Continental Building Products (CBPX) PT Lowered to $36.00 at Raymond James

Continental Building Products (NYSE:CBPX) had its price objective trimmed by Raymond James from $40.00 to $36.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a buy rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the company. Citigroup upped their price objective on Continental Building Products from $31.00 to $33.00 and gave the company a $32.10 rating in a research report on Monday, July 23rd. ValuEngine raised Continental Building Products from a hold rating to a buy rating in a research report on Tuesday, August 7th. Zacks Investment Research raised Continental Building Products from a hold rating to a buy rating and set a $41.00 price objective on the stock in a research report on Wednesday, August 8th. Barclays upped their price objective on Continental Building Products from $33.00 to $39.00 and gave the company a buy rating in a research report on Friday, August 3rd. Finally, Stephens set a $41.00 price objective on Continental Building Products and gave the company a hold rating in a research report on Tuesday, August 7th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $34.33.

CBPX stock traded down $0.86 during midday trading on Wednesday, hitting $27.21. The company’s stock had a trading volume of 613,328 shares, compared to its average volume of 480,010. The stock has a market capitalization of $1.01 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 0.45 and a beta of 1.19. Continental Building Products has a 12 month low of $25.00 and a 12 month high of $39.60. The company has a current ratio of 3.86, a quick ratio of 3.21 and a debt-to-equity ratio of 0.79.



Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.15. The business had revenue of $139.27 million for the quarter, compared to analysts’ expectations of $130.37 million. Continental Building Products had a return on equity of 19.57% and a net margin of 14.04%. The firm’s quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. On average, research analysts predict that Continental Building Products will post 2.02 earnings per share for the current year.

In other news, SVP Dennis Romps sold 10,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total transaction of $362,000.00. Following the transaction, the senior vice president now directly owns 31,265 shares of the company’s stock, valued at approximately $1,131,793. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in shares of Continental Building Products by 314.3% during the 1st quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock valued at $128,000 after buying an additional 3,413 shares during the period. United Services Automobile Association bought a new position in shares of Continental Building Products during the 2nd quarter valued at $200,000. Financial Enhancement Group LLC bought a new position in shares of Continental Building Products during the 2nd quarter valued at $201,000. Meeder Asset Management Inc. lifted its holdings in shares of Continental Building Products by 83.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,829 shares of the construction company’s stock valued at $215,000 after buying an additional 3,113 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Continental Building Products by 108.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,294 shares of the construction company’s stock valued at $237,000 after buying an additional 4,311 shares during the period. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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