Continental Building Products (CBPX) Stock Rating Lowered by ValuEngine

Continental Building Products (NYSE:CBPX) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other brokerages also recently commented on CBPX. Zacks Investment Research downgraded Continental Building Products from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Citigroup cut their target price on Continental Building Products from $36.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, November 12th. Stephens set a $32.00 price target on Continental Building Products and gave the stock a “hold” rating in a research note on Tuesday, November 13th. Raymond James dropped their price target on Continental Building Products from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Wednesday, October 24th. Finally, Barclays set a $35.00 price target on Continental Building Products and gave the stock a “buy” rating in a research note on Wednesday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Continental Building Products currently has a consensus rating of “Hold” and an average target price of $33.00.

Shares of CBPX opened at $26.02 on Wednesday. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75. Continental Building Products has a 12 month low of $24.13 and a 12 month high of $39.60. The firm has a market cap of $968.57 million, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 0.80 and a beta of 1.45.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. The business had revenue of $131.20 million for the quarter, compared to the consensus estimate of $124.65 million. During the same period last year, the business posted $0.29 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Continental Building Products will post 2.07 earnings per share for the current year.

In other news, Director Edward M. Bosowski purchased 1,500 shares of the company’s stock in a transaction dated Friday, November 16th. The shares were purchased at an average cost of $29.28 per share, for a total transaction of $43,920.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after purchasing an additional 135,931 shares during the period. Vanguard Group Inc raised its holdings in Continental Building Products by 2.9% in the 3rd quarter. Vanguard Group Inc now owns 4,829,264 shares of the construction company’s stock worth $181,339,000 after purchasing an additional 135,931 shares during the period. Macquarie Group Ltd. raised its holdings in Continental Building Products by 3.2% in the 2nd quarter. Macquarie Group Ltd. now owns 2,503,185 shares of the construction company’s stock worth $78,976,000 after purchasing an additional 78,059 shares during the period. BlackRock Inc. raised its holdings in Continental Building Products by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock worth $93,888,000 after purchasing an additional 44,222 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Continental Building Products by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,534,404 shares of the construction company’s stock worth $48,410,000 after purchasing an additional 6,724 shares during the period. Hedge funds and other institutional investors own 98.57% 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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