Employees Retirement System of Texas decreased its holdings in shares of Continental Building Products Inc (NYSE:CBPX) by 22.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,000 shares of the construction company’s stock after selling 8,000 shares during the period. Employees Retirement System of Texas’ holdings in Continental Building Products were worth $883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. boosted its holdings in shares of Continental Building Products by 314.3% in the first quarter. Russell Investments Group Ltd. now owns 4,499 shares of the construction company’s stock worth $128,000 after buying an additional 3,413 shares during the period. Financial Enhancement Group LLC acquired a new position in shares of Continental Building Products in the second quarter worth about $201,000. SG Americas Securities LLC boosted its holdings in shares of Continental Building Products by 77.2% in the first quarter. SG Americas Securities LLC now owns 7,361 shares of the construction company’s stock worth $210,000 after buying an additional 3,206 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Continental Building Products by 83.8% in the second quarter. Meeder Asset Management Inc. now owns 6,829 shares of the construction company’s stock worth $215,000 after buying an additional 3,113 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Continental Building Products by 108.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,294 shares of the construction company’s stock worth $237,000 after buying an additional 4,311 shares during the period. Institutional investors own 97.88% of the company’s stock.

In related news, SVP Dennis Romps sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $36.20, for a total transaction of $362,000.00. Following the transaction, the senior vice president now owns 31,265 shares of the company’s stock, valued at $1,131,793. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.52% of the company’s stock.

CBPX has been the subject of several recent analyst reports. Barclays raised their target price on shares of Continental Building Products from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Friday, August 3rd. Raymond James upgraded shares of Continental Building Products from a “market perform” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Monday, August 6th. Zacks Investment Research upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Wednesday, August 8th. ValuEngine cut shares of Continental Building Products from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Finally, Citigroup raised their target price on shares of Continental Building Products from $31.00 to $33.00 and gave the stock a “$32.10” rating in a report on Monday, July 23rd. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $35.89.

CBPX stock opened at $37.65 on Friday. The company has a quick ratio of 3.21, a current ratio of 3.86 and a debt-to-equity ratio of 0.79. The company has a market cap of $1.39 billion, a P/E ratio of 22.82, a P/E/G ratio of 0.62 and a beta of 1.19. Continental Building Products Inc has a 52 week low of $24.20 and a 52 week high of $39.60.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, August 2nd. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.44 by $0.15. The business had revenue of $139.27 million during the quarter, compared to analysts’ expectations of $130.37 million. Continental Building Products had a net margin of 14.04% and a return on equity of 19.57%. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. analysts anticipate that Continental Building Products Inc will post 2.03 earnings per share for the current year.

About Continental Building Products

Continental Building Products, Inc manufactures and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company sells its products to gypsum wallboard distributors, buying groups, wholesalers, and mass merchants in the new residential, repair and remodel, and commercial construction markets under the LiftLite, Mold Defense, and Weather Defense brand names.

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Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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