Victory Capital Management Inc. increased its holdings in shares of Continental Building Products, Inc. (NYSE:CBPX) by 12.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,110 shares of the construction company’s stock after purchasing an additional 1,123 shares during the quarter. Victory Capital Management Inc.’s holdings in Continental Building Products were worth $236,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. purchased a new position in Continental Building Products during the 2nd quarter valued at approximately $100,000. BNP Paribas Arbitrage SA grew its holdings in Continental Building Products by 128.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares in the last quarter. First Mercantile Trust Co. grew its holdings in Continental Building Products by 1.8% during the 2nd quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares in the last quarter. SG Americas Securities LLC grew its holdings in Continental Building Products by 26.7% during the 1st quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock valued at $204,000 after buying an additional 1,759 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in Continental Building Products during the 1st quarter valued at approximately $221,000.
CBPX has been the subject of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $28.00 price target on shares of Continental Building Products in a report on Monday, June 19th. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, July 3rd. Finally, BidaskClub upgraded Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.33.
Shares of Continental Building Products, Inc. (NYSE:CBPX) opened at 25.60 on Thursday. The company has a market capitalization of $983.55 million, a price-to-earnings ratio of 23.55 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 stock has a 50 day moving average price of $23.00 and a 200 day moving average price of $23.80.
Continental Building Products (NYSE:CBPX) last posted its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ 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 last year, the firm posted $0.31 earnings per share. Continental Building Products’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that Continental Building Products, Inc. will post $1.30 EPS for the current fiscal year.
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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.
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