Insider Selling: Westley Stockton Sells 3,000 Shares of Chicago Bridge & Iron Company NV Stock (CBI)
Chicago Bridge & Iron Company NV (NYSE:CBI) CAO Westley Stockton sold 3,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.07, for a total value of $210,210.00. Following the sale, the chief accounting officer now directly owns 8,593 shares of the company’s stock, valued at approximately $602,112. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Chicago Bridge & Iron Company NV (NYSE:CBI) traded up 0.51% on Wednesday, hitting $68.36. 1,462,671 shares of the company’s stock traded hands. Chicago Bridge & Iron Company NV has a 1-year low of $36.60 and a 1-year high of $71.31. The stock has a 50-day moving average of $64.22 and a 200-day moving average of $60.31. The company has a market cap of $7.336 billion and a P/E ratio of 22.41.
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 previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. Analysts at Jefferies Group initiated coverage on shares of Chicago Bridge & Iron Company NV in a research note to investors on Wednesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $73.42.
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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