Chicago Bridge & Iron Co. (NYSE:CBI) was downgraded by equities research analysts at Johnson Rice from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

A number of other brokerages also recently commented on CBI. Vetr downgraded shares of Chicago Bridge & Iron Co. from a “strong-buy” rating to a “hold” rating and set a $40.30 price objective for the company. in a research report on Wednesday, July 20th. Robert W. Baird cut shares of Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $45.00 to $40.00 in a report on Friday, July 22nd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Co. in a report on Saturday, June 4th. Bank of America Corp. reaffirmed a “sell” rating on shares of Chicago Bridge & Iron Co. in a report on Tuesday, May 24th. Finally, Citigroup Inc. cut shares of Chicago Bridge & Iron Co. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $48.00 to $38.00 in a report on Monday, July 25th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $43.52.

Chicago Bridge & Iron Co. (NYSE:CBI) traded down 1.19% on Wednesday, reaching $26.46. The company had a trading volume of 2,596,128 shares. The stock has a 50 day moving average price of $31.22 and a 200 day moving average price of $35.37. The stock’s market capitalization is $2.73 billion. Chicago Bridge & Iron Co. has a 52-week low of $26.12 and a 52-week high of $46.39.

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Chicago Bridge & Iron Co. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.04. The firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.82 billion. Chicago Bridge & Iron Co. had a negative net margin of 4.81% and a positive return on equity of 24.66%. Chicago Bridge & Iron Co.’s revenue for the quarter was down 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. Analysts expect that Chicago Bridge & Iron Co. will post $4.75 EPS for the current year.

The business also recently declared a dividend, which will be paid on Friday, September 30th. Shareholders of record on Monday, September 26th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. Chicago Bridge & Iron Co.’s dividend payout ratio (DPR) is presently -5.12%.

In other Chicago Bridge & Iron Co. news, insider Philip K. Asherman sold 248,500 shares of Chicago Bridge & Iron Co. stock in a transaction on Friday, August 19th. The shares were sold at an average price of $32.96, for a total value of $8,190,560.00. Following the transaction, the insider now owns 478,050 shares in the company, valued at approximately $15,756,528. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patrick K. Mullen sold 11,985 shares of Chicago Bridge & Iron Co. stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $36.65, for a total transaction of $439,250.25. Following the completion of the transaction, the executive vice president now owns 105,222 shares in the company, valued at approximately $3,856,386.30. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in the stock. Exane Derivatives raised its position in shares of Chicago Bridge & Iron Co. by 12.7% in the first quarter. Exane Derivatives now owns 11,189 shares of the company’s stock worth $409,000 after buying an additional 1,264 shares during the period. CIBC World Markets Inc. raised its position in Chicago Bridge & Iron Co. by 6.7% in the first quarter. CIBC World Markets Inc. now owns 71,699 shares of the company’s stock valued at $2,623,000 after buying an additional 4,524 shares during the last quarter. Torray LLC raised its position in Chicago Bridge & Iron Co. by 31.8% in the first quarter. Torray LLC now owns 239,050 shares of the company’s stock valued at $8,747,000 after buying an additional 57,720 shares during the last quarter. IFP Advisors Inc raised its position in Chicago Bridge & Iron Co. by 1.0% in the first quarter. IFP Advisors Inc now owns 9,991 shares of the company’s stock valued at $366,000 after buying an additional 98 shares during the last quarter. Finally, Compton Capital Management Inc. RI raised its position in Chicago Bridge & Iron Co. by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,085 shares of the company’s stock valued at $406,000 after buying an additional 100 shares during the last quarter. Institutional investors own 65.94% of the company’s stock.

About Chicago Bridge & Iron Co.

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

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