Is there a Bearish outlook for Continental Building Products, Inc. (NYSE:CBPX) this week?

November 10, 2018 - By Marie Mckinney

Continental Building Products, Inc. (NYSE:CBPX) LogoInvestors sentiment increased to 1.03 in Q2 2018. Its up 0.06, from 0.97 in 2018Q1. It increased, as 15 investors sold Continental Building Products, Inc. shares while 54 reduced holdings. 25 funds opened positions while 46 raised stakes. 34.19 million shares or 2.69% more from 33.30 million shares in 2018Q1 were reported.
First Trust Advisors Lp has 80,840 shares for 0.01% of their portfolio. First Mercantile Tru owns 6,430 shares. State Street accumulated 0% or 821,341 shares. Rockshelter Capital Mngmt Ltd Liability Company invested in 416,314 shares. Westwood Gp Incorporated owns 936,792 shares. Morgan Stanley, New York-based fund reported 89,525 shares. Stone Ridge Asset Management Ltd holds 15,104 shares. Bnp Paribas Arbitrage Sa holds 0% or 2,374 shares. California State Teachers Retirement owns 56,892 shares for 0% of their portfolio. Rhumbline Advisers holds 0% in Continental Building Products, Inc. (NYSE:CBPX) or 35,551 shares. Fincl Bank Of America De accumulated 152,743 shares or 0% of the stock. Schwab Charles Investment has 0% invested in Continental Building Products, Inc. (NYSE:CBPX) for 193,025 shares. Brown Advisory accumulated 1.68 million shares or 0.16% of the stock. Cubist Systematic Strategies Limited Liability has invested 0.01% in Continental Building Products, Inc. (NYSE:CBPX). Metropolitan Life Insurance Co New York owns 12,532 shares for 0% of their portfolio.

Since June 7, 2018, it had 0 insider buys, and 2 selling transactions for $467,023 activity. Briggs David Bruce sold $105,023 worth of stock.

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

Among 4 analysts covering Continental Building (NYSE:CBPX), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Continental Building had 5 analyst reports since June 25, 2018 according to SRatingsIntel. Raymond James maintained Continental Building Products, Inc. (NYSE:CBPX) on Wednesday, October 24 with “Strong Buy” rating. Barclays Capital maintained the shares of CBPX in report on Monday, August 6 with “Overweight” rating. Deutsche Bank maintained the shares of CBPX in report on Monday, June 25 with “Hold” rating. As per Monday, August 6, the company rating was upgraded by Raymond James. Citigroup maintained the stock with “Neutral” rating in Monday, July 23 report. Below is a list of Continental Building Products, Inc. (NYSE:CBPX) latest ratings and price target changes.

24/10/2018 Broker: Raymond James Old Rating: Strong Buy New Rating: Strong Buy Old Target: $40 New Target: $36 Maintain
06/08/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $33 New Target: $39 Maintain
06/08/2018 Broker: Raymond James Old Rating: Market Perform New Rating: Strong Buy New Target: $40 Upgrade
23/07/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $31 New Target: $33 Maintain
25/06/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $29 New Target: $33 Maintain

The stock increased 1.68% or $0.49 during the last trading session, reaching $29.74. About 601,166 shares traded or 42.47% up from the average. Continental Building Products, Inc. (NYSE:CBPX) has risen 54.82% since November 10, 2017 and is uptrending. It has outperformed by 39.20% the S&P500.

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 $1.10 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 15.86 P/E ratio.

Another recent and important Continental Building Products, Inc. (NYSE:CBPX) news was published by Seekingalpha.com which published an article titled: “Building supply names (and the Fed?) mull Mohawk, Fortune Brands misses” on October 26, 2018.

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

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