Systematic Financial Management LP Buys 2,560 Shares of Continental Building Products, Inc. (NYSE:CBPX)

Systematic Financial Management LP boosted its holdings in shares of Continental Building Products, Inc. (NYSE:CBPX) by 0.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 903,121 shares of the construction company’s stock after purchasing an additional 2,560 shares during the period. Systematic Financial Management LP owned about 2.30% of Continental Building Products worth $21,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Highbridge Capital Management LLC increased its holdings in shares of Continental Building Products by 95.3% during the first quarter. Highbridge Capital Management LLC now owns 65,395 shares of the construction company’s stock worth $1,602,000 after buying an additional 31,919 shares in the last quarter. Vanguard Group Inc. increased its holdings in Continental Building Products by 4.3% in the first quarter. Vanguard Group Inc. now owns 4,142,646 shares of the construction company’s stock valued at $101,495,000 after purchasing an additional 172,234 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Continental Building Products by 10.2% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 177,056 shares of the construction company’s stock worth $4,338,000 after acquiring an additional 16,382 shares during the period. Paloma Partners Management Co grew its holdings in Continental Building Products by 61.8% during the 1st quarter. Paloma Partners Management Co now owns 42,563 shares of the construction company’s stock worth $1,043,000 after acquiring an additional 16,263 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Continental Building Products by 28.6% during the 1st quarter. AQR Capital Management LLC now owns 360,761 shares of the construction company’s stock worth $8,839,000 after acquiring an additional 80,226 shares during the period.

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A number of equities analysts have recently issued reports on the stock. BidaskClub raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. 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. Finally, 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. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $26.33.

Shares of Continental Building Products, Inc. (NYSE:CBPX) traded down 0.20% on Friday, reaching $24.45. 144,115 shares of the company’s stock traded hands. The firm’s 50-day moving average is $22.77 and its 200-day moving average is $23.83. Continental Building Products, Inc. has a 52-week low of $18.35 and a 52-week high of $26.53. The stock has a market cap of $939.37 million, a price-to-earnings ratio of 22.49 and a beta of 1.26.

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

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.

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

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