Prudential Financial Inc. Trims Position in Continental Building Products, Inc. (CBPX)

Prudential Financial Inc. trimmed its holdings in shares of Continental Building Products, Inc. (NYSE:CBPX) by 38.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 785,772 shares of the construction company’s stock after selling 495,780 shares during the period. Prudential Financial Inc. owned about 2.05% of Continental Building Products worth $20,430,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CBPX. FMR LLC boosted its stake in Continental Building Products by 433.0% in the 2nd quarter. FMR LLC now owns 734,320 shares of the construction company’s stock worth $17,110,000 after purchasing an additional 596,547 shares during the period. Macquarie Group Ltd. boosted its stake in Continental Building Products by 31.3% in the 2nd quarter. Macquarie Group Ltd. now owns 1,917,771 shares of the construction company’s stock worth $44,684,000 after purchasing an additional 456,769 shares during the period. Westwood Holdings Group Inc. boosted its stake in Continental Building Products by 50.4% in the 2nd quarter. Westwood Holdings Group Inc. now owns 832,985 shares of the construction company’s stock worth $19,408,000 after purchasing an additional 279,193 shares during the period. Thrivent Financial For Lutherans boosted its stake in Continental Building Products by 324.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 345,112 shares of the construction company’s stock worth $8,041,000 after purchasing an additional 263,842 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Continental Building Products by 121.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 377,818 shares of the construction company’s stock worth $8,804,000 after purchasing an additional 207,347 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

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Shares of Continental Building Products, Inc. (NYSE:CBPX) opened at $26.95 on Friday. Continental Building Products, Inc. has a 12-month low of $21.00 and a 12-month high of $27.95. The company has a debt-to-equity ratio of 0.88, a current ratio of 3.11 and a quick ratio of 2.46. The stock has a market cap of $1,012.65, a P/E ratio of 21.65 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last released its earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The company had revenue of $116.50 million during the quarter, compared to the consensus estimate of $121.08 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 1.7% compared to the same quarter last year. equities analysts expect that Continental Building Products, Inc. will post 1.27 earnings per share for the current year.

A number of research firms recently commented on CBPX. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Continental Building Products in a research note on Wednesday. Zacks Investment Research upgraded shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays PLC increased their target price on shares of Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. BidaskClub upgraded shares of Continental Building Products from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Continental Building Products presently has a consensus rating of “Buy” and a consensus target price of $28.25.

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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