Continental Building Products, Inc. (NYSE:CBPX) had its price target lifted by investment analysts at Barclays PLC from $25.00 to $27.00 in a research note issued to investors on Friday, November 10th. The brokerage presently has an “equal weight” rating on the construction company’s stock. Barclays PLC’s price target would indicate a potential downside of 2.00% from the company’s previous close.
Several other equities research analysts have also recently weighed in on CBPX. Zacks Investment Research cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a report on Monday, October 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Continental Building Products presently has an average rating of “Buy” and an average price target of $28.25.
Continental Building Products (NYSE:CBPX) opened at $27.55 on Friday. Continental Building Products has a fifty-two week low of $21.00 and a fifty-two week high of $27.95. The company has a market cap of $1,042.82, a price-to-earnings ratio of 22.30 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46.
Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The business had revenue of $116.50 million for the quarter, compared to the consensus estimate of $121.08 million. During the same period in the prior year, the company posted $0.25 earnings per share. Continental Building Products’s revenue was up 1.7% compared to the same quarter last year. equities research analysts predict that Continental Building Products will post 1.25 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Continental Building Products by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock valued at $98,427,000 after purchasing an additional 81,728 shares during the period. Macquarie Group Ltd. grew its position in shares of Continental Building Products by 9.4% during the 3rd quarter. Macquarie Group Ltd. now owns 2,097,989 shares of the construction company’s stock worth $54,548,000 after buying an additional 180,218 shares during the period. Brown Advisory Inc. grew its position in shares of Continental Building Products by 18.2% during the 3rd quarter. Brown Advisory Inc. now owns 1,720,709 shares of the construction company’s stock worth $44,738,000 after buying an additional 265,383 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Continental Building Products by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,512,239 shares of the construction company’s stock worth $39,318,000 after buying an additional 66,397 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of Continental Building Products by 27.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after buying an additional 273,192 shares during the period.
About Continental Building Products
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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