Trade Report: Today, Continental Building Products Inc. (CBPX) Research Coverage Started at Seaport Global Securities

Today, Continental Building Products Inc. (CBPX) Research Coverage Started at Seaport Global Securities

Seaport Global Securities began coverage on shares of Continental Building Products Inc. (NYSE:CBPX) in a report released on Tuesday morning. The brokerage issued a neutral rating on the stock.

A number of other research analysts have also issued reports on CBPX. Citigroup Inc. boosted their price objective on Continental Building Products from $23.00 to $25.00 and gave the company a neutral rating in a research report on Thursday, August 4th. Zacks Investment Research lowered Continental Building Products from a hold rating to a sell rating in a research report on Wednesday, November 9th. TheStreet lowered Continental Building Products from a buy rating to a hold rating in a research report on Monday, August 8th. Credit Suisse Group AG restated a buy rating on shares of Continental Building Products in a research report on Monday, August 8th. Finally, Deutsche Bank AG boosted their price objective on Continental Building Products from $21.00 to $22.00 and gave the company a hold rating in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Continental Building Products presently has an average rating of Hold and a consensus target price of $23.14.

Shares of Continental Building Products (NYSE:CBPX) opened at 22.80 on Tuesday. The firm has a market cap of $911.82 million, a price-to-earnings ratio of 22.31 and a beta of 1.26. The company’s 50 day moving average price is $20.77 and its 200-day moving average price is $21.88. Continental Building Products has a 1-year low of $13.25 and a 1-year high of $24.78.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Monday, November 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. Continental Building Products had a net margin of 9.27% and a return on equity of 15.21%. The company had revenue of $114.56 million for the quarter, compared to analyst estimates of $114.44 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts expect that Continental Building Products will post $1.13 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CBPX. Capital World Investors raised its position in shares of Continental Building Products by 2.9% in the second quarter. Capital World Investors now owns 3,330,700 shares of the company’s stock worth $74,041,000 after buying an additional 95,000 shares during the period. Vanguard Group Inc. increased its stake in Continental Building Products by 12.1% in the second quarter. Vanguard Group Inc. now owns 3,124,788 shares of the company’s stock worth $69,464,000 after buying an additional 338,058 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Continental Building Products by 35.0% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,254,325 shares of the company’s stock worth $26,328,000 after buying an additional 324,900 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Continental Building Products by 5.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,199,175 shares of the company’s stock worth $25,171,000 after buying an additional 60,741 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Continental Building Products by 14.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,174,833 shares of the company’s stock worth $26,116,000 after buying an additional 146,440 shares in the last quarter.

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