Shares of Chicago Bridge & Iron Co. (NYSE:CBI) fell 7.9% on Friday . The stock traded as low as $35.57 and last traded at $35.67, with a volume of 2,786,050 shares changing hands. The stock had previously closed at $38.75.

Several brokerages have recently weighed in on CBI. Robert W. Baird downgraded Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $40.00 in a research note on Friday. Credit Suisse Group AG restated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research note on Saturday, June 4th. Deutsche Bank AG restated a “buy” rating and set a $45.00 target price (up from $41.00) on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, April 6th. MKM Partners restated a “buy” rating and set a $45.00 target price on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, June 29th. Finally, Vetr downgraded Chicago Bridge & Iron Co. from a “strong-buy” rating to a “hold” rating and set a $40.30 target price for the company. in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Chicago Bridge & Iron Co. presently has a consensus rating of “Buy” and a consensus target price of $47.19.

The company’s market capitalization is $3.79 billion. The company’s 50-day moving average price is $36.65 and its 200 day moving average price is $36.44.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Monday, June 20th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, June 16th.

In related news, EVP Beth A. Bailey sold 2,701 shares of Chicago Bridge & Iron Co. stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $38.00, for a total value of $102,638.00. Following the completion of the sale, the executive vice president now owns 143,304 shares of the company’s stock, valued at approximately $5,445,552. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Patrick K. Mullen sold 11,985 shares of Chicago Bridge & Iron Co. stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $36.65, for a total transaction of $439,250.25. Following the completion of the sale, the executive vice president now directly owns 105,222 shares of the company’s stock, valued at approximately $3,856,386.30. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in Chicago Bridge & Iron Co. by 1.1% in the fourth quarter. Rhumbline Advisers now owns 62,934 shares of the company’s stock worth $2,454,000 after buying an additional 682 shares in the last quarter. Gulf International Bank UK Ltd raised its position in Chicago Bridge & Iron Co. by 8.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 30,920 shares of the company’s stock worth $1,206,000 after buying an additional 2,300 shares in the last quarter. New York State Common Retirement Fund raised its position in Chicago Bridge & Iron Co. by 1.1% in the fourth quarter. New York State Common Retirement Fund now owns 233,779 shares of the company’s stock worth $9,115,000 after buying an additional 2,500 shares in the last quarter. Sandhill Capital Partners LLC raised its position in Chicago Bridge & Iron Co. by 1.5% in the fourth quarter. Sandhill Capital Partners LLC now owns 335,987 shares of the company’s stock worth $13,100,000 after buying an additional 4,957 shares in the last quarter. Finally, SFE Investment Counsel raised its position in Chicago Bridge & Iron Co. by 8.7% in the fourth quarter. SFE Investment Counsel now owns 137,715 shares of the company’s stock worth $5,370,000 after buying an additional 11,010 shares in the last quarter.

Chicago Bridge & Iron Company N.V. (CB&I) provides a range of services to customers in the energy infrastructure market across the world. The Company provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services.

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