Engineers Gate Manager LP boosted its position in Continental Building Products Inc (NYSE:CBPX) by 43.8% during the first quarter, Holdings Channel reports. The firm owned 36,969 shares of the construction company’s stock after buying an additional 11,268 shares during the period. Engineers Gate Manager LP’s holdings in Continental Building Products were worth $906,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Continental Building Products by 10.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,403,609 shares of the construction company’s stock worth $32,424,000 after buying an additional 138,293 shares during the period. Macquarie Group Ltd. increased its position in Continental Building Products by 7.6% in the fourth quarter. Macquarie Group Ltd. now owns 1,264,205 shares of the construction company’s stock worth $29,203,000 after buying an additional 88,828 shares during the period. Brown Advisory Inc. purchased a new position in Continental Building Products during the fourth quarter worth about $24,065,000. Systematic Financial Management LP increased its position in Continental Building Products by 2.4% in the fourth quarter. Systematic Financial Management LP now owns 967,179 shares of the construction company’s stock worth $22,342,000 after buying an additional 22,321 shares during the period. Finally, Dalton Greiner Hartman Maher & Co. increased its position in Continental Building Products by 2.3% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 747,163 shares of the construction company’s stock worth $18,305,000 after buying an additional 16,955 shares during the period. Institutional investors and hedge funds own 95.35% of the company’s stock.
Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $120.60 million during the quarter, compared to analysts’ expectations of $109.81 million. Continental Building Products had a return on equity of 15.21% and a net margin of 9.27%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.30 EPS.
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A number of equities analysts have issued reports on CBPX shares. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a report on Monday, February 27th. Royal Bank of Canada reiterated a “buy” rating on shares of Continental Building Products in a report on Monday. Finally, TheStreet upgraded Continental Building Products from a “c” rating to a “b-” rating in a report on Monday, February 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Continental Building Products has a consensus rating of “Hold” and a consensus target price of $24.40.
In related news, VP Isabelle Shiffrin sold 3,104 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $25.80, for a total transaction of $80,083.20. Following the completion of the sale, the vice president now directly owns 9,288 shares in the company, valued at approximately $239,630.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
About Continental Building Products
Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.
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