Piedmont Investment Advisors LLC increased its position in shares of Continental Building Products, Inc. (NYSE:CBPX) by 26,410.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,463 shares of the construction company’s stock after buying an additional 34,333 shares during the period. Piedmont Investment Advisors LLC owned about 0.09% of Continental Building Products worth $844,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CBPX. Dalton Greiner Hartman Maher & Co. increased its position in Continental Building Products by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 747,163 shares of the construction company’s stock worth $18,305,000 after buying an additional 16,955 shares in the last quarter. Skylands Capital LLC increased its position in Continental Building Products by 11.0% in the first quarter. Skylands Capital LLC now owns 332,450 shares of the construction company’s stock worth $8,145,000 after buying an additional 32,900 shares in the last quarter. Macquarie Group Ltd. increased its position in Continental Building Products by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,264,205 shares of the construction company’s stock worth $29,203,000 after buying an additional 88,828 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in Continental Building Products during the fourth quarter worth about $774,000. Finally, Teachers Advisors LLC increased its position in Continental Building Products by 46.7% in the fourth quarter. Teachers Advisors LLC now owns 104,650 shares of the construction company’s stock worth $2,417,000 after buying an additional 33,301 shares in the last quarter. 97.35% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Continental Building Products, Inc. (NYSE CBPX) traded down 0.21% during mid-day trading on Tuesday, reaching $23.65. 86,719 shares of the company traded hands. The company has a market capitalization of $927.55 million, a P/E ratio of 21.72 and a beta of 1.31. The stock’s 50-day moving average is $24.43 and its 200-day moving average is $24.06. Continental Building Products, Inc. has a 52 week low of $18.35 and a 52 week high of $26.52.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Continental Building Products had a net margin of 9.30% and a return on equity of 15.57%. The firm had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $109.81 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts predict that Continental Building Products, Inc. will post $1.36 EPS for the current fiscal year.

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CBPX has been the subject of a number of analyst reports. Royal Bank Of Canada reiterated a “buy” rating and issued a $28.00 price objective on shares of Continental Building Products in a research report on Monday, June 19th. Zacks Investment Research cut shares of Continental Building Products from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.00.

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.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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