Janney Montgomery Scott LLC Acquires Shares of 33,496 Continental Building Products Inc (CBPX)

Janney Montgomery Scott LLC acquired a new stake in Continental Building Products Inc (NYSE:CBPX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,496 shares of the construction company’s stock, valued at approximately $1,258,000.

Several other institutional investors have also made changes to their positions in the company. Macquarie Group Ltd. lifted its position in shares of Continental Building Products by 3.2% in the second quarter. Macquarie Group Ltd. now owns 2,503,185 shares of the construction company’s stock valued at $78,976,000 after acquiring an additional 78,059 shares in the last quarter. BlackRock Inc. lifted its position in shares of Continental Building Products by 5.0% in the second quarter. BlackRock Inc. now owns 2,456,119 shares of the construction company’s stock valued at $77,491,000 after acquiring an additional 117,124 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Continental Building Products by 0.3% in the second quarter. Brown Advisory Inc. now owns 1,684,748 shares of the construction company’s stock valued at $53,153,000 after acquiring an additional 4,821 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Continental Building Products by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,534,404 shares of the construction company’s stock valued at $48,410,000 after acquiring an additional 6,724 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Continental Building Products by 11.8% in the second quarter. FMR LLC now owns 1,346,475 shares of the construction company’s stock valued at $42,482,000 after acquiring an additional 142,119 shares in the last quarter.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Continental Building Products from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 7th. Stephens set a $41.00 price objective on Continental Building Products and gave the stock a “hold” rating in a research note on Tuesday, August 7th. Jefferies Financial Group reissued a “hold” rating and issued a $35.00 price objective on shares of Continental Building Products in a research note on Friday, August 3rd. Finally, Citigroup dropped their target price on Continental Building Products from $36.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Continental Building Products has a consensus rating of “Hold” and an average target price of $35.00.

Shares of CBPX opened at $28.62 on Friday. Continental Building Products Inc has a 12 month low of $25.51 and a 12 month high of $39.60. The company has a quick ratio of 3.32, a current ratio of 4.01 and a debt-to-equity ratio of 0.75. The firm has a market cap of $1.06 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. The firm had revenue of $131.20 million during the quarter, compared to analyst estimates of $124.65 million. During the same quarter in the prior year, the business posted $0.29 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts forecast that Continental Building Products Inc will post 2.04 earnings per share for the current year.

In other Continental Building Products news, Director Edward M. Bosowski acquired 1,500 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was purchased at an average price of $29.28 per share, for a total transaction of $43,920.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

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About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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

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