Principal Financial Group Inc. raised its position in shares of Continental Building Products, Inc. (NYSE:CBPX) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,037 shares of the construction company’s stock after acquiring an additional 1,013 shares during the period. Principal Financial Group Inc.’s holdings in Continental Building Products were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. purchased a new stake in Continental Building Products during the 2nd quarter valued at $100,000. BNP Paribas Arbitrage SA raised its holdings in Continental Building Products by 128.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares during the period. First Mercantile Trust Co. raised 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 valued at $145,000 after buying an additional 110 shares during the period. SG Americas Securities LLC raised its holdings in Continental Building Products by 26.7% during the 1st 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 during the period. Finally, Legal & General Group Plc raised 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 valued at $216,000 after buying an additional 802 shares during the period. 98.95% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on CBPX shares. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Continental Building Products in a report on Monday, June 19th. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Monday, July 3rd. BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $27.25.

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Continental Building Products, Inc. (NYSE:CBPX) opened at 26.50 on Tuesday. The firm has a 50-day moving average price of $25.21 and a 200 day moving average price of $23.85. Continental Building Products, Inc. has a 12 month low of $18.35 and a 12 month high of $26.95. The company has a market cap of $1.02 billion, a P/E ratio of 24.38 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to analysts’ expectations of $127.60 million. During the same quarter in the prior year, the firm earned $0.31 EPS. Continental Building Products’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities research analysts predict that Continental Building Products, Inc. will post $1.29 EPS for the current year.

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.

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

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