Shares of Chicago Bridge & Iron Co. (NYSE:CBI) fell 2.3% during mid-day trading on Monday . The stock traded as low as $33.65 and last traded at $33.74, with a volume of 1,180,451 shares trading hands. The stock had previously closed at $34.52.

Several research firms recently issued reports on CBI. Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Chicago Bridge & Iron Co. in a report on Monday, August 1st. Zacks Investment Research cut shares of Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a report on Monday, August 1st. Vetr raised shares of Chicago Bridge & Iron Co. from a “buy” rating to a “strong-buy” rating and set a $39.70 price target on the stock in a report on Monday, August 1st. Standpoint Research reaffirmed a “buy” rating on shares of Chicago Bridge & Iron Co. in a report on Wednesday, July 27th. Finally, MKM Partners cut their price target on shares of Chicago Bridge & Iron Co. from $46.00 to $42.00 and set a “buy” rating on the stock in a report on Sunday, July 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.48.

The stock’s 50-day moving average price is $35.65 and its 200 day moving average price is $36.29. The company’s market capitalization is $3.47 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by $0.04. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.82 billion. The company’s revenue was down 15.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.55 EPS. Equities research analysts forecast that Chicago Bridge & Iron Co. will post $4.75 earnings per share for the current fiscal year.

In related news, CAO Westley S. Stockton sold 1,561 shares of the firm’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $38.70, for a total value of $60,410.70. Following the completion of the transaction, the chief accounting officer now directly owns 18,167 shares of the company’s stock, valued at $703,062.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Beth A. Bailey sold 2,701 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $38.00, for a total value of $102,638.00. Following the completion of the transaction, the executive vice president now directly owns 143,304 shares of the company’s stock, valued at $5,445,552. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently modified their holdings of CBI. Rhumbline Advisers boosted its position 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 valued at $2,454,000 after buying an additional 682 shares during the period. New York State Common Retirement Fund boosted 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 period. Mizuho Trust & Banking Co. Ltd. boosted 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 period. Gulf International Bank UK Ltd boosted 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 period. Finally, Wells Fargo & Company MN boosted its position in shares of Chicago Bridge & Iron Co. by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 884,209 shares of the company’s stock valued at $34,476,000 after buying an additional 161,685 shares during the period.

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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