Shares of Continental Building Products Inc (NYSE:CBPX) have been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $30.33.
Several research analysts have recently weighed in on CBPX shares. Barclays raised Continental Building Products from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $27.00 to $33.00 in a research report on Friday, January 5th. Royal Bank of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research report on Wednesday, November 15th. BidaskClub raised Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. SunTrust Banks cut Continental Building Products from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Zacks Investment Research cut Continental Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.
Continental Building Products (CBPX) traded up $0.10 during mid-day trading on Friday, hitting $27.90. The stock had a trading volume of 298,492 shares, compared to its average volume of 245,833. The company has a quick ratio of 2.46, a current ratio of 3.11 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $1,027.76, a PE ratio of 17.95 and a beta of 1.20. Continental Building Products has a 52 week low of $21.00 and a 52 week high of $31.00.
Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.08. The company had revenue of $131.39 million during the quarter, compared to analysts’ expectations of $125.40 million. Continental Building Products had a return on equity of 16.72% and a net margin of 12.23%. Continental Building Products’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that Continental Building Products will post 1.65 earnings per share for the current fiscal year.
Continental Building Products declared that its Board of Directors has approved a stock repurchase plan on Thursday, February 22nd that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the construction company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in Continental Building Products by 154.3% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,983 shares of the construction company’s stock valued at $112,000 after purchasing an additional 2,417 shares during the last quarter. Citadel Advisors LLC bought a new stake in Continental Building Products in the third quarter valued at approximately $235,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in Continental Building Products by 76.7% in the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 10,600 shares of the construction company’s stock valued at $275,000 after buying an additional 4,600 shares during the period. Minerva Advisors LLC bought a new stake in Continental Building Products in the fourth quarter valued at approximately $239,000. Finally, Teacher Retirement System of Texas bought a new stake in Continental Building Products in the fourth quarter valued at approximately $379,000. 99.78% of the stock is owned by hedge funds and other institutional investors.
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Continental Building Products Company Profile
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.
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