 shares of the construction company's stock worth $29,203,000 after buying an additional 88,828 shares during the last quarter. First Quadrant L P CA increased its stake in Continental Building Products by 22.8% in the first quarter. Engineers Gate Manager LP now owns 36,969 shares of the construction company's stock valued at $906,000 after buying an additional 11,268 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Continental Building Products by 177.9% in the first quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company's stock worth $35,795,000 after buying an additional 196,797 shares during the period. Capital Invsts invested 0.02% of its portfolio in Continental Building Products Inc (NYSE:CBPX). Keating Investment Counselors Inc bought 12,555 shares as the company's stock declined 7.66% while stock markets rallied. Finally, BidaskClub raised shares of Continental Building Products from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. The Ruffer Llp holds 68,500 shares with $1.59 million value, down from 98,500 last quarter. Hedge funds and other institutional investors own 95.58% of the company's stock.

Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, August 3rd. (NYSE:CBPX) opened at 23.25 on Friday. The company has a market capitalization of $845.24 million, a price-to-earnings ratio of 20.24 and a beta of 1.28. The stock's 50 day moving average price is $22.43 and its 200-day moving average price is $23.88. In terms of a technical look around Continental Building Products, Inc. Finally, American Century Companies Inc. boosted its stake in Continental Building Products by 5.7% in the first quarter. Cove Street Limited Liability Corp reported 109,800 shares or 0.26% of all its holdings.

Continental Building Products beats Headwaters on 9 of the 11 factors compared between the two stocks. The company had revenue of $120.60 million during the quarter, compared to analyst estimates of $127.60 million. The firm's revenue for the quarter was up 3.0% compared to the same quarter previous year.

Spark Investment Management LLC continued to hold its stake in shares of Continental Building Products, Inc.

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In an overview of the current analyst recommendations, Buy count is 2 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The legal version of this piece of content can be accessed at https://transcriptdaily.com/2017/08/11/cigna-investments-inc-new-acquires-12850-shares-of-continental-building-products-inc-nysecbpx.html.

08/09/2016 - Continental Building Products Inc had its " rating reiterated by analysts at Deutsche Bank.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The stock of Continental Building Products Inc (NYSE:CBPX) earned "Equal Weight" rating by Barclays Capital on Friday, January 6.

03/03/2014 - SunTrust began new coverage on Continental Building Products Inc giving the company a " rating. The Firm operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in fix and remodel. The Company offers its customers a range of gypsum wallboard products, including LiftLite, its lightweight product created 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. It dropped, as 10 investors sold CBPX shares while 56 reduced holdings.

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