Chicago Bridge & Iron Company N.V. (NYSE:CBI) saw some unusual options trading activity on Wednesday. Stock investors bought 896 call options on the stock. This represents an increase of approximately 197% compared to the typical daily volume of 302 call options.

Large investors have recently added to or reduced their stakes in the company. Hanson & Doremus Investment Management boosted its stake in Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock valued at $100,000 after buying an additional 650 shares during the period. Clearbridge Investments LLC boosted its position in Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. Brick & Kyle Associates boosted its position in Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock worth $121,000 after buying an additional 500 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Chicago Bridge & Iron Company N.V. by 907.6% in the second quarter. Chicago Partners Investment Group LLC now owns 6,600 shares of the construction company’s stock worth $130,000 after buying an additional 5,945 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Chicago Bridge & Iron Company N.V. by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,697 shares of the construction company’s stock worth $152,000 after buying an additional 2,466 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

Chicago Bridge & Iron Company N.V. (CBI) opened at 10.99 on Friday. The firm’s market cap is $1.11 billion. Chicago Bridge & Iron Company N.V. has a 12 month low of $9.55 and a 12 month high of $36.56. The company’s 50-day moving average is $15.42 and its 200 day moving average is $23.46.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the consensus estimate of $0.85 by $3.81. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $2.49 billion. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. Chicago Bridge & Iron Company N.V.’s revenue for the quarter was down 40.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.17 earnings per share. Equities research analysts expect that Chicago Bridge & Iron Company N.V. will post ($1.79) EPS for the current fiscal year.

CBI has been the topic of several recent analyst reports. UBS AG restated a “buy” rating and issued a $21.00 target price (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Wednesday, May 24th. Deutsche Bank AG boosted their target price on shares of Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. MKM Partners restated a “buy” rating and issued a $34.00 target price (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research note on Friday, May 19th. Credit Suisse Group set a $34.00 target price on shares of Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $35.00 target price on shares of Chicago Bridge & Iron Company N.V. in a research note on Tuesday, May 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.34.

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Chicago Bridge & Iron Company N.V. Company Profile

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.

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