Shares of Continental Building Products Inc (NYSE:CBPX) have been given a consensus recommendation of “Buy” by the eleven research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.89.

Several brokerages have recently commented on CBPX. Barclays boosted their price objective on Continental Building Products from $33.00 to $39.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Citigroup boosted their price objective on Continental Building Products from $31.00 to $33.00 and gave the company a “$32.10” rating in a research report on Monday, July 23rd. ValuEngine downgraded Continental Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Stephens set a $41.00 price objective on Continental Building Products and gave the company a “hold” rating in a research report on Tuesday, August 7th. Finally, Raymond James upgraded Continental Building Products from a “market perform” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Monday, August 6th.

NYSE:CBPX traded up $0.40 during mid-day trading on Friday, hitting $39.25. 3,405 shares of the company traded hands, compared to its average volume of 395,026. Continental Building Products has a one year low of $21.40 and a one year high of $39.15. The company has a debt-to-equity ratio of 0.79, a quick ratio of 3.21 and a current ratio of 3.86. The firm has a market capitalization of $1.44 billion, a PE ratio of 29.14, a P/E/G ratio of 0.65 and a beta of 1.12.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.15. Continental Building Products had a return on equity of 19.57% and a net margin of 14.04%. The business had revenue of $139.27 million during the quarter, compared to analyst estimates of $130.37 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. Continental Building Products’s revenue for the quarter was up 15.5% on a year-over-year basis. equities analysts forecast that Continental Building Products will post 2 earnings per share for the current fiscal year.

In related news, VP David Bruce Briggs sold 3,350 shares of the business’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $31.35, for a total value of $105,022.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Dennis Romps sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total value of $362,000.00. Following the completion of the sale, the senior vice president now owns 31,265 shares in the company, valued at $1,131,793. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in shares of Continental Building Products by 314.3% in the first quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock worth $128,000 after buying an additional 3,413 shares in the last quarter. Financial Enhancement Group LLC purchased a new stake in shares of Continental Building Products in the second quarter worth about $201,000. Meeder Asset Management Inc. lifted its position in shares of Continental Building Products by 83.8% in the second quarter. Meeder Asset Management Inc. now owns 6,829 shares of the construction company’s stock worth $215,000 after buying an additional 3,113 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Continental Building Products by 77.2% in the first quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after buying an additional 3,206 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Continental Building Products by 108.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,294 shares of the construction company’s stock worth $237,000 after buying an additional 4,311 shares in the last quarter.

Continental Building Products Company Profile

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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Analyst Recommendations for Continental Building Products (NYSE:CBPX)

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