Shares of Chicago Bridge & Iron Co. (NYSE:CBI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $31.27 and last traded at $31.51, with a volume of 1,209,816 shares traded. The stock had previously closed at $31.70.

Several brokerages have recently issued reports on CBI. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $35.00 price target on shares of Chicago Bridge & Iron Co. in a research 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 research 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 research report on Monday, August 1st. Standpoint Research reissued a “buy” rating on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, July 27th. Finally, MKM Partners reduced 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 research report on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Chicago Bridge & Iron Co. currently has a consensus rating of “Buy” and an average target price of $45.48.

The stock has a 50-day moving average price of $34.79 and a 200 day moving average price of $35.93. The firm’s market cap is $3.22 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last issued its earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.04. The firm earned $2.70 billion during the quarter, compared to analyst estimates of $2.82 billion. During the same period in the prior year, the firm earned $1.55 EPS. The business’s revenue for the quarter was down 15.9% on a year-over-year basis. Equities research analysts predict that Chicago Bridge & Iron Co. will post $4.75 EPS for the current year.

In other news, CAO Westley S. Stockton sold 1,561 shares of the business’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $38.70, for a total transaction of $60,410.70. Following the completion of the sale, the chief accounting officer now owns 18,167 shares in the company, valued at approximately $703,062.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Philip K. Asherman sold 53,400 shares of the business’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $34.06, for a total value of $1,818,804.00. Following the sale, the insider now owns 743,250 shares of the company’s stock, valued at approximately $25,315,095. The disclosure for this sale can be found here.

An institutional investor recently raised its position in Chicago Bridge & Iron Co. stock. BNP Paribas Arbitrage SA raised its position in shares of Chicago Bridge & Iron Co. (NYSE:CBI) by 61.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,758 shares of the company’s stock after buying an additional 32,954 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.08% of Chicago Bridge & Iron Co. worth $3,383,000 at the end of the most recent 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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