Cornerstone Building Brands, Inc. (NYSE:CNR) Director Kathleen J. Affeldt sold 19,500 shares of Cornerstone Building Brands stock in a transaction on Monday, April 5th. The shares were sold at an average price of $14.74, for a total transaction of $287,430.00. Following the completion of the sale, the director now directly owns 60,515 shares of the company’s stock, valued at approximately $891,991.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
NYSE CNR opened at $14.18 on Thursday. The stock has a 50-day simple moving average of $12.77 and a 200 day simple moving average of $10.63. Cornerstone Building Brands, Inc. has a twelve month low of $3.60 and a twelve month high of $15.62. The stock has a market capitalization of $1.78 billion, a PE ratio of -3.70 and a beta of 2.26. The company has a debt-to-equity ratio of 8.49, a quick ratio of 1.91 and a current ratio of 2.49.
Cornerstone Building Brands (NYSE:CNR) last issued its quarterly earnings results on Tuesday, March 2nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.09). The business had revenue of $1.19 billion for the quarter. Cornerstone Building Brands had a negative return on equity of 10.54% and a negative net margin of 10.35%. As a group, equities research analysts forecast that Cornerstone Building Brands, Inc. will post -0.38 EPS for the current fiscal year.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered Cornerstone Building Brands from a “buy” rating to a “hold” rating in a report on Friday, March 12th. Barclays boosted their target price on Cornerstone Building Brands from $10.00 to $13.00 and gave the stock an “equal weight” rating in a report on Friday, March 5th. Finally, Cowen downgraded Cornerstone Building Brands to a “market perform” rating in a report on Wednesday, January 27th.
About Cornerstone Building Brands
Cornerstone Building Brands, Inc, together with its subsidiaries, designs, engineers, manufactures, and markets external building products for the commercial, residential, and repair and remodel construction markets in North America. The company operates through three segments: Commercial, Siding, and Windows.
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