Short Interest in Continental Building Products Inc (NYSE:CBPX) Declines By 5.5%

Continental Building Products Inc (NYSE:CBPX) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 909,600 shares, a decrease of 5.5% from the September 30th total of 962,700 shares. Based on an average daily volume of 272,600 shares, the short-interest ratio is presently 3.3 days. Approximately 2.7% of the company’s shares are short sold.

Several brokerages recently commented on CBPX. ValuEngine raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. SunTrust Banks upped their price target on shares of Continental Building Products to $37.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Exane BNP Paribas began coverage on shares of Continental Building Products in a research report on Wednesday, October 9th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Friday. Finally, Barclays lowered shares of Continental Building Products to a “hold” rating and set a $37.00 price target for the company. in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.00.

Several institutional investors have recently added to or reduced their stakes in the company. First Mercantile Trust Co. increased its position in shares of Continental Building Products by 8.1% in the third quarter. First Mercantile Trust Co. now owns 4,583 shares of the construction company’s stock worth $125,000 after acquiring an additional 343 shares in the last quarter. Dupont Capital Management Corp increased its position in shares of Continental Building Products by 10.5% in the third quarter. Dupont Capital Management Corp now owns 14,797 shares of the construction company’s stock worth $404,000 after acquiring an additional 1,403 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Continental Building Products in the second quarter worth $49,000. AMI Investment Management Inc. increased its position in shares of Continental Building Products by 3.5% in the third quarter. AMI Investment Management Inc. now owns 54,809 shares of the construction company’s stock worth $1,496,000 after acquiring an additional 1,850 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Continental Building Products by 4.4% in the second quarter. AQR Capital Management LLC now owns 48,689 shares of the construction company’s stock worth $1,294,000 after acquiring an additional 2,061 shares in the last quarter.

Continental Building Products stock opened at $36.44 on Monday. Continental Building Products has a 52-week low of $21.35 and a 52-week high of $36.50. The firm has a fifty day moving average of $29.22 and a 200-day moving average of $26.06. The firm has a market capitalization of $1.26 billion, a P/E ratio of 18.04, a PEG ratio of 4.36 and a beta of 1.32. The company has a quick ratio of 3.65, a current ratio of 4.56 and a debt-to-equity ratio of 0.75.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Continental Building Products had a net margin of 12.12% and a return on equity of 18.84%. The company had revenue of $127.40 million during the quarter, compared to analyst estimates of $127.16 million. During the same quarter in the prior year, the business earned $0.51 earnings per share. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, research analysts expect that Continental Building Products will post 1.66 EPS for the current fiscal 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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