The Manufacturers Life Insurance Company raised its position in Continental Building Products, Inc. (NYSE:CBPX) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,318 shares of the construction company’s stock after buying an additional 3,245 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Continental Building Products worth $706,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bessemer Group Inc. acquired a new position in Continental Building Products in the 2nd quarter valued at $100,000. BNP Paribas Arbitrage SA grew its holdings in Continental Building Products by 128.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,645 shares of the construction company’s stock valued at $132,000 after buying an additional 3,179 shares in the last quarter. First Mercantile Trust Co. grew its holdings in Continental Building Products by 1.8% in the 2nd quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Continental Building Products in the 1st quarter valued at $221,000. Finally, KCG Holdings Inc. acquired a new position in Continental Building Products in the 1st quarter valued at $223,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Continental Building Products, Inc. (CBPX) opened at $26.95 on Friday. The stock has a market capitalization of $1,016.42, a price-to-earnings ratio of 21.73 and a beta of 1.28. Continental Building Products, Inc. has a 1-year low of $21.00 and a 1-year high of $27.95. The company has a current ratio of 3.11, a quick ratio of 2.46 and a debt-to-equity ratio of 0.88.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. The company had revenue of $116.50 million for the quarter, compared to analyst estimates of $121.08 million. Continental Building Products had a return on equity of 15.80% and a net margin of 10.13%. Continental Building Products’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.25 EPS. research analysts anticipate that Continental Building Products, Inc. will post 1.25 earnings per share for the current year.

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A number of research analysts have commented on CBPX shares. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a report on Monday, October 2nd. BidaskClub raised Continental Building Products from a “sell” rating to a “hold” rating in a report on Saturday, September 2nd. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Monday, August 7th. Barclays PLC increased their target price on Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a report on Friday, November 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $30.00 target price on shares of Continental Building Products in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $28.25.

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

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