Continental Building Products Inc (NYSE:CBPX)’s share price hit a new 52-week high and low during trading on Thursday . The company traded as low as $32.25 and last traded at $32.20, with a volume of 6299 shares trading hands. The stock had previously closed at $31.90.
A number of brokerages recently commented on CBPX. ValuEngine upgraded Continental Building Products from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a report on Wednesday, April 25th. Raymond James began coverage on Continental Building Products in a report on Tuesday, March 13th. They set a “market perform” rating for the company. Deutsche Bank upped their target price on Continental Building Products from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, February 27th. Finally, Citigroup decreased their target price on Continental Building Products from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $30.43.
The company has a quick ratio of 2.78, a current ratio of 3.42 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $1.18 billion, a PE ratio of 24.21 and a beta of 1.14.
Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $116.80 million during the quarter, compared to the consensus estimate of $118.77 million. Continental Building Products had a return on equity of 16.88% and a net margin of 12.62%. Continental Building Products’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. equities analysts expect that Continental Building Products Inc will post 1.79 earnings per share for the current fiscal year.
Continental Building Products declared that its board has initiated a share repurchase program on Thursday, February 22nd that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other Continental Building Products news, VP David Bruce Briggs sold 3,350 shares of the stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $31.35, for a total value of $105,022.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Gratia Capital LLC purchased a new stake in shares of Continental Building Products in the fourth quarter worth $9,177,000. Prudential Financial Inc. grew its stake in shares of Continental Building Products by 31.8% in the first quarter. Prudential Financial Inc. now owns 744,583 shares of the construction company’s stock worth $21,258,000 after acquiring an additional 179,821 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Continental Building Products by 8.0% in the fourth quarter. Macquarie Group Ltd. now owns 2,266,215 shares of the construction company’s stock worth $63,794,000 after acquiring an additional 168,226 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Continental Building Products by 269.4% in the fourth quarter. Deutsche Bank AG now owns 131,219 shares of the construction company’s stock worth $3,692,000 after acquiring an additional 95,692 shares during the last quarter. Finally, New Amsterdam Partners LLC NY purchased a new stake in shares of Continental Building Products in the first quarter worth $2,608,000. Institutional investors and hedge funds own 95.93% of the company’s stock.
Continental Building Products Company Profile
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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