Trexquant Investment LP Invests $351,000 in Continental Building Products Inc (CBPX)

Trexquant Investment LP purchased a new stake in shares of Continental Building Products Inc (NYSE:CBPX) in the third quarter, according to its most recent 13F filing with the SEC. The fund purchased 13,503 shares of the construction company’s stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its position in Continental Building Products by 10.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 177,056 shares of the construction company’s stock worth $4,338,000 after acquiring an additional 16,382 shares in the last quarter. State Street Corp grew its position in Continental Building Products by 6.1% in the second quarter. State Street Corp now owns 762,246 shares of the construction company’s stock worth $17,765,000 after acquiring an additional 43,516 shares in the last quarter. Prudential Financial Inc. grew its position in Continental Building Products by 27.1% in the second quarter. Prudential Financial Inc. now owns 1,281,552 shares of the construction company’s stock worth $29,860,000 after acquiring an additional 273,192 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Continental Building Products by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,445,842 shares of the construction company’s stock worth $33,688,000 after acquiring an additional 51,644 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Continental Building Products by 53.7% in the second quarter. First Trust Advisors LP now owns 75,275 shares of the construction company’s stock worth $1,754,000 after acquiring an additional 26,303 shares in the last quarter. Hedge funds and other institutional investors own 99.58% of the company’s stock.

Shares of Continental Building Products Inc (CBPX) opened at $27.75 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.46 and a current ratio of 3.11. Continental Building Products Inc has a 1 year low of $21.00 and a 1 year high of $28.50. The stock has a market cap of $1,040.93, a PE ratio of 22.26 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last posted its quarterly earnings results on Thursday, November 9th. The construction company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Continental Building Products had a net margin of 10.13% and a return on equity of 15.80%. The business had revenue of $116.50 million during the quarter, compared to analyst estimates of $121.08 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Continental Building Products Inc will post 1.25 EPS for the current year.

Several research analysts recently issued reports on CBPX shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a research report on Wednesday, November 15th. BidaskClub upgraded shares of Continental Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Continental Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays upped their target price on shares of Continental Building Products from $25.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Friday, November 10th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $30.00 target price on shares of Continental Building Products in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Continental Building Products currently has an average rating of “Buy” and an average price target of $28.25.

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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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