California Public Employees Retirement System Purchases 22,033 Shares of Continental Building Products Inc (NYSE:CBPX)

California Public Employees Retirement System raised its stake in Continental Building Products Inc (NYSE:CBPX) by 34.6% in the first quarter, HoldingsChannel reports. The firm owned 85,724 shares of the construction company’s stock after acquiring an additional 22,033 shares during the quarter. California Public Employees Retirement System’s holdings in Continental Building Products were worth $2,125,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Ellis Investment Partners LLC bought a new stake in shares of Continental Building Products during the 1st quarter valued at about $55,000. Pearl River Capital LLC purchased a new stake in Continental Building Products during the first quarter valued at about $60,000. NumerixS Investment Technologies Inc increased its holdings in shares of Continental Building Products by 20.7% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,466 shares of the construction company’s stock worth $113,000 after buying an additional 766 shares during the period. Quantamental Technologies LLC grew its stake in shares of Continental Building Products by 25.4% in the first quarter. Quantamental Technologies LLC now owns 5,868 shares of the construction company’s stock worth $145,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Continental Building Products by 16.6% in the fourth quarter. Legal & General Group Plc now owns 6,703 shares of the construction company’s stock worth $171,000 after purchasing an additional 953 shares during the last quarter.

Shares of Continental Building Products stock opened at $24.01 on Wednesday. The firm has a market capitalization of $833.64 million, a PE ratio of 11.89, a P/E/G ratio of 2.45 and a beta of 1.38. The company has a quick ratio of 3.53, a current ratio of 4.40 and a debt-to-equity ratio of 0.77. Continental Building Products Inc has a 12-month low of $22.35 and a 12-month high of $39.60.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.08. Continental Building Products had a net margin of 14.35% and a return on equity of 22.48%. The firm had revenue of $122.03 million for the quarter, compared to analysts’ expectations of $116.07 million. During the same period in the prior year, the company earned $0.36 EPS. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts expect that Continental Building Products Inc will post 1.96 earnings per share for the current year.

Several research firms have recently issued reports on CBPX. ValuEngine lowered shares of Continental Building Products from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Continental Building Products in a report on Monday, May 6th. Royal Bank of Canada set a $27.00 price objective on shares of Continental Building Products and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $31.89.

In other news, CFO Dennis Charles Schemm sold 1,569 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.43, for a total transaction of $39,899.67. Following the completion of the transaction, the chief financial officer now owns 56,157 shares of the company’s stock, valued at $1,428,072.51. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.78% of the stock is currently owned by insiders.

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Continental Building Products Profile

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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

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