Chicago Bridge & Iron Co. (NYSE:CBI)’s share price fell 0.7% during trading on Monday . The company traded as low as $30.81 and last traded at $30.96, with a volume of 774,122 shares traded. The stock had previously closed at $31.17.

A number of brokerages recently commented on CBI. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a $35.00 target price on shares of Chicago Bridge & Iron Co. in a research note on Monday, August 1st. Zacks Investment Research downgraded shares of Chicago Bridge & Iron Co. from a “hold” rating to a “sell” rating in a research note on Monday, August 1st. Vetr upgraded shares of Chicago Bridge & Iron Co. from a “buy” rating to a “strong-buy” rating and set a $39.70 price objective for the company in a research note on Monday, August 1st. Standpoint Research restated a “buy” rating on shares of Chicago Bridge & Iron Co. in a research note on Wednesday, July 27th. Finally, MKM Partners decreased their price objective on shares of Chicago Bridge & Iron Co. from $46.00 to $42.00 and set a “buy” rating for the company in a research note on Sunday, July 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.48.

The stock’s 50-day moving average price is $34.64 and its 200 day moving average price is $35.96. The company’s market capitalization is $3.20 billion.

Chicago Bridge & Iron Co. (NYSE:CBI) last released 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 period in the prior year, the firm earned $1.55 earnings per share. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.82 billion. The business’s revenue was down 15.9% on a year-over-year basis. Equities analysts anticipate 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 shares were sold at an average price of $38.70, for a total value of $60,410.70. Following the completion of the sale, the chief accounting officer now owns 18,167 shares of the company’s stock, valued at approximately $703,062.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philip K. Asherman sold 248,500 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $32.96, for a total transaction of $8,190,560.00. Following the completion of the sale, the insider now directly owns 478,050 shares of the company’s stock, valued at approximately $15,756,528. 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 increased its stake in Chicago Bridge & Iron Co. (NYSE:CBI) by 61.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 86,758 shares of the company’s stock after buying an additional 32,954 shares during the period. BNP Paribas Arbitrage SA owned about 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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