Continental Building Products Inc (NYSE:CBPX) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in Continental Building Products Inc (NYSE:CBPX) by 21.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 401,098 shares of the construction company’s stock after selling 109,842 shares during the period. JPMorgan Chase & Co. owned about 1.14% of Continental Building Products worth $9,943,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Continental Building Products by 8,501.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,306,806 shares of the construction company’s stock valued at $32,396,000 after buying an additional 1,291,613 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Continental Building Products by 70.1% during the 4th 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 period. Millennium Management LLC bought a new stake in Continental Building Products during the 4th quarter valued at approximately $7,945,000. BlackRock Inc. raised its stake in Continental Building Products by 7.4% during the 4th quarter. BlackRock Inc. now owns 2,684,833 shares of the construction company’s stock valued at $68,329,000 after purchasing an additional 184,492 shares during the period. Finally, APG Asset Management N.V. raised its stake in Continental Building Products by 547.9% during the 4th quarter. APG Asset Management N.V. now owns 196,300 shares of the construction company’s stock valued at $4,370,000 after purchasing an additional 166,000 shares during the period.

Shares of NYSE CBPX traded down $0.46 during trading hours on Monday, hitting $26.11. 396,200 shares of the company traded hands, compared to its average volume of 305,426. The company has a market capitalization of $922.53 million, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.45. The company has a quick ratio of 3.53, a current ratio of 4.40 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $24.57. Continental Building Products Inc has a 12 month low of $22.35 and a 12 month high of $39.60.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. Continental Building Products had a return on equity of 22.48% and a net margin of 14.35%. The firm had revenue of $122.03 million for the quarter, compared to the consensus estimate of $116.07 million. During the same quarter in the previous year, the company posted $0.36 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts forecast that Continental Building Products Inc will post 1.96 EPS for the current fiscal year.

Several analysts recently issued reports on the company. ValuEngine downgraded Continental Building Products from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Continental Building Products in a research note on Monday, May 6th. Royal Bank of Canada set a $27.00 price objective on Continental Building Products and gave the stock a “hold” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research downgraded Continental Building Products from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Continental Building Products has an average rating of “Hold” and a consensus target price of $31.75.

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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Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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