Cornerstone Building Brands, Inc. (NYSE:CNR) Director Kathleen J. Affeldt Sells 19,500 Shares

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.

A number of hedge funds and other institutional investors have recently bought and sold shares of CNR. BlackRock Inc. raised its position in shares of Cornerstone Building Brands by 13.3% during the fourth quarter. BlackRock Inc. now owns 3,246,952 shares of the company’s stock valued at $30,131,000 after buying an additional 381,685 shares during the last quarter. DNB Asset Management AS lifted its holdings in shares of Cornerstone Building Brands by 67.7% during the 4th quarter. DNB Asset Management AS now owns 2,913,093 shares of the company’s stock worth $27,034,000 after acquiring an additional 1,175,760 shares during the period. Guardian Point Capital LP boosted its holdings in Cornerstone Building Brands by 16.7% during the fourth quarter. Guardian Point Capital LP now owns 1,750,000 shares of the company’s stock valued at $16,240,000 after purchasing an additional 250,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Cornerstone Building Brands by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,409,183 shares of the company’s stock valued at $13,079,000 after buying an additional 71,286 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its position in Cornerstone Building Brands by 397.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,321,403 shares of the company’s stock valued at $12,262,000 after acquiring an additional 1,055,702 shares during the period. Institutional investors own 89.54% of the company’s stock.

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.

Read More: What does a bar chart display?

Insider Buying and Selling by Quarter for Cornerstone Building Brands (NYSE:CNR)

Receive News & Ratings for Cornerstone Building Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cornerstone Building Brands and related companies with MarketBeat.com's FREE daily email newsletter.