Shares are trading at $22.50 which is marginally under $24.21, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $24.07. The 50 day moving average went down $-2.11 or -8.72% whereas the 200 day average was down by -8.19%. (NYSE:CBPX) shares saw light trading volume with 355K shares changing hands by the end of trading on Wednesday. Shares saw a steep decrease in trading volume of 43.76% under the normal average daily volume.
Continental Building Products, (NYSE:CBPX) has been the object of insider selling activity recently. Isabelle Shiffrin, VP of Human Resources disclosed the sale of 3,104 shares of (CBPX). The shares were sold on March 15th for an average price of $25.80. Shiffrin now owns $239,630 of the stock according to the SEC filing.
Here are a few other firms who have also updated their positions. Copper Rock Capital Partners, LLC expanded its stake by buying 119,618 shares an increase of 12.6%. Copper Rock Capital Partners, LLC now holds 1,071,594 shares worth $24,754,000. The value of the position overall is up by 5.5%. As of quarter end Clearbridge Investments, LLC had acquired a total of 405 shares growing its holdings by 52.2%. The value of the total investment in Continental Building Products, increased from $18,000 to $29,000 increasing 61.1% since the last quarter.
Piedmont Investment Advisors LLC bolstered its investment by buying 34,333 shares an increase of 26,410.0% in the quarter. Piedmont Investment Advisors LLC controls 34,463 shares valued at $844,000. The total value of its holdings increased 28,033.3%. As of the end of the quarter Tower Research Capital LLC (trc) had bought 57 shares growing its position 16.9%. The value of the company’s investment in Continental Building Products, went from $8,000 to $10,000 a change of 25.0% quarter over quarter.
Seaport Global started coverage by announcing an initial rating of “Neutral”. On June 2 Barclays left the company rating at “Overweight” and raised the price target to $24.00 from $19.00.
May 16 investment analysts at Deutsche Bank maintained a stock rating of “Neutral” and raised the price expectation from $20.00 to $23.00. May 12 investment analysts at Citigroup kept the stock rating at “Neutral” but raised the price expectation from $21.00 to $23.00.
On May 5 analysts at Longbow Research began coverage giving it an initial rating of “Neutral”. On April 18 Citigroup made no change to the company rating of “Neutral” but raised the price target from $18.00 to $21.00.
The company is now up since yesterday’s close of $22.1. Continental Building Products, currently has a P/E ratio of 20.29 and market cap is 866.76M. In the latest earnings report the EPS was $1.09 and is expected to be $1.36 for the current year with 39,220,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.31 and the next full year EPS is projected to be $1.62.
Continental Building Products, Inc., launched on July 26, 2013, 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). The Company offers its 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. To complement its wallboard business and to serve its customers, the Company also operates a finishing products business that manufactures a line of joint compounds at its plant in Silver Grove (Kentucky) and its joint compound plant in Chambly (Quebec). The Business’s manufacturing facilities are concentrated in the eastern United States and eastern Canada..