Continental Building Products Inc (NYSE:CBPX) Stake Increased by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in Continental Building Products Inc (NYSE:CBPX) by 48.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,245 shares of the construction company’s stock after purchasing an additional 40,727 shares during the period. Two Sigma Investments LP owned 0.34% of Continental Building Products worth $3,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in shares of Continental Building Products by 314.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 14,345 shares of the construction company’s stock valued at $539,000 after acquiring an additional 10,887 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Continental Building Products by 26.4% during the 3rd quarter. Wells Fargo & Company MN now owns 71,833 shares of the construction company’s stock valued at $2,697,000 after acquiring an additional 15,013 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Continental Building Products by 5.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 604,246 shares of the construction company’s stock valued at $22,689,000 after acquiring an additional 31,328 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Continental Building Products during the 3rd quarter valued at about $227,000. Finally, BlackRock Inc. boosted its holdings in shares of Continental Building Products by 1.8% during the 3rd quarter. BlackRock Inc. now owns 2,500,341 shares of the construction company’s stock valued at $93,888,000 after acquiring an additional 44,222 shares during the last quarter.

A number of equities analysts recently issued reports on CBPX shares. Zacks Investment Research downgraded shares of Continental Building Products from a “buy” rating to a “sell” rating in a report on Wednesday, January 9th. ValuEngine raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Raymond James downgraded shares of Continental Building Products from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, January 23rd. Royal Bank of Canada downgraded shares of Continental Building Products from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $30.00 to $26.00 in a report on Wednesday. Finally, Seaport Global Securities reissued a “neutral” rating on shares of Continental Building Products in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $31.78.

NYSE:CBPX traded up $0.23 during trading hours on Friday, hitting $24.93. 240,960 shares of the stock traded hands, compared to its average volume of 279,890. 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 Inc has a 1 year low of $23.09 and a 1 year high of $39.60. The company has a market capitalization of $878.88 million, a P/E ratio of 12.34, a P/E/G ratio of 2.36 and a beta of 1.35.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, February 21st. The construction company reported $0.56 earnings per share for the quarter, meeting the consensus estimate of $0.56. The business had revenue of $140.76 million for the quarter, compared to the consensus estimate of $138.07 million. Continental Building Products had a net margin of 14.06% and a return on equity of 22.50%. On average, sell-side analysts anticipate that Continental Building Products Inc will post 2.12 earnings per share for the current fiscal year.

In other news, CFO Dennis Charles Schemm sold 1,569 shares of Continental Building Products stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.43, for a total transaction of $39,899.67. Following the sale, the chief financial officer now owns 56,157 shares in the company, valued at $1,428,072.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.78% of the company’s stock.

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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.

Further Reading: Hedge Funds Explained

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

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