Dalton Greiner Hartman Maher & Co. cut its stake in Continental Building Products Inc (NYSE:CBPX) by 81.8% during the first quarter, Holdings Channel reports. The fund owned 123,059 shares of the construction company’s stock after selling 554,633 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Continental Building Products were worth $3,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG increased its position in Continental Building Products by 60.4% during the fourth quarter. Deutsche Bank AG now owns 278,078 shares of the construction company’s stock worth $7,076,000 after buying an additional 104,678 shares during the last quarter. American Century Companies Inc. increased its position in Continental Building Products by 26.7% during the fourth quarter. American Century Companies Inc. now owns 259,417 shares of the construction company’s stock worth $6,602,000 after buying an additional 54,744 shares during the last quarter. Geode Capital Management LLC increased its position in Continental Building Products by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 396,432 shares of the construction company’s stock worth $10,088,000 after buying an additional 25,529 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Continental Building Products by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,520,732 shares of the construction company’s stock worth $38,703,000 after buying an additional 9,259 shares during the last quarter. Finally, APG Asset Management N.V. increased its position in Continental Building Products by 547.9% during the fourth quarter. APG Asset Management N.V. now owns 196,300 shares of the construction company’s stock worth $4,370,000 after buying an additional 166,000 shares during the last quarter.

CBPX stock opened at $25.37 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.09 and a quick ratio of 2.57. Continental Building Products Inc has a 52-week low of $23.09 and a 52-week high of $39.60. The stock has a market cap of $922.61 million, a price-to-earnings ratio of 12.56, a PEG ratio of 2.46 and a beta of 1.35.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, February 21st. The construction company reported $0.56 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.56. Continental Building Products had a net margin of 14.06% and a return on equity of 22.50%. The company had revenue of $140.76 million during the quarter, compared to analysts’ expectations of $138.07 million. As a group, equities analysts anticipate that Continental Building Products Inc will post 2.12 EPS for the current fiscal year.

In other Continental Building Products news, CFO Dennis Charles Schemm sold 1,569 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.43, for a total transaction of $39,899.67. Following the completion of the sale, the chief financial officer now directly owns 56,157 shares in the company, valued at $1,428,072.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.78% of the stock is owned by corporate insiders.

Several equities analysts have commented on CBPX shares. Barclays set a $35.00 target price on shares of Continental Building Products and gave the stock a “buy” rating in a research report on Wednesday, December 12th. ValuEngine upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, January 8th. Raymond James cut shares of Continental Building Products from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 23rd. Finally, Stephens restated a “hold” rating and set a $28.00 price target on shares of Continental Building Products in a report on Sunday, January 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. Continental Building Products has an average rating of “Hold” and an average price target of $32.50.

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

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