Continental Building Products (NYSE:CBPX) Stock Rating Upgraded by Zacks Investment Research

Continental Building Products (NYSE:CBPX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, Zacks.com reports. The firm presently has a $41.00 target price on the construction company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 12.33% from the company’s current price.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

CBPX has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on Continental Building Products to $37.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 13th. Barclays cut Continental Building Products to a “hold” rating and set a $37.00 price target for the company. in a report on Wednesday, November 13th. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a report on Friday, November 8th. SunTrust Banks upped their price target on Continental Building Products to $37.00 and gave the stock a “positive” rating in a report on Wednesday, November 13th. Finally, BNP Paribas began coverage on Continental Building Products in a report on Wednesday, October 9th. They issued an “outperform” rating for the company. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $36.00.

Shares of CBPX stock remained flat at $$36.50 on Tuesday. The stock had a trading volume of 159,468 shares, compared to its average volume of 250,059. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 3.99 and a beta of 1.36. The company’s fifty day simple moving average is $36.54 and its 200-day simple moving average is $29.49. The company has a current ratio of 4.56, a quick ratio of 3.80 and a debt-to-equity ratio of 0.75. Continental Building Products has a fifty-two week low of $21.35 and a fifty-two week high of $37.08.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Tuesday, November 12th. The construction company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $127.40 million during the quarter, compared to analysts’ expectations of $127.16 million. Continental Building Products had a return on equity of 18.84% and a net margin of 12.12%. Continental Building Products’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 EPS. As a group, sell-side analysts predict that Continental Building Products will post 1.69 earnings per share for the current fiscal year.

In other Continental Building Products news, SVP Dennis Romps sold 8,949 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $36.59, for a total transaction of $327,443.91. Following the completion of the sale, the senior vice president now directly owns 31,661 shares in the company, valued at approximately $1,158,475.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Dennis Charles Schemm sold 10,009 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $36.37, for a total value of $364,027.33. Following the sale, the chief financial officer now owns 25,899 shares of the company’s stock, valued at $941,946.63. The disclosure for this sale can be found here. Insiders sold a total of 39,207 shares of company stock valued at $1,433,557 in the last ninety days. 0.78% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. Systematic Financial Management LP increased its stake in Continental Building Products by 1.7% during the 3rd quarter. Systematic Financial Management LP now owns 1,091,371 shares of the construction company’s stock worth $29,784,000 after buying an additional 17,985 shares in the last quarter. California Public Employees Retirement System increased its stake in Continental Building Products by 12.7% during the 3rd quarter. California Public Employees Retirement System now owns 97,348 shares of the construction company’s stock worth $2,657,000 after buying an additional 10,985 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Continental Building Products during the 3rd quarter worth approximately $123,000. Public Employees Retirement System of Ohio increased its stake in Continental Building Products by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 99,692 shares of the construction company’s stock worth $2,721,000 after buying an additional 411 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Continental Building Products by 638.0% during the 3rd quarter. Millennium Management LLC now owns 1,031,347 shares of the construction company’s stock worth $28,145,000 after buying an additional 891,598 shares in the last quarter. Institutional investors own 99.79% 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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