Continental Building Products Inc (NYSE:CBPX) Given Consensus Rating of “Hold” by Analysts

Shares of Continental Building Products Inc (NYSE:CBPX) have received a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.75.

CBPX has been the topic of a number of analyst reports. Royal Bank of Canada set a $27.00 price objective on Continental Building Products and gave the company a “hold” rating in a research note on Friday, May 3rd. Zacks Investment Research lowered Continental Building Products from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th. Seaport Global Securities reiterated a “neutral” rating on shares of Continental Building Products in a research note on Monday, May 6th. Finally, ValuEngine upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research note on Tuesday.

Several large investors have recently added to or reduced their stakes in CBPX. Victory Capital Management Inc. raised its stake in shares of Continental Building Products by 8,501.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,306,806 shares of the construction company’s stock valued at $32,396,000 after purchasing an additional 1,291,613 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Continental Building Products by 37.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 1,295,260 shares of the construction company’s stock valued at $32,109,000 after purchasing an additional 356,125 shares during the period. Millennium Management LLC bought a new stake in shares of Continental Building Products during the 4th quarter valued at $7,945,000. Penn Capital Management Co. Inc. purchased a new position in Continental Building Products during the second quarter worth about $5,077,000. Finally, APG Asset Management N.V. grew its position in Continental Building Products by 547.9% during the fourth quarter. APG Asset Management N.V. now owns 196,300 shares of the construction company’s stock worth $4,370,000 after buying an additional 166,000 shares in the last quarter.

Shares of CBPX traded up $0.19 during mid-day trading on Friday, hitting $24.23. The stock had a trading volume of 261,194 shares, compared to its average volume of 175,465. The company has a market capitalization of $811.01 million, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.77 and a beta of 1.40. The stock’s fifty day moving average price is $24.93. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.53 and a current ratio of 4.43. Continental Building Products has a 52 week low of $21.35 and a 52 week high of $39.60.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.04). Continental Building Products had a net margin of 13.02% and a return on equity of 20.38%. The firm had revenue of $124.21 million during the quarter, compared to the consensus estimate of $131.04 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was down 10.8% compared to the same quarter last year. As a group, research analysts predict that Continental Building Products will post 1.69 earnings per share for the current year.

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.

See Also: Quiet Period

Analyst Recommendations for Continental Building Products (NYSE:CBPX)

Receive News & Ratings for Continental Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Continental Building Products and related companies with MarketBeat.com's FREE daily email newsletter.