Shares of Chicago Bridge & Iron Co. (NYSE:CBI) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the stock. Three equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.40.

A number of brokerages recently weighed in on CBI. Vetr lowered shares of Chicago Bridge & Iron Co. from a “strong-buy” rating to a “hold” rating and set a $28.40 price objective for the company. in a report on Monday, October 3rd. MKM Partners reiterated a “buy” rating and set a $42.00 price objective on shares of Chicago Bridge & Iron Co. in a report on Wednesday, September 28th. Credit Suisse Group AG decreased their price objective on shares of Chicago Bridge & Iron Co. from $46.00 to $37.00 and set an “outperform” rating for the company in a report on Monday, September 26th. Johnson Rice lowered shares of Chicago Bridge & Iron Co. from a “buy” rating to a “hold” rating and decreased their price objective for the company from $57.00 to $32.00 in a report on Wednesday, September 21st. Finally, Macquarie decreased their price objective on shares of Chicago Bridge & Iron Co. from $25.00 to $20.00 and set an “underperform” rating for the company in a report on Thursday, September 15th.

Chicago Bridge & Iron Co. (NYSE:CBI) traded down 0.72% during midday trading on Friday, hitting $27.51. 566,149 shares of the stock were exchanged. The firm’s 50 day moving average price is $28.52 and its 200 day moving average price is $34.32. The company’s market cap is $2.84 billion. Chicago Bridge & Iron Co. has a 12 month low of $26.12 and a 12 month high of $46.39.

Chicago Bridge & Iron Co. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by $0.04. Chicago Bridge & Iron Co. had a negative net margin of 4.81% and a positive return on equity of 24.66%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the previous year, the business earned $1.55 EPS. The company’s quarterly revenue was down 15.9% compared to the same quarter last year. On average, equities research analysts forecast that Chicago Bridge & Iron Co. will post $4.75 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, September 30th. Investors of record on Monday, September 26th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, September 22nd. Chicago Bridge & Iron Co.’s dividend payout ratio (DPR) is presently -5.12%.

In related news, insider Philip K. Asherman sold 166,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $33.42, for a total transaction of $5,571,114.00. Following the completion of the transaction, the insider now owns 666,950 shares in the company, valued at approximately $22,289,469. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Philip K. Asherman sold 53,400 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $34.06, for a total transaction of $1,818,804.00. Following the transaction, the insider now owns 743,250 shares of the company’s stock, valued at approximately $25,315,095. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Chicago Bridge & Iron Co. by 24.0% in the first quarter. BlackRock Inc. now owns 120,853 shares of the company’s stock valued at $4,422,000 after buying an additional 23,376 shares during the period. BlackRock Group LTD increased its stake in Chicago Bridge & Iron Co. by 1.3% in the first quarter. BlackRock Group LTD now owns 626,134 shares of the company’s stock valued at $22,910,000 after buying an additional 7,939 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Chicago Bridge & Iron Co. by 1.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,486,704 shares of the company’s stock valued at $90,988,000 after buying an additional 39,395 shares in the last quarter. Columbia Partners L L C Investment Management increased its stake in Chicago Bridge & Iron Co. by 9.3% in the first quarter. Columbia Partners L L C Investment Management now owns 23,178 shares of the company’s stock valued at $848,000 after buying an additional 1,966 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Chicago Bridge & Iron Co. by 55.1% in the first quarter. JPMorgan Chase & Co. now owns 616,897 shares of the company’s stock valued at $22,572,000 after buying an additional 219,224 shares in the last quarter. Hedge funds and other institutional investors own 65.90% of the company’s stock.

About Chicago Bridge & Iron Co.

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

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