Deroy & Devereaux Private Investment Counsel Inc. Acquires New Position in Chicago Bridge & Iron Company N.V. (NYSE:CBI)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 13,500 shares of the construction company’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson & Doremus Investment Management increased its position in shares of Chicago Bridge & Iron Company N.V. by 14.8% in the second quarter. Hanson & Doremus Investment Management now owns 5,050 shares of the construction company’s stock worth $100,000 after buying an additional 650 shares during the period. Clearbridge Investments LLC increased its position in shares of Chicago Bridge & Iron Company N.V. by 8.5% in the first quarter. Clearbridge Investments LLC now owns 3,820 shares of the construction company’s stock worth $117,000 after buying an additional 300 shares during the period. Brick & Kyle Associates increased its position in shares of Chicago Bridge & Iron Company N.V. by 14.5% in the first quarter. Brick & Kyle Associates now owns 3,950 shares of the construction company’s stock worth $121,000 after buying an additional 500 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of Chicago Bridge & Iron Company N.V. by 136.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 5,231 shares of the construction company’s stock worth $160,000 after buying an additional 3,021 shares during the period. Finally, Prospera Financial Services Inc acquired a new position in shares of Chicago Bridge & Iron Company N.V. during the second quarter worth about $184,000. Hedge funds and other institutional investors own 67.19% of the company’s stock.

Chicago Bridge & Iron Company N.V. (NYSE CBI) traded down 1.42% during mid-day trading on Friday, hitting $11.80. The company’s stock had a trading volume of 11,285,216 shares. The company’s 50 day moving average is $17.53 and its 200-day moving average is $25.08. The stock’s market cap is $1.19 billion. Chicago Bridge & Iron Company N.V. has a 52-week low of $10.54 and a 52-week high of $36.56.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, August 9th. The construction company reported ($2.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $3.81. Chicago Bridge & Iron Company N.V. had a negative net margin of 10.54% and a negative return on equity of 3.92%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $2.49 billion. During the same quarter in the previous year, the firm earned $1.17 earnings per share. Chicago Bridge & Iron Company N.V.’s revenue was down 40.6% on a year-over-year basis. On average, equities analysts predict that Chicago Bridge & Iron Company N.V. will post $0.79 EPS for the current fiscal year.

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CBI has been the topic of a number of recent research reports. UBS AG reaffirmed a “buy” rating and set a $21.00 price target (down previously from $32.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Wednesday, May 24th. Deutsche Bank AG upped their price target on Chicago Bridge & Iron Company N.V. from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, May 22nd. MKM Partners reaffirmed a “buy” rating and set a $34.00 price target (down previously from $41.00) on shares of Chicago Bridge & Iron Company N.V. in a research report on Friday, May 19th. Credit Suisse Group set a $34.00 price target on Chicago Bridge & Iron Company N.V. and gave the company a “buy” rating in a research report on Wednesday, May 10th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 price target on shares of Chicago Bridge & Iron Company N.V. in a research report on Tuesday, May 9th. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.16.

Chicago Bridge & Iron Company N.V. Company Profile

Chicago Bridge & Iron Company N.V. provides services to customers in energy infrastructure market. The Company provides services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

Institutional Ownership by Quarter for Chicago Bridge & Iron Company N.V. (NYSE:CBI)

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