Chicago Bridge & Iron Co. (NYSE:CBI)’s share price was down 2% during mid-day trading on Friday . The company traded as low as $33.35 and last traded at $33.73, with a volume of 1,678,618 shares traded. The stock had previously closed at $34.41.

A number of equities analysts have issued reports on CBI shares. Deutsche Bank AG reissued a “buy” rating and set a $45.00 price target (up from $41.00) on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, April 6th. Zacks Investment Research lowered shares of Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, April 12th. Robert W. Baird reissued a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Monday, April 18th. JPMorgan Chase & Co. reduced their price target on shares of Chicago Bridge & Iron Co. from $52.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 21st. Finally, Johnson Rice raised shares of Chicago Bridge & Iron Co. from an “accumulate” rating to a “buy” rating and raised their price target for the stock from $55.00 to $60.00 in a research report on Monday, May 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. Chicago Bridge & Iron Co. currently has a consensus rating of “Buy” and an average price target of $45.93.

The company’s market cap is $3.56 billion. The stock’s 50 day moving average is $36.09 and its 200 day moving average is $36.32.

Chicago Bridge & Iron Co. (NYSE:CBI) last posted its earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.04. During the same quarter last year, the business earned $1.55 earnings per share. The business earned $2.70 billion during the quarter, compared to the consensus estimate of $2.82 billion. The business’s revenue was down 15.9% compared to the same quarter last year. Equities research analysts predict that Chicago Bridge & Iron Co. will post $4.82 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 20th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Thursday, June 16th.

In other Chicago Bridge & Iron Co. news, EVP Beth A. Bailey sold 2,701 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $38.00, for a total transaction of $102,638.00. Following the completion of the sale, the executive vice president now owns 143,304 shares in the company, valued at approximately $5,445,552. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Patrick K. Mullen sold 11,985 shares of the firm’s stock in a transaction that occurred on Thursday, June 23rd. The shares were sold at an average price of $36.65, for a total value of $439,250.25. Following the sale, the executive vice president now 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.

Other large investors have modified their holdings of the company. Rhumbline Advisers raised its stake in shares of 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 during the period. New York State Common Retirement Fund raised its position in shares of 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 valued at $9,115,000 after buying an additional 2,500 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of Chicago Bridge & Iron Co. by 47.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 64,617 shares of the company’s stock valued at $2,519,000 after buying an additional 20,708 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in shares of Chicago Bridge & Iron Co. by 13.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 155,785 shares of the company’s stock valued at $6,177,000 after buying an additional 19,051 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its position in shares of 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 valued at $1,206,000 after buying an additional 2,300 shares during 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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