Dalton Greiner Hartman Maher & Co. lifted its holdings in shares of Continental Building Products Inc (NYSE:CBPX) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,615 shares of the construction company’s stock after acquiring an additional 7,223 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Continental Building Products were worth $5,997,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of CBPX. Millennium Management LLC increased its position in shares of Continental Building Products by 638.0% during the third quarter. Millennium Management LLC now owns 1,031,347 shares of the construction company’s stock worth $28,145,000 after acquiring an additional 891,598 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Continental Building Products during the second quarter worth about $11,901,000. Penn Capital Management Co. Inc. bought a new stake in shares of Continental Building Products during the second quarter worth about $5,077,000. Macquarie Group Ltd. increased its position in shares of Continental Building Products by 6.5% during the second quarter. Macquarie Group Ltd. now owns 2,679,632 shares of the construction company’s stock worth $71,198,000 after acquiring an additional 163,909 shares in the last quarter. Finally, Winmill & CO. Inc. bought a new stake in shares of Continental Building Products during the third quarter worth about $2,663,000. 99.79% of the stock is owned by institutional investors.
Shares of CBPX stock opened at $36.50 on Thursday. Continental Building Products Inc has a 52-week low of $21.35 and a 52-week high of $37.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.80 and a current ratio of 4.56. The company has a 50-day simple moving average of $36.54 and a two-hundred day simple moving average of $29.60. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 3.99 and a beta of 1.36.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Tuesday, November 12th. The construction company reported $0.39 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01. Continental Building Products had a net margin of 12.12% and a return on equity of 18.84%. The business had revenue of $127.40 million during the quarter, compared to the consensus estimate of $127.16 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, sell-side analysts forecast that Continental Building Products Inc will post 1.69 EPS for the current fiscal year.
Several equities research analysts have recently commented on CBPX shares. ValuEngine raised shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 8th. SunTrust Banks boosted their target price on shares of Continental Building Products to $37.00 and gave the stock a “positive” rating in a research report on Wednesday, November 13th. Exane BNP Paribas started coverage on shares of Continental Building Products in a research report on Wednesday, October 9th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Tuesday. Finally, Royal Bank of Canada boosted their target price on shares of Continental Building Products to $37.00 and gave the stock a “sector perform” rating in a research report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Continental Building Products currently has a consensus rating of “Buy” and an average price target of $36.00.
In other Continental Building Products news, CFO Dennis Charles Schemm sold 10,009 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $36.37, for a total value of $364,027.33. Following the completion of the sale, the chief financial officer now directly owns 25,899 shares of the company’s stock, valued at approximately $941,946.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dennis Romps sold 8,949 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $36.59, for a total transaction of $327,443.91. Following the completion of the sale, the senior vice president now directly owns 31,661 shares of the company’s stock, valued at $1,158,475.99. The disclosure for this sale can be found here. Insiders sold a total of 39,207 shares of company stock valued at $1,433,557 over the last ninety days. 0.78% of the stock is currently owned by insiders.
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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