Chicago Bridge & Iron Company (NYSE:CBI)‘s stock had its “buy” rating reaffirmed by analysts at MKM Partners in a research note issued to investors on Friday. They currently have a $34.00 price target on the construction company’s stock, down from their previous price target of $41.00. MKM Partners’ price objective would suggest a potential upside of 63.46% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. TheStreet cut shares of Chicago Bridge & Iron Company from a “c” rating to a “d+” rating in a research note on Friday, March 3rd. Zacks Investment Research cut shares of Chicago Bridge & Iron Company from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 15th. Citigroup Inc upped their price objective on shares of Chicago Bridge & Iron Company from $30.00 to $36.00 and gave the stock a “neutral” rating in a research report on Monday, January 23rd. Robert W. Baird restated a “neutral” rating and set a $23.00 price objective (down from $31.00) on shares of Chicago Bridge & Iron Company in a research report on Wednesday. Finally, Credit Suisse Group AG set a $34.00 price objective on shares of Chicago Bridge & Iron Company and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $33.16.

Analyst Recommendations for Chicago Bridge & Iron Company (NYSE:CBI)

Chicago Bridge & Iron Company (NYSE:CBI) opened at 20.80 on Friday. The company’s 50-day moving average is $28.18 and its 200 day moving average is $31.41. Chicago Bridge & Iron Company has a 1-year low of $18.18 and a 1-year high of $39.71. The stock’s market capitalization is $2.10 billion.

Chicago Bridge & Iron Company (NYSE:CBI) last posted its earnings results on Monday, May 8th. The construction company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by $0.71. Chicago Bridge & Iron Company had a net margin of 2.51% and a return on equity of 22.54%. The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities analysts predict that Chicago Bridge & Iron Company will post $3.58 earnings per share for the current year.

The firm also recently announced a special dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 23rd will be issued a dividend of $0.07 per share. The ex-dividend date is Wednesday, June 21st. Chicago Bridge & Iron Company’s payout ratio is 10.18%.

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In other news, insider Edgar C. Ray sold 48,700 shares of the company’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the completion of the sale, the insider now owns 60,496 shares of the company’s stock, valued at $1,877,190.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Westley S. Stockton sold 1,200 shares of the company’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $31.00, for a total transaction of $37,200.00. Following the sale, the vice president now directly owns 21,662 shares of the company’s stock, valued at approximately $671,522. The disclosure for this sale can be found here. Insiders have sold 70,219 shares of company stock valued at $2,147,628 in the last ninety days. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Chicago Bridge & Iron Company by 3.8% in the first quarter. Vanguard Group Inc. now owns 8,368,949 shares of the construction company’s stock worth $257,345,000 after buying an additional 308,397 shares during the last quarter. FMR LLC raised its stake in Chicago Bridge & Iron Company by 832.8% in the first quarter. FMR LLC now owns 5,253,638 shares of the construction company’s stock worth $161,550,000 after buying an additional 4,690,447 shares during the last quarter. BlackRock Inc. raised its stake in Chicago Bridge & Iron Company by 3,280.3% in the first quarter. BlackRock Inc. now owns 4,175,222 shares of the construction company’s stock worth $128,389,000 after buying an additional 4,051,706 shares during the last quarter. Fairpointe Capital LLC raised its stake in Chicago Bridge & Iron Company by 34.8% in the first quarter. Fairpointe Capital LLC now owns 2,852,261 shares of the construction company’s stock worth $87,707,000 after buying an additional 736,649 shares during the last quarter. Finally, LSV Asset Management raised its stake in Chicago Bridge & Iron Company by 13.9% in the first quarter. LSV Asset Management now owns 1,901,740 shares of the construction company’s stock worth $58,478,000 after buying an additional 232,638 shares during the last quarter. 67.93% of the stock is owned by institutional investors and hedge funds.

About Chicago Bridge & Iron Company

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

12 Month Chart for NYSE:CBI

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