Continental Building Products (NYSE:CBPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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 research analysts have also recently commented on the stock. SunTrust Banks cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a report on Monday. Barclays raised Continental Building Products from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $33.00 in a research note on Friday. Jefferies Group began coverage on Continental Building Products in a research note on Tuesday, December 12th. They issued a “hold” rating and a $28.00 price objective for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday, November 15th. Finally, BidaskClub raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $29.40.

Continental Building Products (NYSE:CBPX) traded down $0.20 during mid-day trading on Tuesday, hitting $29.05. 148,657 shares of the stock were exchanged, compared to its average volume of 245,883. The company has a market capitalization of $1,100.00, a PE ratio of 23.62 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. Continental Building Products has a 52-week low of $21.00 and a 52-week high of $31.00.

Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The firm had revenue of $116.50 million during the quarter, compared to analysts’ expectations of $121.08 million. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share. sell-side analysts forecast that Continental Building Products will post 1.24 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CBPX. FMR LLC increased its position in Continental Building Products by 433.0% during the 2nd quarter. FMR LLC now owns 734,320 shares of the construction company’s stock valued at $17,110,000 after purchasing an additional 596,547 shares during the period. Macquarie Group Ltd. increased its position in Continental Building Products by 31.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,917,771 shares of the construction company’s stock valued at $44,684,000 after purchasing an additional 456,769 shares during the period. Westwood Holdings Group Inc. increased its position in Continental Building Products by 50.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock valued at $19,408,000 after purchasing an additional 279,193 shares during the period. Point72 Asset Management L.P. acquired a new stake in Continental Building Products during the 3rd quarter valued at approximately $7,223,000. Finally, Brown Advisory Inc. increased its position in Continental Building Products by 18.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock valued at $44,738,000 after purchasing an additional 265,383 shares during the period. 99.56% of the stock is owned by institutional investors.

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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.

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