Insider Selling: Chicago Bridge & Iron Company NV EVP Sells 7,142 Shares of Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) EVP Daniel Mccarthy sold 7,142 shares of Chicago Bridge & Iron Company NV stock on the open market in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.04, for a total transaction of $500,225.68. Following the transaction, the executive vice president now directly owns 59,510 shares of the company’s stock, valued at approximately $4,168,080. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
CBI has been the subject of a number of recent research reports. Analysts at Barclays Capital raised their price target on shares of Chicago Bridge & Iron Company NV from $71.00 to $77.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of Chicago Bridge & Iron Company NV from $70.00 to $80.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Chicago Bridge & Iron Company NV in a research note to investors on Friday. They now have a $69.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Chicago Bridge & Iron Company NV presently has an average rating of “Buy” and a consensus target price of $71.67.
Shares of Chicago Bridge & Iron Company NV (NYSE:CBI) traded down 0.14% during mid-day trading on Monday, hitting $70.37. The stock had a trading volume of 526,947 shares. Chicago Bridge & Iron Company NV has a 52 week low of $36.60 and a 52 week high of $71.31. The stock’s 50-day moving average is $63.75 and its 200-day moving average is $60.11. The company has a market cap of $7.552 billion and a price-to-earnings ratio of 23.22.
Chicago Bridge & Iron Company NV (NYSE:CBI) last announced its earnings results on Tuesday, July 30th. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.01. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 119.3% on a year-over-year basis. Analysts expect that Chicago Bridge & Iron Company NV will post $4.17 EPS for the current fiscal year.
Chicago Bridge & Iron Company N.V. (NYSE:CBI) is one of the integrated engineering, procurement and construction (EPC) services providers and process technology licensors, delivering solutions to customers primarily in the energy, petrochemical and natural resource industries.
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