Shaker Investments LLC OH reduced its holdings in shares of Continental Building Products Inc (NYSE:CBPX) by 35.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,938 shares of the construction company’s stock after selling 16,327 shares during the period. Shaker Investments LLC OH’s holdings in Continental Building Products were worth $742,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Continental Building Products by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 4,829,264 shares of the construction company’s stock valued at $181,339,000 after purchasing an additional 135,931 shares during the last quarter. BlackRock Inc. lifted its holdings in Continental Building Products by 7.4% during the 4th quarter. BlackRock Inc. now owns 2,684,833 shares of the construction company’s stock valued at $68,329,000 after purchasing an additional 184,492 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Continental Building Products by 3.3% during the 4th quarter. Macquarie Group Ltd. now owns 2,334,704 shares of the construction company’s stock valued at $59,418,000 after purchasing an additional 73,900 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Continental Building Products by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,520,732 shares of the construction company’s stock valued at $38,703,000 after purchasing an additional 9,259 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Continental Building Products by 8,501.4% during the 1st quarter. Victory Capital Management Inc. now owns 1,306,806 shares of the construction company’s stock valued at $32,396,000 after purchasing an additional 1,291,613 shares during the last quarter. Institutional investors and hedge funds own 99.95% of the company’s stock.
In other Continental Building Products news, CFO Dennis Charles Schemm sold 1,569 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.43, for a total value of $39,899.67. Following the completion of the transaction, the chief financial officer now directly owns 56,157 shares of the company’s stock, valued at $1,428,072.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.78% of the company’s stock.
Shares of NYSE CBPX traded up $0.15 during trading on Tuesday, reaching $25.96. The company had a trading volume of 100 shares, compared to its average volume of 328,911. Continental Building Products Inc has a 52 week low of $23.09 and a 52 week high of $39.60. The company has a market cap of $934.33 million, a PE ratio of 12.81, a P/E/G ratio of 2.68 and a beta of 1.34. The company has a current ratio of 4.40, a quick ratio of 2.57 and a debt-to-equity ratio of 0.77.
Continental Building Products (NYSE:CBPX) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. Continental Building Products had a net margin of 14.35% and a return on equity of 22.48%. The company had revenue of $122.03 million during the quarter, compared to the consensus estimate of $116.07 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that Continental Building Products Inc will post 2.01 earnings per share for the current year.
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Continental Building Products 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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