Robeco Institutional Asset Management B.V. Acquires 15,468 Shares of Continental Building Products, Inc. (CBPX)

Robeco Institutional Asset Management B.V. boosted its position in Continental Building Products, Inc. (NYSE:CBPX) by 76.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 35,606 shares of the construction company’s stock after purchasing an additional 15,468 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of Continental Building Products worth $829,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Continental Building Products by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 4,142,646 shares of the construction company’s stock worth $101,495,000 after purchasing an additional 172,234 shares in the last quarter. Macquarie Group Ltd. grew its position in Continental Building Products by 15.6% in the 1st quarter. Macquarie Group Ltd. now owns 1,461,002 shares of the construction company’s stock worth $35,795,000 after purchasing an additional 196,797 shares in the last quarter. Prudential Financial Inc. grew its position in Continental Building Products by 27.1% in the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after purchasing an additional 273,192 shares in the last quarter. Copper Rock Capital Partners LLC grew its position in Continental Building Products by 12.6% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,071,594 shares of the construction company’s stock worth $24,754,000 after purchasing an additional 119,618 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Continental Building Products by 32.0% in the 2nd quarter. William Blair Investment Management LLC now owns 747,806 shares of the construction company’s stock worth $17,424,000 after purchasing an additional 181,448 shares in the last quarter.

Continental Building Products, Inc. (NYSE:CBPX) opened at 25.40 on Friday. The company has a market capitalization of $975.87 million, a P/E ratio of 23.37 and a beta of 1.26. The stock’s 50 day moving average is $23.00 and its 200-day moving average is $23.80. Continental Building Products, Inc. has a 52-week low of $18.35 and a 52-week high of $26.53.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The company had revenue of $120.60 million during the quarter, compared to the consensus estimate of $127.60 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The business’s revenue was up 3.0% compared to the same quarter last year. Analysts predict that Continental Building Products, Inc. will post $1.30 EPS for the current fiscal year.

A number of research analysts have recently weighed in on CBPX shares. Zacks Investment Research raised shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and set a $28.00 target price on shares of Continental Building Products in a research report on Monday, June 19th. Finally, BidaskClub raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $26.33.

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Continental Building Products Company Profile

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.

Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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