Chicago Bridge & Iron Co. (NYSE:CBI) announced a dividend on Thursday, September 15th. Shareholders of record on Monday, September 26th will be given a dividend of 0.07 per share on Friday, September 30th. The ex-dividend date of this dividend is Thursday, September 22nd.

A number of research firms have weighed in on CBI. MKM Partners lowered their price target on Chicago Bridge & Iron Co. from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Sunday, July 24th. Credit Suisse Group AG restated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Saturday, June 4th. Standpoint Research restated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, July 27th. Vetr upgraded Chicago Bridge & Iron Co. from a “hold” rating to a “buy” rating and set a $40.20 price target on the stock in a research report on Monday, July 25th. Finally, Zacks Investment Research downgraded Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research report on Monday, August 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.52.

Shares of Chicago Bridge & Iron Co. (NYSE:CBI) opened at 26.78 on Wednesday. The company’s market capitalization is $2.76 billion. The company has a 50 day moving average price of $31.22 and a 200 day moving average price of $35.37. Chicago Bridge & Iron Co. has a 1-year low of $26.77 and a 1-year high of $46.39.

Chicago Bridge & Iron Co. (NYSE:CBI) last issued its earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.21 by $0.04. The firm earned $2.70 billion during the quarter, compared to the consensus estimate of $2.82 billion. Chicago Bridge & Iron Co. had a positive return on equity of 24.66% and a negative net margin of 4.81%. The company’s quarterly revenue was down 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.55 EPS. Equities analysts predict that Chicago Bridge & Iron Co. will post $4.75 EPS for the current fiscal year.

In other Chicago Bridge & Iron Co. news, insider Patrick K. Mullen sold 18,567 shares of the business’s stock in a transaction on Monday, September 12th. The shares were sold at an average price of $28.99, for a total value of $538,257.33. Following the sale, the insider now owns 86,655 shares in the company, valued at approximately $2,512,128.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Patrick K. Mullen sold 11,985 shares of the business’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $36.65, for a total transaction of $439,250.25. Following the completion of the sale, the executive vice president now owns 105,222 shares in the company, valued at approximately $3,856,386.30. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Cedar Wealth Management LLC boosted its stake in shares of Chicago Bridge & Iron Co. by 66.0% in the second quarter. Cedar Wealth Management LLC now owns 3,570 shares of the company’s stock valued at $124,000 after buying an additional 1,420 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new stake in shares of Chicago Bridge & Iron Co. during the second quarter valued at approximately $143,000. Stratos Wealth Partners LTD. bought a new stake in shares of Chicago Bridge & Iron Co. during the second quarter valued at approximately $206,000. Laurion Capital Management LP bought a new stake in shares of Chicago Bridge & Iron Co. during the second quarter valued at approximately $211,000. Finally, Franklin Resources Inc. bought a new stake in shares of Chicago Bridge & Iron Co. during the second quarter valued at approximately $303,000. Institutional investors and hedge funds own 65.94% of the company’s stock.

Chicago Bridge & Iron Co. Company Profile

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

5 Day Chart for NYSE:CBI

Receive News & Ratings for Chicago Bridge & Iron Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicago Bridge & Iron Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.