Continental Building Products, Inc. (CBPX) Stake Decreased by Engineers Gate Manager LP

Engineers Gate Manager LP reduced its position in Continental Building Products, Inc. (NYSE:CBPX) by 8.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,914 shares of the construction company’s stock after selling 3,055 shares during the period. Engineers Gate Manager LP owned 0.09% of Continental Building Products worth $790,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC boosted its holdings in shares of Continental Building Products by 95.3% in the 1st quarter. Highbridge Capital Management LLC now owns 65,395 shares of the construction company’s stock valued at $1,602,000 after buying an additional 31,919 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Continental Building Products by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,142,646 shares of the construction company’s stock valued at $101,495,000 after buying an additional 172,234 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Continental Building Products by 10.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 177,056 shares of the construction company’s stock valued at $4,338,000 after buying an additional 16,382 shares in the last quarter. Paloma Partners Management Co boosted its holdings in shares of Continental Building Products by 61.8% in the 1st quarter. Paloma Partners Management Co now owns 42,563 shares of the construction company’s stock valued at $1,043,000 after buying an additional 16,263 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Continental Building Products by 28.6% in the 1st quarter. AQR Capital Management LLC now owns 360,761 shares of the construction company’s stock valued at $8,839,000 after buying an additional 80,226 shares in the last quarter.

Shares of Continental Building Products, Inc. (CBPX) opened at 24.55 on Friday. The firm has a market capitalization of $943.21 million, a PE ratio of 22.59 and a beta of 1.26. Continental Building Products, Inc. has a 1-year low of $18.35 and a 1-year high of $26.53. The company has a 50-day moving average of $22.85 and a 200-day moving average of $23.83.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The firm had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $127.60 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis. Equities research analysts predict that Continental Building Products, Inc. will post $1.30 EPS for the current fiscal year.

A number of research firms have recently weighed in on CBPX. BidaskClub upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Royal Bank Of Canada restated a “buy” rating and issued a $28.00 price target on shares of Continental Building Products in a report on Monday, June 19th. Finally, Zacks Investment Research cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $26.33.

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About Continental Building Products

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.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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