Continental Building Products, Inc. (CBPX) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Continental Building Products, Inc. (NYSE:CBPX) by 86.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,444 shares of the construction company’s stock after selling 187,118 shares during the period. Wells Fargo & Company MN owned 0.08% of Continental Building Products worth $745,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in shares of Continental Building Products by 4.5% in the fourth quarter. State Street Corp now owns 725,054 shares of the construction company’s stock worth $16,749,000 after buying an additional 31,227 shares during the period. Russell Investments Group Ltd. bought a new stake in Continental Building Products during the fourth quarter worth about $672,000. Norges Bank bought a new stake in Continental Building Products during the fourth quarter worth about $830,000. Dimensional Fund Advisors LP boosted its stake in Continental Building Products by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,403,609 shares of the construction company’s stock worth $32,424,000 after buying an additional 138,293 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Continental Building Products by 38.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 81,270 shares of the construction company’s stock worth $1,877,000 after buying an additional 22,410 shares in the last quarter. 97.65% of the stock is owned by institutional investors and hedge funds.

Continental Building Products, Inc. (CBPX) opened at 22.75 on Tuesday. Continental Building Products, Inc. has a 12 month low of $18.35 and a 12 month high of $26.52. The stock has a 50 day moving average of $24.21 and a 200-day moving average of $24.07. The firm has a market cap of $892.25 million, a P/E ratio of 20.89 and a beta of 1.31.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings results on Thursday, May 4th. The construction company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.06. Continental Building Products had a return on equity of 15.57% and a net margin of 9.30%. The company had revenue of $120.60 million for the quarter, compared to analyst estimates of $109.81 million. During the same quarter in the prior year, the firm posted $0.30 EPS. Continental Building Products’s quarterly revenue was up 8.2% compared to the same quarter last year. Equities research analysts predict that Continental Building Products, Inc. will post $1.36 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on CBPX shares. Royal Bank Of Canada restated a “buy” rating on shares of Continental Building Products in a research note on Monday, May 15th. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, July 3rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.20.

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.

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

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