Thrivent Financial For Lutherans increased its stake in Continental Building Products, Inc. (NYSE:CBPX) by 324.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 345,112 shares of the construction company’s stock after purchasing an additional 263,842 shares during the quarter. Thrivent Financial For Lutherans owned approximately 0.88% of Continental Building Products worth $8,041,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new stake in Continental Building Products in the 2nd quarter worth approximately $100,000. BNP Paribas Arbitrage SA increased its position 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 worth $132,000 after buying an additional 3,179 shares during the period. First Mercantile Trust Co. increased its position 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 worth $145,000 after buying an additional 110 shares during the period. SG Americas Securities LLC increased its position in Continental Building Products by 26.7% in the 1st quarter. SG Americas Securities LLC now owns 8,340 shares of the construction company’s stock worth $204,000 after buying an additional 1,759 shares during the period. Finally, Legal & General Group Plc increased its position in Continental Building Products by 9.5% in the 2nd quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock worth $216,000 after buying an additional 802 shares during the period.

Several research analysts have commented on CBPX shares. Zacks Investment Research raised Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Monday, July 3rd. BidaskClub raised Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $28.00 price target on shares of Continental Building Products in a research report on Monday, June 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Continental Building Products presently has a consensus rating of “Hold” and a consensus price target of $26.33.

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Continental Building Products, Inc. (CBPX) opened at 25.40 on Friday. The company has a market capitalization of $975.87 million, a P/E ratio of 23.37 and a beta of 1.26. The firm has a 50-day moving average price of $23.00 and a 200 day moving average price of $23.80. Continental Building Products, Inc. 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 the Zacks’ consensus estimate 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 business had revenue of $120.60 million during the quarter, compared to analyst estimates of $127.60 million. During the same period in the previous year, the business earned $0.31 earnings per share. The business’s quarterly revenue was up 3.0% on a year-over-year basis. Analysts expect that Continental Building Products, Inc. will post $1.30 EPS for the current year.

Continental Building Products Company Profile

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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