Legal & General Group Plc reduced its position in shares of Continental Building Products, Inc. (NYSE:CBPX) by 1.8% during the first quarter, Holdings Channel reports. The firm owned 8,477 shares of the construction company’s stock after selling 153 shares during the period. Legal & General Group Plc’s holdings in Continental Building Products were worth $208,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Norges Bank acquired a new stake in Continental Building Products during the fourth quarter worth approximately $830,000. Alliancebernstein L.P. increased its stake in Continental Building Products by 177.9% in the first quarter. Alliancebernstein L.P. now owns 106,450 shares of the construction company’s stock worth $2,608,000 after buying an additional 68,150 shares during the period. Spark Investment Management LLC increased its stake in Continental Building Products by 19.7% in the first quarter. Spark Investment Management LLC now owns 160,100 shares of the construction company’s stock worth $3,922,000 after buying an additional 26,300 shares during the period. Engineers Gate Manager LP increased its stake in Continental Building Products by 43.8% in the first quarter. Engineers Gate Manager LP now owns 36,969 shares of the construction company’s stock worth $906,000 after buying an additional 11,268 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Continental Building Products during the first quarter worth approximately $317,000. 95.58% of the stock is owned by institutional investors.

Shares of Continental Building Products, Inc. (CBPX) traded up 0.92% on Friday, hitting $22.00. The stock had a trading volume of 402,921 shares. The firm has a market cap of $845.24 million, a P/E ratio of 20.24 and a beta of 1.28. Continental Building Products, Inc. has a 12-month low of $18.35 and a 12-month high of $26.53. The company’s 50-day moving average price is $22.38 and its 200 day moving average price is $23.88.

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. Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $127.60 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Continental Building Products, Inc. will post $1.30 earnings per share for the current fiscal year.

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CBPX has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Continental Building Products from a “hold” rating to a “sell” rating in a report on Wednesday, April 26th. Royal Bank Of Canada reissued a “buy” rating on shares of Continental Building Products in a report on Monday, May 15th. Finally, BidaskClub raised Continental Building Products from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.33.

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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