Media stories about Chicago Bridge & Iron Company (NYSE:CBI) have trended somewhat negative this week, AlphaOne reports. The research group, a service of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Chicago Bridge & Iron Company earned a media sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also gave headlines about the construction company an impact score of 20 out of 100, indicating that recent press coverage is very unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne’s analysis:
- Chicago Bridge & Iron N : Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers (4-traders.com)
- Investigation into 401(k) Plans of Chicago Bridge & Iron Company N.V. (NYSE:CBI) by Stull, Stull & Brody Is Continuing (feeds.benzinga.com)
- Chicago Bridge & Iron (CBI) Announces Retirement of CEO Philip Asherman; Appoints Patrick Mullen (streetinsider.com)
- CHICAGO BRIDGE & IRON CO N V : Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Chicago Bridge & Iron Company (CBI) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
CBI has been the topic of a number of recent research reports. Citigroup Inc upped their target price on Chicago Bridge & Iron Company from $30.00 to $36.00 and gave the company a “neutral” rating in a research note on Monday, January 23rd. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Company in a research note on Sunday, February 5th. DA Davidson reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Company in a research note on Monday, February 27th. Zacks Investment Research lowered Chicago Bridge & Iron Company from a “buy” rating to a “hold” rating in a research note on Thursday, March 2nd. Finally, TheStreet lowered Chicago Bridge & Iron Company from a “c” rating to a “d+” rating in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Chicago Bridge & Iron Company has an average rating of “Hold” and an average target price of $33.16.
Shares of Chicago Bridge & Iron Company (NYSE:CBI) opened at 20.80 on Friday. The stock’s 50 day moving average price is $28.18 and its 200-day moving average price is $31.41. Chicago Bridge & Iron Company has a 12-month low of $18.18 and a 12-month high of $39.71. The firm’s market capitalization is $2.10 billion.
Chicago Bridge & Iron Company (NYSE:CBI) last issued its quarterly earnings data on Monday, May 8th. The construction company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by $0.71. The company had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.42 billion. Chicago Bridge & Iron Company had a return on equity of 22.54% and a net margin of 2.51%. The company’s revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 earnings per share. On average, equities analysts expect that Chicago Bridge & Iron Company will post $3.58 EPS for the current year.
The firm also recently announced a special dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 23rd will be given a $0.07 dividend. The ex-dividend date is Wednesday, June 21st. Chicago Bridge & Iron Company’s dividend payout ratio (DPR) is currently 10.18%.
In related news, VP Westley S. Stockton sold 1,200 shares of the firm’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $31.00, for a total value of $37,200.00. Following the completion of the transaction, the vice president now owns 21,662 shares of the company’s stock, valued at $671,522. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edgar C. Ray sold 48,700 shares of the firm’s stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $31.03, for a total transaction of $1,511,161.00. Following the completion of the transaction, the insider now directly owns 60,496 shares of the company’s stock, valued at approximately $1,877,190.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,219 shares of company stock valued at $2,147,628. 1.40% of the stock is owned by insiders.
Chicago Bridge & Iron Company Company Profile
Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.
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