Chicago Bridge & Iron Co. (NYSE:CBI) declared a dividend on Thursday, September 15th. Shareholders of record on Monday, September 26th will be paid a dividend of 0.07 per share on Friday, September 30th. The ex-dividend date is Thursday, September 22nd.

Several research analysts have issued reports on CBI shares. Bank of America Corp. reissued a “sell” rating on shares of Chicago Bridge & Iron Co. in a research report on Tuesday, May 24th. Credit Suisse Group AG reissued a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Saturday, June 4th. MKM Partners reissued a “buy” rating and set a $45.00 price objective on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, June 29th. Vetr downgraded shares of Chicago Bridge & Iron Co. from a “strong-buy” rating to a “hold” rating and set a $40.30 price objective on the stock. in a research report on Wednesday, July 20th. Finally, Robert W. Baird downgraded shares of Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $45.00 to $40.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $43.52.

In other news, insider Philip K. Asherman sold 248,500 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $32.96, for a total transaction of $8,190,560.00. Following the completion of the transaction, the insider now owns 478,050 shares in the company, valued at $15,756,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick K. Mullen sold 11,985 shares of the company’s stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $36.65, for a total transaction of $439,250.25. Following the transaction, the executive vice president now owns 105,222 shares of the company’s stock, valued at approximately $3,856,386.30. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

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Several institutional investors have recently added to or reduced their stakes in CBI. Cedar Wealth Management LLC raised its position in Chicago Bridge & Iron Co. by 66.0% in the second quarter. Cedar Wealth Management LLC now owns 3,570 shares of the company’s stock valued at $124,000 after buying an additional 1,420 shares in the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in Chicago Bridge & Iron Co. during the second quarter valued at approximately $143,000. Stratos Wealth Partners LTD. purchased a new position in Chicago Bridge & Iron Co. during the second quarter valued at approximately $206,000. Laurion Capital Management LP purchased a new position in Chicago Bridge & Iron Co. during the second quarter valued at approximately $211,000. Finally, Franklin Resources Inc. purchased a new position in Chicago Bridge & Iron Co. during the second quarter valued at approximately $303,000. Institutional investors and hedge funds own 65.94% of the company’s stock.

Chicago Bridge & Iron Co. (NYSE:CBI) opened at 26.78 on Wednesday. The firm’s 50-day moving average is $31.22 and its 200-day moving average is $35.37. Chicago Bridge & Iron Co. has a 12 month low of $26.77 and a 12 month high of $46.39. The firm’s market cap is $2.76 billion.

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

Chicago Bridge & Iron Co. Company Profile

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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