Nuveen Asset Management LLC Buys New Position in Continental Building Products Inc (NYSE:CBPX)

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Nuveen Asset Management LLC bought a new stake in shares of Continental Building Products Inc (NYSE:CBPX) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 447,898 shares of the construction company’s stock, valued at approximately $11,901,000. Nuveen Asset Management LLC owned approximately 1.29% of Continental Building Products at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Systematic Financial Management LP increased its holdings in shares of Continental Building Products by 0.3% in the second quarter. Systematic Financial Management LP now owns 1,073,386 shares of the construction company’s stock valued at $28,520,000 after purchasing an additional 3,456 shares during the period. William Blair Investment Management LLC grew its holdings in Continental Building Products by 31.5% during the second quarter. William Blair Investment Management LLC now owns 656,423 shares of the construction company’s stock worth $17,441,000 after acquiring an additional 157,311 shares during the period. Brown Advisory Inc. acquired a new stake in Continental Building Products during the second quarter worth about $14,015,000. Clearbridge Investments LLC grew its holdings in Continental Building Products by 3.4% during the first quarter. Clearbridge Investments LLC now owns 474,623 shares of the construction company’s stock worth $11,766,000 after acquiring an additional 15,630 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Continental Building Products by 9.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 251,755 shares of the construction company’s stock worth $6,690,000 after acquiring an additional 22,273 shares during the period. 98.58% of the stock is currently owned by institutional investors.

CBPX has been the topic of several analyst reports. Zacks Investment Research raised Continental Building Products from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine raised Continental Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Exane BNP Paribas initiated coverage on Continental Building Products in a report on Wednesday. They set an “outperform” rating on the stock. Finally, BNP Paribas initiated coverage on Continental Building Products in a report on Wednesday. They set an “outperform” rating on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Continental Building Products has a consensus rating of “Hold” and a consensus price target of $31.33.

Shares of CBPX stock opened at $27.88 on Friday. The company has a market capitalization of $955.31 million, a P/E ratio of 14.42, a P/E/G ratio of 3.32 and a beta of 1.30. The business’s 50 day moving average is $26.14 and its two-hundred day moving average is $25.20. The company has a current ratio of 4.43, a quick ratio of 3.65 and a debt-to-equity ratio of 0.78. Continental Building Products Inc has a 12-month low of $21.35 and a 12-month high of $33.63.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The business had revenue of $124.21 million for the quarter, compared to analysts’ expectations of $131.04 million. Continental Building Products had a return on equity of 20.38% and a net margin of 13.02%. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 EPS. On average, research analysts predict that Continental Building Products Inc will post 1.66 earnings per share for the current fiscal year.

About Continental Building Products

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

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