Schwab Charles Investment Management Inc. boosted its stake in shares of Continental Building Products, Inc. (NYSE:CBPX) by 10.2% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 177,056 shares of the construction company’s stock after buying an additional 16,382 shares during the period. Schwab Charles Investment Management Inc. owned 0.45% of Continental Building Products worth $4,338,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CBPX. SG Americas Securities LLC boosted its position in shares of Continental Building Products by 26.7% in the first quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Continental Building Products by 30.1% in the first quarter. Victory Capital Management Inc. now owns 8,987 shares of the construction company’s stock valued at $220,000 after buying an additional 2,079 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Continental Building Products during the first quarter valued at $221,000. KCG Holdings Inc. purchased a new position in shares of Continental Building Products during the first quarter valued at $223,000. Finally, Stevens Capital Management LP purchased a new position in shares of Continental Building Products during the first quarter valued at $288,000. 98.42% of the stock is owned by institutional investors and hedge funds.

Continental Building Products, Inc. (NYSE:CBPX) traded up 1.82% during trading on Monday, hitting $22.40. The company had a trading volume of 55,368 shares. Continental Building Products, Inc. has a 12-month low of $18.35 and a 12-month high of $26.52. The firm has a 50-day moving average of $22.38 and a 200 day moving average of $23.88. The company has a market capitalization of $860.61 million, a price-to-earnings ratio of 20.61 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.03. The company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS. On average, equities research analysts forecast that Continental Building Products, Inc. will post $1.30 earnings per share for the current year.

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Several brokerages recently weighed in on CBPX. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 target price on shares of Continental Building Products in a research note on Monday, June 19th. Zacks Investment Research cut Continental Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $26.33.

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

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