Continental Building Products, Inc. (NYSE:CBPX) Position Increased by First Quadrant L P CA
First Quadrant L P CA increased its position in Continental Building Products, Inc. (NYSE:CBPX) by 101.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,092 shares of the construction company’s stock after buying an additional 50,927 shares during the period. First Quadrant L P CA owned 0.26% of Continental Building Products worth $2,355,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. NN Investment Partners Holdings N.V. bought a new stake in Continental Building Products during the second quarter worth approximately $360,000. Copper Rock Capital Partners LLC boosted its stake in Continental Building Products by 12.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,071,594 shares of the construction company’s stock worth $24,754,000 after buying an additional 119,618 shares in the last quarter. Piedmont Investment Advisors LLC boosted its stake in Continental Building Products by 26,410.0% in the first quarter. Piedmont Investment Advisors LLC now owns 34,463 shares of the construction company’s stock worth $844,000 after buying an additional 34,333 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Continental Building Products by 11.0% in the first quarter. Goldman Sachs Group Inc. now owns 170,471 shares of the construction company’s stock worth $4,177,000 after buying an additional 16,869 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its stake in Continental Building Products by 15.6% in the first quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company’s stock worth $35,795,000 after buying an additional 196,797 shares in the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.
Shares of Continental Building Products, Inc. (NYSE CBPX) traded up 0.92% during trading on Friday, hitting $21.90. The company’s stock had a trading volume of 276,308 shares. Continental Building Products, Inc. has a 1-year low of $18.35 and a 1-year high of $26.53. The company has a market capitalization of $841.40 million, a P/E ratio of 20.15 and a beta of 1.28. The firm’s 50 day moving average is $22.14 and its 200-day moving average is $23.82.
Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by $0.03. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. During the same quarter in the previous year, the company earned $0.31 EPS. Continental Building Products’s revenue for the quarter was up 3.0% compared to the same quarter last year. Analysts forecast that Continental Building Products, Inc. will post $1.30 EPS for the current fiscal year.
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A number of analysts recently commented on the company. Zacks Investment Research cut Continental Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub upgraded Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price target on shares of Continental Building Products in a report on Monday, June 19th. 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 stock. Continental Building Products presently has a consensus rating of “Hold” and an average target price of $26.33.
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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