Metropolitan Life Insurance Co. NY held its position in shares of Continental Building Products, Inc. (NYSE:CBPX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,144 shares of the construction company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.06% of Continental Building Products worth $616,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Continental Building Products by 26.7% in the first 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 in the last quarter. Victory Capital Management Inc. boosted its position in shares of Continental Building Products by 30.1% in the first quarter. Victory Capital Management Inc. now owns 8,987 shares of the construction company’s stock worth $220,000 after buying an additional 2,079 shares in the last quarter. Principal Financial Group Inc. purchased a new position in shares of Continental Building Products during the first quarter worth $221,000. KCG Holdings Inc. bought a new position in Continental Building Products during the first quarter valued at about $223,000. Finally, Stevens Capital Management LP bought a new position in Continental Building Products during the first quarter valued at about $288,000. 98.42% of the stock is currently owned by institutional investors.
Continental Building Products, Inc. (CBPX) traded up 0.92% during trading on Friday, reaching $21.90. The company had a trading volume of 276,308 shares. The firm’s 50 day moving average is $22.14 and its 200 day moving average is $23.82. Continental Building Products, Inc. has a one year low of $18.35 and a one year high of $26.52. The company has a market capitalization of $841.40 million, a PE ratio of 20.15 and a beta of 1.28.
Continental Building Products (NYSE:CBPX) last issued 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. The company had revenue of $120.60 million for the quarter, compared to analysts’ expectations of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The company’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter last year, the company earned $0.31 earnings per share. On average, equities research analysts predict that Continental Building Products, Inc. will post $1.30 earnings per share for the current year.
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Several equities analysts recently issued reports on CBPX shares. Royal Bank Of Canada restated a “buy” rating on shares of Continental Building Products in a research report on Monday, May 15th. Zacks Investment Research upgraded 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, August 7th. Finally, BidaskClub upgraded Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $26.33.
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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