JPMorgan Chase & Co. grew its position in Continental Building Products Inc (NYSE:CBPX) by 5.5% in the third quarter, Holdings Channel reports. The fund owned 604,246 shares of the construction company’s stock after buying an additional 31,328 shares during the quarter. JPMorgan Chase & Co.’s holdings in Continental Building Products were worth $22,689,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Northern Trust Corp grew its stake in shares of Continental Building Products by 1.3% during the second quarter. Northern Trust Corp now owns 452,514 shares of the construction company’s stock worth $14,277,000 after acquiring an additional 5,910 shares during the last quarter. United Services Automobile Association purchased a new stake in shares of Continental Building Products during the second quarter worth about $200,000. MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Continental Building Products during the third quarter worth about $12,466,000. Calamos Advisors LLC purchased a new stake in shares of Continental Building Products during the third quarter worth about $404,000. Finally, First Quadrant L P CA grew its stake in shares of Continental Building Products by 24.8% during the third quarter. First Quadrant L P CA now owns 117,328 shares of the construction company’s stock worth $4,406,000 after acquiring an additional 23,287 shares during the last quarter. Institutional investors own 98.17% of the company’s stock.

In other news, Director Edward M. Bosowski bought 1,500 shares of the company’s stock in a transaction that occurred on Friday, November 16th. The shares were purchased at an average price of $29.28 per share, for a total transaction of $43,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on CBPX shares. Zacks Investment Research lowered Continental Building Products from a “buy” rating to a “sell” rating in a research note on Wednesday, January 9th. Stephens set a $32.00 target price on Continental Building Products and gave the company a “hold” rating in a research report on Tuesday, November 13th. Citigroup dropped their target price on Continental Building Products from $36.00 to $33.00 and set a “hold” rating on the stock in a research report on Monday, November 12th. ValuEngine upgraded Continental Building Products from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, Barclays set a $35.00 target price on Continental Building Products and gave the company a “buy” rating in a research report on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.50.

Shares of NYSE CBPX opened at $26.48 on Friday. The company has a market capitalization of $978.47 million, a P/E ratio of 19.91, a PEG ratio of 1.34 and a beta of 1.35. Continental Building Products Inc has a 52 week low of $24.11 and a 52 week high of $39.60. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.32 and a current ratio of 4.01.

Continental Building Products (NYSE:CBPX) last issued its earnings results on Thursday, November 8th. The construction company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. The firm had revenue of $131.20 million for the quarter, compared to analyst estimates of $124.65 million. Continental Building Products had a return on equity of 21.14% and a net margin of 15.10%. Continental Building Products’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. Sell-side analysts predict that Continental Building Products Inc will post 2.04 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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