BNP Paribas began coverage on shares of Continental Building Products (NYSE:CBPX) in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. The firm issued an outperform rating on the construction company’s stock.

Separately, ValuEngine upgraded Continental Building Products from a hold rating to a buy rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.33.

NYSE:CBPX traded up $0.51 during trading hours on Wednesday, hitting $28.05. The company had a trading volume of 18,011 shares, compared to its average volume of 310,813. The company has a current ratio of 4.43, a quick ratio of 3.65 and a debt-to-equity ratio of 0.78. The company has a 50-day moving average of $25.99 and a 200 day moving average of $25.15. The company has a market cap of $921.67 million, a P/E ratio of 13.89, a P/E/G ratio of 3.20 and a beta of 1.30. Continental Building Products has a 1 year low of $21.35 and a 1 year high of $34.95.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). The company had revenue of $124.21 million during the quarter, compared to analysts’ expectations of $131.04 million. Continental Building Products had a net margin of 13.02% and a return on equity of 20.38%. The firm’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. On average, analysts forecast that Continental Building Products will post 1.66 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its holdings in shares of Continental Building Products by 6.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,679,632 shares of the construction company’s stock worth $71,198,000 after purchasing an additional 163,909 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Continental Building Products by 37.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,295,260 shares of the construction company’s stock worth $32,109,000 after purchasing an additional 356,125 shares during the period. Systematic Financial Management LP grew its holdings in shares of Continental Building Products by 0.3% during the 2nd quarter. Systematic Financial Management LP now owns 1,073,386 shares of the construction company’s stock worth $28,520,000 after purchasing an additional 3,456 shares during the period. William Blair Investment Management LLC boosted its holdings in Continental Building Products by 31.5% during the 2nd quarter. William Blair Investment Management LLC now owns 656,423 shares of the construction company’s stock valued at $17,441,000 after acquiring an additional 157,311 shares during the period. Finally, Brown Advisory Inc. purchased a new position in Continental Building Products during the 2nd quarter valued at about $14,015,000. Institutional investors and hedge funds own 98.58% of the company’s stock.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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