Continental Building Products, Inc. (CBPX) Given Average Rating of “Hold” by Brokerages
Shares of Continental Building Products, Inc. (NYSE:CBPX) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $25.00.
A number of equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 target price on shares of Continental Building Products in a research report on Monday. Zacks Investment Research raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd.
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Continental Building Products (CBPX) traded up 1.48% during trading on Monday, reaching $24.00. The company had a trading volume of 45,337 shares. The firm’s 50 day moving average price is $24.45 and its 200 day moving average price is $24.02. The firm has a market capitalization of $941.28 million, a PE ratio of 22.04 and a beta of 1.31. Continental Building Products has a 12-month low of $18.35 and a 12-month high of $26.52.
Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, May 4th. The construction company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Continental Building Products had a net margin of 9.30% and a return on equity of 15.57%. The business had revenue of $120.60 million during the quarter, compared to the consensus estimate of $109.81 million. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that Continental Building Products will post $1.36 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of Continental Building Products by 26.7% in the first quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Continental Building Products by 30.1% in the first quarter. Victory Capital Management Inc. now owns 8,987 shares of the construction company’s stock valued at $220,000 after buying an additional 2,079 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Continental Building Products during the first quarter valued at $221,000. KCG Holdings Inc. acquired a new position in shares of Continental Building Products during the first quarter valued at $223,000. Finally, Worth Venture Partners LLC acquired a new position in shares of Continental Building Products during the fourth quarter valued at $253,000. Institutional investors and hedge funds own 97.35% of the company’s stock.
About Continental Building Products
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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