Prudential Financial Inc. increased its holdings in shares of Continental Building Products Inc (NYSE:CBPX) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 843,755 shares of the construction company’s stock after acquiring an additional 142,162 shares during the period. Prudential Financial Inc.’s holdings in Continental Building Products were worth $31,683,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of CBPX. JPMorgan Chase & Co. raised its holdings in shares of Continental Building Products by 5.5% during the third quarter. JPMorgan Chase & Co. now owns 604,246 shares of the construction company’s stock valued at $22,689,000 after purchasing an additional 31,328 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Continental Building Products by 1,190.1% during the third quarter. SG Americas Securities LLC now owns 98,087 shares of the construction company’s stock valued at $3,683,000 after purchasing an additional 90,484 shares during the last quarter. Stone Ridge Asset Management LLC raised its holdings in shares of Continental Building Products by 13.0% during the third quarter. Stone Ridge Asset Management LLC now owns 17,071 shares of the construction company’s stock valued at $641,000 after purchasing an additional 1,967 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Continental Building Products by 291.5% during the third quarter. O Shaughnessy Asset Management LLC now owns 123,386 shares of the construction company’s stock valued at $4,602,000 after purchasing an additional 91,869 shares during the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Continental Building Products during the third quarter valued at approximately $303,000.
In other Continental Building Products news, Director Edward M. Bosowski bought 1,500 shares of Continental Building Products stock in a transaction on Friday, November 16th. The stock was acquired at an average cost of $29.28 per share, with a total value of $43,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
Shares of CBPX stock 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 market cap of $1.06 billion, a price-to-earnings ratio of 21.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.01 and a quick ratio of 3.32.
Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Continental Building Products had a net margin of 15.10% and a return on equity of 21.14%. The business had revenue of $131.20 million during the quarter, compared to analysts’ expectations of $124.65 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. As a group, research analysts predict that Continental Building Products Inc will post 2.04 earnings per share for the current year.
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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.
Further Reading: What are Institutional Investors?
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