Ajo LP lifted its stake in Continental Building Products, Inc. (NYSE:CBPX) by 30.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 369,616 shares of the construction company’s stock after purchasing an additional 86,208 shares during the period. Ajo LP owned about 0.94% of Continental Building Products worth $8,612,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alps Advisors Inc. grew its holdings in Continental Building Products by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 18,560 shares of the construction company’s stock worth $432,000 after acquiring an additional 48 shares in the last quarter. First Mercantile Trust Co. grew its holdings in Continental Building Products by 1.8% during the 2nd quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock worth $145,000 after acquiring an additional 110 shares in the last quarter. Legal & General Group Plc grew its holdings in Continental Building Products by 9.5% during the 2nd quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock worth $216,000 after acquiring an additional 802 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Continental Building Products by 11.2% during the 2nd quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock worth $234,000 after acquiring an additional 1,013 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Continental Building Products by 2.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 39,131 shares of the construction company’s stock worth $959,000 after acquiring an additional 1,048 shares in the last quarter.

Shares of Continental Building Products, Inc. (NYSE:CBPX) opened at 24.50 on Friday. The firm’s 50 day moving average is $22.77 and its 200 day moving average is $23.83. The stock has a market capitalization of $941.29 million, a price-to-earnings ratio of 22.54 and a beta of 1.26. Continental Building Products, Inc. has a 52-week low of $18.35 and a 52-week high of $26.53.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The business had revenue of $120.60 million during the quarter, compared to analyst estimates of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. Equities analysts expect that Continental Building Products, Inc. will post $1.30 earnings per share for the current year.

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Several brokerages have issued reports on CBPX. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, August 7th. BidaskClub raised shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price target on shares of Continental Building Products in a research report on Monday, June 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Continental Building Products currently has an average rating of “Hold” and a consensus price target of $26.33.

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

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