Continental Building Products (NYSE:CBPX) Institutional Investors Quarterly Sentiment

July 27, 2018 - By Mary Kidd

Continental Building Products, Inc. (NYSE:CBPX) Logo

Sentiment for Continental Building Products (NYSE:CBPX)

Continental Building Products (NYSE:CBPX) institutional sentiment increased to 0.97 in 2018 Q1. Its up 0.16, from 0.81 in 2017Q4. The ratio is positive, as 69 hedge funds opened new and increased holdings, while 71 decreased and sold holdings in Continental Building Products. The hedge funds in our partner’s database now hold: 33.30 million shares, down from 35.16 million shares in 2017Q4. Also, the number of hedge funds holding Continental Building Products in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 15 Reduced: 56 Increased: 42 New Position: 27.

Continental Building Products, Inc. makes and sells gypsum wallboard and complementary finishing products in the eastern United States and eastern Canada. The company has market cap of $1.17 billion. The firm 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 names. It has a 19.84 P/E ratio.

The stock increased 0.48% or $0.15 during the last trading session, reaching $31.6. About 198,772 shares traded or 5.57% up from the average. Continental Building Products, Inc. (NYSE:CBPX) has risen 19.55% since July 27, 2017 and is uptrending. It has outperformed by 6.98% the S&P500.

Analysts await Continental Building Products, Inc. (NYSE:CBPX) to report earnings on August, 2 after the close. They expect $0.44 EPS, up 37.50 % or $0.12 from last year’s $0.32 per share. CBPX’s profit will be $16.26M for 17.95 P/E if the $0.44 EPS becomes a reality. After $0.36 actual EPS reported by Continental Building Products, Inc. for the previous quarter, Wall Street now forecasts 22.22 % EPS growth.

Ack Asset Management Llc holds 4.92% of its portfolio in Continental Building Products, Inc. for 685,000 shares. Rockshelter Capital Management Llc owns 418,464 shares or 3.88% of their US portfolio. Moreover, Ami Investment Management Inc has 2.6% invested in the company for 143,540 shares. The New York-based Dalton Greiner Hartman Maher & Co has invested 1.51% in the stock. Skylands Capital Llc, a Wisconsin-based fund reported 332,750 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $105,023 activity.

Continental Building Products, Inc. (NYSE:CBPX) Ratings Coverage

Ratings analysis reveals 0 of Continental Building Products’s analysts are positive. Out of 4 Wall Street analysts rating Continental Building Products, 0 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $26.0 while the high is $33. The stock’s average target of $30.67 is -2.94% below today’s ($31.6) share price. CBPX was included in 6 notes of analysts from February 22, 2018. Deutsche Bank maintained the shares of CBPX in report on Tuesday, February 27 with “Hold” rating. Citigroup maintained the stock with “Neutral” rating in Tuesday, February 27 report. Deutsche Bank maintained it with “Hold” rating and $33 target in Monday, June 25 report. The rating was maintained by SunTrust with “Hold” on Thursday, February 22. On Monday, July 23 the stock rating was maintained by Citigroup with “Neutral”.

Continental Building Products, Inc. (NYSE:CBPX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.