First Quadrant L P CA Has $2.77 Million Holdings in Continental Building Products, Inc. (CBPX)

First Quadrant L P CA grew its position in Continental Building Products, Inc. (NYSE:CBPX) by 5.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,463 shares of the construction company’s stock after purchasing an additional 5,371 shares during the period. First Quadrant L P CA owned about 0.28% of Continental Building Products worth $2,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Alps Advisors Inc. increased its position in shares of Continental Building Products by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,560 shares of the construction company’s stock worth $432,000 after acquiring an additional 48 shares in the last quarter. First Mercantile Trust Co. increased its position in shares of Continental Building Products by 1.8% during the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock worth $145,000 after acquiring an additional 110 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Continental Building Products by 0.9% during the second quarter. California State Teachers Retirement System now owns 70,036 shares of the construction company’s stock worth $1,632,000 after acquiring an additional 654 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Continental Building Products by 6.7% during the second quarter. PNC Financial Services Group Inc. now owns 12,800 shares of the construction company’s stock worth $298,000 after acquiring an additional 800 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Continental Building Products by 9.5% during the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock worth $216,000 after acquiring an additional 802 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.

Continental Building Products (NYSE:CBPX) last released its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.03). Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. The business had revenue of $120.60 million for the quarter, compared to analyst estimates of $127.60 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis.

Several equities research analysts have recently issued reports on the stock. SunTrust Banks, Inc. reissued a “buy” rating and set a $30.00 price objective on shares of Continental Building Products in a research report on Monday, October 2nd. BidaskClub raised shares of Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Finally, Zacks Investment Research downgraded shares of Continental Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $27.25.

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Continental Building Products Profile

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

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