Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Continental Building Products Inc (NYSE:CBPX) by 159.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,075 shares of the construction company’s stock after buying an additional 47,950 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.21% of Continental Building Products worth $1,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearbridge Investments LLC boosted its position in shares of Continental Building Products by 951,920.0% during the 3rd quarter. Clearbridge Investments LLC now owns 476,010 shares of the construction company’s stock worth $17,874,000 after purchasing an additional 475,960 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in Continental Building Products in the 3rd quarter valued at approximately $15,789,000. Robeco Institutional Asset Management B.V. boosted its position in Continental Building Products by 1,178.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 455,111 shares of the construction company’s stock valued at $17,091,000 after buying an additional 419,505 shares during the period. Teachers Advisors LLC boosted its position in Continental Building Products by 552.9% in the 3rd quarter. Teachers Advisors LLC now owns 480,271 shares of the construction company’s stock valued at $18,034,000 after buying an additional 406,710 shares during the period. Finally, Renaissance Technologies LLC boosted its position in Continental Building Products by 74.5% in the 3rd quarter. Renaissance Technologies LLC now owns 845,072 shares of the construction company’s stock valued at $31,732,000 after buying an additional 360,672 shares during the period. Institutional investors and hedge funds own 97.42% of the company’s stock.

Continental Building Products stock opened at $25.31 on Friday. The firm has a market cap of $953.20 million, a PE ratio of 12.53, a PEG ratio of 2.49 and a beta of 1.38. Continental Building Products Inc has a 12-month low of $24.11 and a 12-month high of $39.60. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.09 and a quick ratio of 2.57.

Continental Building Products (NYSE:CBPX) last announced its quarterly earnings results on Thursday, February 21st. The construction company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56. Continental Building Products had a net margin of 14.06% and a return on equity of 22.50%. The firm had revenue of $140.76 million for the quarter, compared to analyst estimates of $138.07 million. As a group, sell-side analysts forecast that Continental Building Products Inc will post 2.15 earnings per share for the current year.

Several brokerages have commented on CBPX. Seaport Global Securities reissued a “neutral” rating on shares of Continental Building Products in a research report on Monday, February 25th. ValuEngine cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Zacks Investment Research cut shares of Continental Building Products from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Barclays set a $35.00 price objective on shares of Continental Building Products and gave the stock a “buy” rating in a research report on Wednesday, December 12th. Finally, Raymond James cut shares of Continental Building Products from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Continental Building Products has a consensus rating of “Hold” and an average target price of $32.50.

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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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