Continental Building Products Inc (CBPX) Receives $31.57 Consensus PT from Analysts

Continental Building Products Inc (NYSE:CBPX) has been assigned an average rating of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $31.57.

CBPX has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, January 8th. ValuEngine raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Stephens reaffirmed a “hold” rating and set a $28.00 price target on shares of Continental Building Products in a research report on Sunday, January 27th. Raymond James cut shares of Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 23rd. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Continental Building Products in a research report on Monday, February 25th.

In other news, CFO Dennis Charles Schemm sold 1,387 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.14, for a total transaction of $36,256.18. Following the transaction, the chief financial officer now directly owns 57,726 shares of the company’s stock, valued at $1,508,957.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.78% of the company’s stock.

Several large investors have recently modified their holdings of CBPX. Clearbridge Investments LLC increased its stake in shares of Continental Building Products by 951,920.0% in the third quarter. Clearbridge Investments LLC now owns 476,010 shares of the construction company’s stock worth $17,874,000 after buying an additional 475,960 shares during the last quarter. Teachers Advisors LLC increased its stake 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 buying an additional 406,710 shares during the last quarter. Federated Investors Inc. PA increased its stake in Continental Building Products by 15,441.4% during the third quarter. Federated Investors Inc. PA now owns 333,519 shares of the construction company’s stock valued at $12,523,000 after purchasing an additional 331,373 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Continental Building Products by 70.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 774,162 shares of the construction company’s stock valued at $19,669,000 after purchasing an additional 319,051 shares during the last quarter. Finally, Millennium Management LLC bought a new stake in Continental Building Products during the fourth quarter valued at $7,945,000.

Shares of NYSE CBPX traded down $0.05 during midday trading on Thursday, reaching $25.50. 46,066 shares of the stock were exchanged, compared to its average volume of 325,710. The company has a market cap of $896.16 million, a PE ratio of 12.62, a price-to-earnings-growth ratio of 3.43 and a beta of 1.35. Continental Building Products has a 52-week low of $23.09 and a 52-week high of $39.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.09 and a quick ratio of 2.57.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, February 21st. The construction company reported $0.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. The business had revenue of $140.76 million for the quarter, compared to analysts’ expectations of $138.07 million. Continental Building Products had a net margin of 14.06% and a return on equity of 22.50%. On average, analysts anticipate that Continental Building Products will post 2.12 EPS for the current year.

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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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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