California Public Employees Retirement System grew its position in shares of Continental Building Products, Inc. (NYSE:CBPX) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the construction company’s stock after acquiring an additional 1,300 shares during the period. California Public Employees Retirement System owned about 0.08% of Continental Building Products worth $699,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bessemer Group Inc. bought a new position in shares of Continental Building Products during the second quarter valued at about $100,000. BNP Paribas Arbitrage SA raised its stake in shares of Continental Building Products by 128.9% during the second quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after acquiring an additional 3,179 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Continental Building Products by 1.8% during the second 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. Principal Financial Group Inc. purchased a new position in shares of Continental Building Products during the first quarter valued at about $221,000. Finally, KCG Holdings Inc. purchased a new position in shares of Continental Building Products during the first quarter valued at about $223,000. 97.28% of the stock is owned by hedge funds and other institutional investors.

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CBPX has been the topic of several research analyst reports. BidaskClub upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks, Inc. reiterated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, August 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Continental Building Products in a research report on Wednesday. Finally, Barclays PLC boosted their price target on shares of Continental Building Products from $25.00 to $27.00 and gave the company an “equal weight” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.25.

Continental Building Products, Inc. (NYSE:CBPX) opened at $26.95 on Friday. Continental Building Products, Inc. has a 52-week low of $21.00 and a 52-week high of $27.95. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. The stock has a market cap of $1,012.65, a PE ratio of 21.65 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, November 9th. The construction company reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $116.50 million for the quarter, compared to analysts’ expectations of $121.08 million. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.25 earnings per share. research analysts forecast that Continental Building Products, Inc. will post 1.27 EPS for the current fiscal year.

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.

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

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