58,955 Shares in Continental Building Products Inc (CBPX) Acquired by James Investment Research Inc.

James Investment Research Inc. purchased a new position in Continental Building Products Inc (NYSE:CBPX) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 58,955 shares of the construction company’s stock, valued at approximately $2,214,000. James Investment Research Inc. owned approximately 0.16% of Continental Building Products as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its stake in Continental Building Products by 314.8% during the third quarter. Russell Investments Group Ltd. now owns 14,345 shares of the construction company’s stock valued at $539,000 after buying an additional 10,887 shares in the last quarter. First Trust Advisors LP boosted its stake in Continental Building Products by 53.3% during the third quarter. First Trust Advisors LP now owns 123,912 shares of the construction company’s stock valued at $4,653,000 after buying an additional 43,072 shares in the last quarter. First Quadrant L P CA boosted its stake in Continental Building Products by 24.8% during the third quarter. First Quadrant L P CA now owns 117,328 shares of the construction company’s stock valued at $4,406,000 after buying an additional 23,287 shares in the last quarter. Calamos Advisors LLC bought a new position in Continental Building Products during the third quarter valued at about $404,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd bought a new position in Continental Building Products during the third quarter valued at about $12,466,000. 97.72% of the stock is owned by institutional investors and hedge funds.

CBPX has been the subject of several research reports. Zacks Investment Research cut Continental Building Products from a “buy” rating to a “hold” rating in a research note on Friday, October 26th. Barclays raised their target price on Continental Building Products from $33.00 to $39.00 and gave the company a “buy” rating in a research note on Friday, August 3rd. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. SunTrust Banks reaffirmed a “hold” rating and set a $31.00 target price on shares of Continental Building Products in a research note on Friday, August 3rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $35.00 target price on shares of Continental Building Products in a research note on Friday, August 3rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $34.33.



Shares of NYSE CBPX opened at $27.65 on Wednesday. Continental Building Products Inc has a 12 month low of $25.00 and a 12 month high of $39.60. The firm has a market cap of $1.01 billion, a PE ratio of 15.89, a P/E/G ratio of 0.43 and a beta of 1.19. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.86 and a quick ratio of 3.21.

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

In other news, SVP Dennis Romps sold 10,000 shares of the company’s 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 completion of the sale, the senior vice president now directly owns 31,265 shares of the company’s stock, valued at $1,131,793. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.52% 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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Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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