SunTrust Banks, Inc. reissued their buy rating on shares of Continental Building Products, Inc. (NYSE:CBPX) in a report released on Monday. The firm currently has a $30.00 price objective on the construction company’s stock.

CBPX has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Continental Building Products from a hold rating to a buy rating and set a $26.00 price objective on the stock in a research report on Monday, July 3rd. BidaskClub upgraded shares of Continental Building Products from a sell rating to a hold rating in a research report on Saturday, September 2nd. Finally, Royal Bank Of Canada restated a buy rating and issued a $28.00 price objective on shares of Continental Building Products in a research report on Monday, June 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $27.25.

Shares of Continental Building Products (NYSE:CBPX) opened at 26.35 on Monday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 24.24 and a beta of 1.28. The company has a 50-day moving average price of $24.31 and a 200-day moving average price of $23.82. Continental Building Products has a 12-month low of $18.35 and a 12-month high of $26.53.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The firm had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $127.60 million. During the same quarter in the previous year, the firm posted $0.31 EPS. Continental Building Products’s revenue was up 3.0% compared to the same quarter last year. Equities analysts predict that Continental Building Products will post $1.30 EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in CBPX. Vanguard Group Inc. boosted its stake in shares of Continental Building Products by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,224,374 shares of the construction company’s stock valued at $98,427,000 after purchasing an additional 81,728 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Continental Building Products by 31.3% during the 2nd quarter. Macquarie Group Ltd. now owns 1,917,771 shares of the construction company’s stock valued at $44,684,000 after purchasing an additional 456,769 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Continental Building Products by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,445,842 shares of the construction company’s stock valued at $33,688,000 after purchasing an additional 51,644 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Continental Building Products by 27.1% during the 2nd quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock valued at $29,860,000 after purchasing an additional 273,192 shares in the last quarter. Finally, Copper Rock Capital Partners LLC boosted its stake in shares of Continental Building Products by 12.6% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,071,594 shares of the construction company’s stock valued at $24,754,000 after purchasing an additional 119,618 shares in the last quarter.

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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