Nuveen Asset Management LLC Makes New $11.90 Million Investment in Continental Building Products Inc (NYSE:CBPX)

Nuveen Asset Management LLC bought a new position in shares of Continental Building Products Inc (NYSE:CBPX) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 447,898 shares of the construction company’s stock, valued at approximately $11,901,000.

A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC boosted its holdings in Continental Building Products by 4.4% in the second quarter. AQR Capital Management LLC now owns 48,689 shares of the construction company’s stock valued at $1,294,000 after purchasing an additional 2,061 shares during the period. Paloma Partners Management Co boosted its holdings in Continental Building Products by 84.4% in the second quarter. Paloma Partners Management Co now owns 18,320 shares of the construction company’s stock valued at $487,000 after purchasing an additional 8,386 shares during the period. Man Group plc purchased a new position in Continental Building Products in the second quarter valued at $240,000. Zebra Capital Management LLC purchased a new position in Continental Building Products in the second quarter valued at $267,000. Finally, Gratia Capital LLC boosted its holdings in Continental Building Products by 237.4% in the second quarter. Gratia Capital LLC now owns 98,000 shares of the construction company’s stock valued at $2,604,000 after purchasing an additional 68,953 shares during the period. 98.58% of the stock is owned by institutional investors.

Shares of NYSE CBPX opened at $27.88 on Friday. The company has a market capitalization of $955.31 million, a price-to-earnings ratio of 14.42, a price-to-earnings-growth ratio of 3.32 and a beta of 1.30. The company has a debt-to-equity ratio of 0.78, a current ratio of 4.43 and a quick ratio of 3.65. The business has a 50-day moving average of $26.14 and a two-hundred day moving average of $25.20. Continental Building Products Inc has a 1 year low of $21.35 and a 1 year high of $33.63.



Continental Building Products (NYSE:CBPX) last posted its earnings results on Thursday, August 1st. The construction company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Continental Building Products had a net margin of 13.02% and a return on equity of 20.38%. The firm had revenue of $124.21 million during the quarter, compared to analysts’ expectations of $131.04 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The firm’s revenue for the quarter was down 10.8% on a year-over-year basis. As a group, equities research analysts expect that Continental Building Products Inc will post 1.66 earnings per share for the current year.

A number of research analysts recently issued reports on CBPX shares. BNP Paribas started coverage on Continental Building Products in a report on Wednesday. They issued an “outperform” rating for the company. Exane BNP Paribas started coverage on Continental Building Products in a report on Wednesday. They issued an “outperform” rating for the company. ValuEngine upgraded Continental Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Continental Building Products from a “sell” rating to a “hold” rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Continental Building Products has an average rating of “Hold” and a consensus target price of $31.33.

Continental Building Products 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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