Chicago Bridge & Iron Company (NYSE:CBI) saw unusually large options trading on Wednesday. Stock traders bought 40,127 put options on the stock. This represents an increase of approximately 363% compared to the average daily volume of 8,675 put options.

Several research analysts have issued reports on the company. DA Davidson restated a “buy” rating on shares of Chicago Bridge & Iron Company in a research report on Monday, February 27th. Credit Suisse Group AG restated a “buy” rating on shares of Chicago Bridge & Iron Company in a research report on Sunday, February 5th. Zacks Investment Research lowered Chicago Bridge & Iron Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 2nd. TheStreet lowered Chicago Bridge & Iron Company from a “c” rating to a “d+” rating in a research report on Friday, March 3rd. Finally, Argus lowered Chicago Bridge & Iron Company from a “buy” rating to a “hold” rating and set a $43.00 target price for the company. in a research report on Friday, March 17th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $33.57.

In other Chicago Bridge & Iron Company news, insider James W. Sabin sold 14,762 shares of the business’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $29.06, for a total transaction of $428,983.72. Following the completion of the transaction, the insider now owns 41,894 shares in the company, valued at $1,217,439.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Westley S. Stockton sold 2,657 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $31.00, for a total value of $82,367.00. Following the transaction, the vice president now owns 19,005 shares of the company’s stock, valued at approximately $589,155. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,219 shares of company stock valued at $2,147,628. 1.40% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CBI. Achmea Investment Management B.V. purchased a new stake in shares of Chicago Bridge & Iron Company during the first quarter worth $3,309,000. HighTower Advisors LLC raised its stake in shares of Chicago Bridge & Iron Company by 26.1% in the first quarter. HighTower Advisors LLC now owns 279,015 shares of the construction company’s stock worth $8,580,000 after buying an additional 57,828 shares during the last quarter. Sii Investments Inc. WI purchased a new stake in shares of Chicago Bridge & Iron Company during the first quarter worth $556,000. State Street Corp raised its stake in shares of Chicago Bridge & Iron Company by 3.0% in the first quarter. State Street Corp now owns 1,442,415 shares of the construction company’s stock worth $44,357,000 after buying an additional 42,486 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of Chicago Bridge & Iron Company during the first quarter worth $3,857,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Shares of Chicago Bridge & Iron Company (CBI) opened at 19.20 on Friday. Chicago Bridge & Iron Company has a 1-year low of $18.18 and a 1-year high of $39.71. The company’s market cap is $1.94 billion. The stock’s 50 day moving average is $25.31 and its 200 day moving average is $30.74.

Chicago Bridge & Iron Company (NYSE:CBI) last issued its quarterly earnings results on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.42 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. On average, analysts predict that Chicago Bridge & Iron Company will post $3.55 earnings per share for the current year.

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

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Chicago Bridge & Iron Company Company Profile

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.

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