Shares of Continental Building Products, Inc. (NYSE:CBPX) have been given an average rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $26.50.

Several brokerages have weighed in on CBPX. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Continental Building Products in a report on Monday, June 19th. Zacks Investment Research cut Continental Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.

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Continental Building Products (CBPX) traded down 0.21% during trading on Friday, hitting $24.30. 515,822 shares of the stock traded hands. Continental Building Products has a 52 week low of $18.35 and a 52 week high of $26.52. The stock has a market cap of $933.61 million, a P/E ratio of 22.36 and a beta of 1.25. The firm’s 50-day moving average is $22.24 and its 200 day moving average is $23.78.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data 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 firm had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. Equities research analysts forecast that Continental Building Products will post $1.30 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC bought a new position in Continental Building Products during the second quarter valued at about $712,000. Westwood Holdings Group Inc. raised its position in Continental Building Products by 50.4% in the second quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock valued at $19,408,000 after buying an additional 279,193 shares during the last quarter. Rockshelter Capital Management LLC raised its position in Continental Building Products by 0.4% in the second quarter. Rockshelter Capital Management LLC now owns 582,922 shares of the construction company’s stock valued at $13,582,000 after buying an additional 2,175 shares during the last quarter. Susquehanna International Group LLP raised its position in Continental Building Products by 75.6% in the second quarter. Susquehanna International Group LLP now owns 76,079 shares of the construction company’s stock valued at $1,773,000 after buying an additional 32,744 shares during the last quarter. Finally, California State Teachers Retirement System raised its position in Continental Building Products by 0.9% in the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock valued at $1,632,000 after buying an additional 654 shares during the last quarter.

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.

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