Continental Building Products, Inc. (NYSE:CBPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

A number of other equities research analysts also recently issued reports on CBPX. Royal Bank Of Canada reaffirmed a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research note on Wednesday. Barclays PLC upped their price target on shares of Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a research note on Friday, November 10th. BidaskClub raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research note on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $28.25.

Shares of Continental Building Products (NYSE:CBPX) traded up $0.35 during trading hours on Thursday, hitting $26.90. 409,175 shares of the company were exchanged, compared to its average volume of 349,406. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88. Continental Building Products has a 12-month low of $21.00 and a 12-month high of $27.95. The company has a market capitalization of $1,012.65, a price-to-earnings ratio of 21.65 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The firm had revenue of $116.50 million during the quarter, compared to analyst estimates of $121.08 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Continental Building Products’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts anticipate that Continental Building Products will post 1.27 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Continental Building Products by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,142,646 shares of the construction company’s stock worth $101,495,000 after purchasing an additional 172,234 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Continental Building Products by 10.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 177,056 shares of the construction company’s stock worth $4,338,000 after buying an additional 16,382 shares during the last quarter. Prudential Financial Inc. raised its position in Continental Building Products by 27.1% during the 2nd 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 last quarter. First Quadrant L P CA raised its position in Continental Building Products by 101.5% during the 2nd quarter. First Quadrant L P CA now owns 101,092 shares of the construction company’s stock worth $2,355,000 after buying an additional 50,927 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Continental Building Products by 53.7% during the 2nd quarter. First Trust Advisors LP now owns 75,275 shares of the construction company’s stock worth $1,754,000 after buying an additional 26,303 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

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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