Continental Building Products, Inc. (NYSE:CBPX) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $25.25.

Several brokerages have recently weighed in on CBPX. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Monday. BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $28.00 price target on shares of Continental Building Products in a research note on Monday, June 19th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Robeco Institutional Asset Management B.V. boosted its position in Continental Building Products by 76.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 35,606 shares of the construction company’s stock worth $829,000 after buying an additional 15,468 shares during the period. Prudential Financial Inc. boosted its position in Continental Building Products by 27.1% in the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after buying an additional 273,192 shares during the period. Victory Capital Management Inc. boosted its position in Continental Building Products by 12.5% in the second quarter. Victory Capital Management Inc. now owns 10,110 shares of the construction company’s stock worth $236,000 after buying an additional 1,123 shares during the period. William Blair Investment Management LLC boosted its position in Continental Building Products by 32.0% in the second quarter. William Blair Investment Management LLC now owns 747,806 shares of the construction company’s stock worth $17,424,000 after buying an additional 181,448 shares during the period. Finally, Marshall Wace North America L.P. boosted its position in Continental Building Products by 142.9% in the second quarter. Marshall Wace North America L.P. now owns 55,339 shares of the construction company’s stock worth $1,273,000 after buying an additional 32,561 shares during the period. Institutional investors own 95.58% of the company’s stock.

Continental Building Products (NYSE CBPX) traded up 0.341% during midday trading on Tuesday, hitting $22.075. The company’s stock had a trading volume of 65,498 shares. The firm has a market cap of $865.78 million, a P/E ratio of 20.271 and a beta of 1.28. The company’s 50 day moving average price is $22.84 and its 200 day moving average price is $23.94. Continental Building Products has a 12 month low of $18.35 and a 12 month high of $26.53.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The business had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $127.60 million. Continental Building Products had a return on equity of 15.43% and a net margin of 9.16%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Analysts expect that Continental Building Products will post $1.31 EPS for the current year.

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Continental Building Products Company Profile

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.

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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