Shares of Chicago Bridge & Iron Co. (NYSE:CBI) hit a new 52-week low on Monday . The stock traded as low as $27.22 and last traded at $27.33, with a volume of 1,036,594 shares trading hands. The stock had previously closed at $27.42.

Several analysts have recently weighed in on CBI shares. Robert W. Baird lowered Chicago Bridge & Iron Co. from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $40.00 in a report on Friday, July 22nd. Johnson Rice lowered Chicago Bridge & Iron Co. from a “buy” rating to a “hold” rating in a research report on Wednesday. MKM Partners reaffirmed a “buy” rating and set a $45.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Wednesday, June 29th. Vetr lowered Chicago Bridge & Iron Co. from a “strong-buy” rating to a “hold” rating and set a $40.30 target price on the stock. in a research report on Wednesday, July 20th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a $35.00 target price on shares of Chicago Bridge & Iron Co. in a research report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $43.52.

The stock’s market cap is $2.73 billion. The company’s 50-day moving average price is $31.22 and its 200 day moving average price is $35.37.

Chicago Bridge & Iron Co. (NYSE:CBI) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.04. Chicago Bridge & Iron Co. had a positive return on equity of 24.66% and a negative net margin of 4.81%. The company earned $2.70 billion during the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The firm’s revenue for the quarter was down 15.9% on a year-over-year basis. Analysts forecast that Chicago Bridge & Iron Co. will post $4.75 EPS for the current fiscal year.

The business also recently declared a dividend, which will be paid on Friday, September 30th. Stockholders of record on Monday, September 26th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, September 22nd. Chicago Bridge & Iron Co.’s dividend payout ratio is currently -5.12%.

In related news, insider Patrick K. Mullen sold 18,567 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $28.99, for a total transaction of $538,257.33. Following the sale, the insider now owns 86,655 shares of the company’s stock, valued at approximately $2,512,128.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick K. Mullen sold 11,985 shares of the firm’s stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $36.65, for a total value of $439,250.25. Following the sale, the executive vice president now directly owns 105,222 shares in the company, valued at approximately $3,856,386.30. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Chicago Bridge & Iron Co. during the fourth quarter valued at approximately $37,225,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in shares of Chicago Bridge & Iron Co. by 8.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,063 shares of the company’s stock valued at $1,100,000 after buying an additional 2,382 shares during the last quarter. Raymond James Trust N.A. increased its stake in shares of Chicago Bridge & Iron Co. by 17.6% in the first quarter. Raymond James Trust N.A. now owns 7,378 shares of the company’s stock valued at $270,000 after buying an additional 1,103 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of Chicago Bridge & Iron Co. by 2.0% in the first quarter. OLD National Bancorp IN now owns 7,941 shares of the company’s stock valued at $291,000 after buying an additional 153 shares during the last quarter. Finally, PGGM Investments increased its stake in shares of Chicago Bridge & Iron Co. by 2.5% in the first quarter. PGGM Investments now owns 71,498 shares of the company’s stock valued at $2,616,000 after buying an additional 1,729 shares during the last quarter. 65.94% of the stock is currently owned by institutional investors and hedge funds.

About Chicago Bridge & Iron Co.

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.

5 Day Chart for NYSE:CBI

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