Chicago Bridge & Iron Company N.V. (NYSE:CBI) issued its quarterly earnings results on Wednesday. The construction company reported ($2.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81, Morningstar.com reports. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Chicago Bridge & Iron Company N.V. had a positive return on equity of 17.98% and a negative net margin of 3.81%. The company’s revenue for the quarter was down 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.17 EPS.

Shares of Chicago Bridge & Iron Company N.V. (CBI) traded down 25.05% during trading on Thursday, reaching $12.24. 6,701,142 shares of the company were exchanged. Chicago Bridge & Iron Company N.V. has a 1-year low of $11.96 and a 1-year high of $36.56. The company’s market capitalization is $1.23 billion. The stock’s 50 day moving average is $17.61 and its 200 day moving average is $25.31. Chicago Bridge & Iron Company N.V. also was the target of some unusual options trading activity on Wednesday. Stock traders bought 896 call options on the stock. This represents an increase of approximately 197% compared to the typical volume of 302 call options.

A number of institutional investors have recently added to or reduced their stakes in CBI. Glen Harbor Capital Management LLC raised its position in Chicago Bridge & Iron Company N.V. by 395.9% in the first quarter. Glen Harbor Capital Management LLC now owns 69,504 shares of the construction company’s stock valued at $2,137,000 after buying an additional 55,488 shares during the period. Sigma Planning Corp raised its position in Chicago Bridge & Iron Company N.V. by 60.2% in the first quarter. Sigma Planning Corp now owns 22,121 shares of the construction company’s stock valued at $680,000 after buying an additional 8,315 shares during the period. Nationwide Fund Advisors raised its position in Chicago Bridge & Iron Company N.V. by 9,639.4% in the first quarter. Nationwide Fund Advisors now owns 243,874 shares of the construction company’s stock valued at $7,499,000 after buying an additional 241,370 shares during the period. City Holding Co. raised its position in Chicago Bridge & Iron Company N.V. by 5.6% in the first quarter. City Holding Co. now owns 18,779 shares of the construction company’s stock valued at $577,000 after buying an additional 993 shares during the period. Finally, Butensky & Cohen Financial Security Inc. raised its position in Chicago Bridge & Iron Company N.V. by 3.6% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 38,320 shares of the construction company’s stock valued at $1,178,000 after buying an additional 1,345 shares during the period. Institutional investors and hedge funds own 67.19% of the company’s stock.

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CBI has been the subject of several analyst reports. Credit Suisse Group set a $40.00 price target on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a report on Saturday, April 22nd. Citigroup Inc. cut their price target on shares of Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, May 9th. Jefferies Group LLC reissued a “buy” rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a report on Tuesday, May 9th. Robert W. Baird reissued a “neutral” rating and issued a $23.00 price target (down from $31.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Wednesday, May 17th. Finally, MKM Partners reissued a “buy” rating and issued a $34.00 price target (down from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a report on Friday, May 19th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.74.

About Chicago Bridge & Iron Company N.V.

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Earnings History for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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