Chicago Bridge & Iron Company N.V. (NYSE:CBI) saw unusually large options trading on Friday. Stock investors purchased 13,136 put options on the company. This represents an increase of approximately 502% compared to the average volume of 2,181 put options.

Large investors have recently made changes to their positions in the company. Patten & Patten Inc. TN raised its stake in shares of Chicago Bridge & Iron Company N.V. by 2.1% in the first quarter. Patten & Patten Inc. TN now owns 9,885 shares of the construction company’s stock valued at $304,000 after buying an additional 200 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Chicago Bridge & Iron Company N.V. by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 23,291 shares of the construction company’s stock valued at $716,000 after buying an additional 277 shares during the period. Selway Asset Management raised its stake in shares of Chicago Bridge & Iron Company N.V. by 0.3% in the first quarter. Selway Asset Management now owns 88,550 shares of the construction company’s stock valued at $2,723,000 after buying an additional 300 shares during the period. Clearbridge Investments LLC raised its stake in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock valued at $117,000 after buying an additional 300 shares during the period. Finally, Birmingham Capital Management Co. Inc. AL raised its stake in shares of Chicago Bridge & Iron Company N.V. by 0.7% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 40,775 shares of the construction company’s stock valued at $804,000 after buying an additional 300 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

Shares of Chicago Bridge & Iron Company N.V. (NYSE CBI) opened at 16.97 on Monday. The company has a 50 day moving average price of $17.37 and a 200 day moving average price of $25.88. The firm’s market cap is $1.71 billion. Chicago Bridge & Iron Company N.V. has a 12-month low of $12.91 and a 12-month high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced 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. The firm had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.42 billion. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. Chicago Bridge & Iron Company N.V.’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the firm earned $1.01 EPS. On average, analysts forecast that Chicago Bridge & Iron Company N.V. will post $2.85 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on CBI shares. UBS AG reiterated a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Deutsche Bank AG increased their price target on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, May 22nd. MKM Partners reiterated a “buy” rating and set a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Credit Suisse Group set a $34.00 price target on Chicago Bridge & Iron Company N.V. and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $29.05.

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Chicago Bridge & Iron Company N.V. 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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