Shares of Continental Building Products, Inc. (NYSE:CBPX) have received a consensus rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $27.67.

A number of brokerages recently issued reports on CBPX. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, August 7th. BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $30.00 price target on shares of Continental Building Products in a report on Monday, October 2nd.

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Continental Building Products (NYSE CBPX) traded up 0.19% during mid-day trading on Friday, hitting $26.85. 206,320 shares of the stock were exchanged. The company has a 50 day moving average of $25.59 and a 200 day moving average of $23.94. Continental Building Products has a 12-month low of $18.35 and a 12-month high of $27.00. The firm has a market cap of $1.03 billion, a P/E ratio of 24.70 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.03). The business had revenue of $120.60 million during the quarter, compared to analyst estimates of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.31 earnings per share. On average, equities analysts anticipate that Continental Building Products will post $1.29 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC acquired a new position in Continental Building Products in the second quarter valued at approximately $712,000. Westwood Holdings Group Inc. boosted its holdings in shares of Continental Building Products by 50.4% in the second quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock valued at $19,408,000 after acquiring an additional 279,193 shares during the period. Rockshelter Capital Management LLC boosted its holdings in shares of Continental Building Products by 0.4% in the second quarter. Rockshelter Capital Management LLC now owns 582,922 shares of the construction company’s stock valued at $13,582,000 after acquiring an additional 2,175 shares during the period. Susquehanna International Group LLP boosted its holdings in shares of Continental Building Products by 75.6% in the second quarter. Susquehanna International Group LLP now owns 76,079 shares of the construction company’s stock valued at $1,773,000 after acquiring an additional 32,744 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Continental Building Products by 0.9% in the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock valued at $1,632,000 after acquiring an additional 654 shares during the period. 98.95% of the stock is owned by hedge funds and other institutional investors.

About Continental Building Products

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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