Chicago Bridge & Iron Co. (NYSE:CBI) had its target price decreased by Macquarie from $25.00 to $20.00 in a research note published on Thursday morning. Macquarie currently has an underperform rating on the stock.

Other research analysts also recently issued research reports about the stock. MKM Partners reaffirmed a buy rating and issued a $45.00 target price on shares of Chicago Bridge & Iron Co. in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed a buy rating on shares of Chicago Bridge & Iron Co. in a report on Saturday, June 4th. Vetr raised shares of Chicago Bridge & Iron Co. from a hold rating to a buy rating and set a $40.20 target price for the company in a report on Monday, July 25th. Standpoint Research reaffirmed a buy rating on shares of Chicago Bridge & Iron Co. in a report on Wednesday, July 27th. Finally, Citigroup Inc. downgraded shares of Chicago Bridge & Iron Co. from a buy rating to a neutral rating and dropped their target price for the stock from $48.00 to $38.00 in a report on Monday, July 25th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Chicago Bridge & Iron Co. currently has a consensus rating of Buy and a consensus target price of $43.52.

Chicago Bridge & Iron Co. (NYSE:CBI) opened at 27.34 on Thursday. The stock’s 50 day moving average price is $31.42 and its 200-day moving average price is $35.44. The company’s market capitalization is $2.82 billion. Chicago Bridge & Iron Co. has a 52 week low of $27.22 and a 52 week high of $46.39.

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

The company also recently announced a dividend, which will be paid on Friday, September 30th. Investors of record on Monday, September 26th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, September 22nd. Chicago Bridge & Iron Co.’s payout ratio is -5.12%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Torray LLC boosted its position in Chicago Bridge & Iron Co. by 31.8% in the first quarter. Torray LLC now owns 239,050 shares of the company’s stock worth $8,747,000 after buying an additional 57,720 shares in the last quarter. IFP Advisors Inc boosted its position in Chicago Bridge & Iron Co. by 1.0% in the first quarter. IFP Advisors Inc now owns 9,991 shares of the company’s stock worth $366,000 after buying an additional 98 shares in the last quarter. Compton Capital Management Inc. RI boosted its position in Chicago Bridge & Iron Co. by 0.9% in the first quarter. Compton Capital Management Inc. RI now owns 11,085 shares of the company’s stock worth $406,000 after buying an additional 100 shares in the last quarter. Commonwealth Equity Services Inc boosted its position in Chicago Bridge & Iron Co. by 1.1% in the first quarter. Commonwealth Equity Services Inc now owns 21,376 shares of the company’s stock worth $782,000 after buying an additional 239 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Chicago Bridge & Iron Co. by 16,907.0% in the first quarter. Glenmede Trust Co. NA now owns 94,559 shares of the company’s stock worth $3,459,000 after buying an additional 94,003 shares in the last quarter. 66.02% of the stock is owned by institutional investors and hedge funds.

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

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