Zacks Investment Research downgraded shares of Continental Building Products (NYSE:CBPX) from a buy rating to a hold rating in a report released on Friday.

According to Zacks, “Continental Building Products, Inc. is a manufacturer of gypsum wallboard, joint compound and complementary finishing products. It serves the residential, commercial and repair and remodel construction markets primarily in the eastern United States and eastern Canada. The company sells its products under the LiftLite, Mold Defense and Weather Defense names. Continental Building Products, Inc. is headquartered in Silver Grove, Quebec. “

A number of other equities research analysts also recently commented on the company. Stephens set a $31.00 target price on Continental Building Products and gave the company a hold rating in a research report on Thursday. Raymond James reduced their target price on Continental Building Products from $40.00 to $36.00 and set a buy rating on the stock in a research report on Wednesday, October 24th. ValuEngine downgraded Continental Building Products from a buy rating to a hold rating in a research report on Tuesday, October 2nd. SunTrust Banks restated a hold rating and issued a $31.00 target price on shares of Continental Building Products in a research report on Friday, August 3rd. Finally, Barclays lifted their target price on Continental Building Products from $33.00 to $39.00 and gave the company a buy rating in a research report on Friday, August 3rd. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Continental Building Products has an average rating of Hold and an average price target of $34.33.

Shares of Continental Building Products stock opened at $27.21 on Friday. Continental Building Products has a one year low of $25.00 and a one year high of $39.60. The company has a market cap of $1.01 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.45 and a beta of 1.19. The company has a current ratio of 3.86, a quick ratio of 3.21 and a debt-to-equity ratio of 0.79.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.59 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.15. Continental Building Products had a return on equity of 19.57% and a net margin of 14.04%. The firm had revenue of $139.27 million for the quarter, compared to the consensus estimate of $130.37 million. During the same quarter last year, the business posted $0.32 earnings per share. The firm’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts predict that Continental Building Products will post 2.02 earnings per share for the current year.

In other Continental Building Products news, SVP Dennis Romps sold 10,000 shares of Continental Building Products stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $36.20, for a total value of $362,000.00. Following the sale, the senior vice president now owns 31,265 shares in the company, valued at $1,131,793. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Rhumbline Advisers raised its holdings in shares of Continental Building Products by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 35,551 shares of the construction company’s stock valued at $1,122,000 after buying an additional 1,607 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Continental Building Products by 176.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 45,516 shares of the construction company’s stock valued at $1,436,000 after buying an additional 29,063 shares during the period. Financial Enhancement Group LLC purchased a new stake in shares of Continental Building Products in the 2nd quarter valued at $201,000. Sheets Smith Wealth Management purchased a new stake in shares of Continental Building Products in the 2nd quarter valued at $383,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Continental Building Products in the 2nd quarter valued at $271,000. Institutional investors own 97.28% of the company’s stock.

Continental Building Products Company Profile

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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