Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in Continental Building Products Inc (NYSE:CBPX) by 258.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 41,200 shares of the construction company’s stock after acquiring an additional 29,700 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned 0.11% of Continental Building Products worth $1,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake in shares of Continental Building Products by 314.3% during the 1st quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock valued at $128,000 after buying an additional 3,413 shares during the period. Financial Enhancement Group LLC purchased a new stake in shares of Continental Building Products during the 2nd quarter valued at $201,000. SG Americas Securities LLC grew its stake in shares of Continental Building Products by 77.2% during the 1st quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock valued at $210,000 after buying an additional 3,206 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Continental Building Products by 83.8% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,829 shares of the construction company’s stock valued at $215,000 after buying an additional 3,113 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Continental Building Products by 108.2% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,294 shares of the construction company’s stock valued at $237,000 after buying an additional 4,311 shares during the period. Institutional investors own 97.83% of the company’s stock.

Shares of Continental Building Products stock opened at $37.85 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.86 and a quick ratio of 3.21. Continental Building Products Inc has a twelve month low of $25.00 and a twelve month high of $39.60. The firm has a market cap of $1.40 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 0.62 and a beta of 1.19.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.15. Continental Building Products had a net margin of 14.04% and a return on equity of 19.57%. The firm had revenue of $139.27 million during the quarter, compared to analysts’ expectations of $130.37 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. sell-side analysts expect that Continental Building Products Inc will post 2.03 earnings per share for the current year.

In related news, SVP Dennis Romps sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $36.20, for a total transaction of $362,000.00. Following the completion of the sale, the senior vice president now directly owns 31,265 shares of the company’s stock, valued at approximately $1,131,793. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Several brokerages have recently issued reports on CBPX. ValuEngine cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Deutsche Bank boosted their price objective on shares of Continental Building Products from $29.00 to $33.00 and gave the company a “hold” rating in a research note on Monday, June 25th. Stephens set a $41.00 price objective on shares of Continental Building Products and gave the company a “hold” rating in a research note on Tuesday, August 7th. Jefferies Financial Group reissued a “hold” rating and set a $35.00 price objective on shares of Continental Building Products in a research note on Friday, August 3rd. Finally, SunTrust Banks reissued a “hold” rating and set a $31.00 price objective on shares of Continental Building Products in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $35.89.

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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