Continental Building Products Inc (NYSE:CBPX) – Equities researchers at SunTrust Banks reduced their Q1 2019 earnings estimates for Continental Building Products in a research report issued on Monday, January 7th. SunTrust Banks analyst K. Hughes now expects that the construction company will earn $0.42 per share for the quarter, down from their previous estimate of $0.47. SunTrust Banks also issued estimates for Continental Building Products’ Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.74 EPS and FY2019 earnings at $2.11 EPS.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, November 8th. The construction company reported $0.50 earnings per share for the quarter, topping 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 firm had revenue of $131.20 million for the quarter, compared to the consensus estimate of $124.65 million. During the same period in the prior year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis.
Shares of NYSE:CBPX opened at $26.02 on Wednesday. Continental Building Products has a 52-week low of $24.13 and a 52-week high of $39.60. The company has a market capitalization of $968.57 million, a P/E ratio of 19.56, a PEG ratio of 0.80 and a beta of 1.45. The company has a current ratio of 4.01, a quick ratio of 3.32 and a debt-to-equity ratio of 0.75.
In related news, Director Edward M. Bosowski bought 1,500 shares of the company’s stock in a transaction on Friday, November 16th. The shares were acquired at an average price of $29.28 per share, with a total value of $43,920.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in CBPX. Clearbridge Investments LLC boosted its position in Continental Building Products by 951,920.0% during the 3rd quarter. Clearbridge Investments LLC now owns 476,010 shares of the construction company’s stock valued at $17,874,000 after acquiring an additional 475,960 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in Continental Building Products during the 3rd quarter valued at $15,789,000. Robeco Institutional Asset Management B.V. boosted its position in Continental Building Products by 1,178.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 455,111 shares of the construction company’s stock valued at $17,091,000 after acquiring an additional 419,505 shares in the last quarter. Teachers Advisors LLC boosted its position in Continental Building Products by 552.9% during the 3rd quarter. Teachers Advisors LLC now owns 480,271 shares of the construction company’s stock valued at $18,034,000 after acquiring an additional 406,710 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Continental Building Products by 74.5% during the 3rd quarter. Renaissance Technologies LLC now owns 845,072 shares of the construction company’s stock valued at $31,732,000 after acquiring an additional 360,672 shares in the last quarter. 98.57% of the stock is currently owned by institutional investors and hedge funds.
About Continental Building Products
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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