Continental Building Products Company Profile (NYSE:CBPX)

Continental Building Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "CBPX."

Continental Building Products declared that its Board of Directors has authorized a share repurchase program on Thursday, April 6th 2017, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10.5% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Continental Building Products, Inc. (NYSE:CBPX) released its quarterly earnings results on Thursday, August, 3rd. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by $0.03. The business had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. Continental Building Products had a return on equity of 15.45% and a net margin of 9.16%. Continental Building Products's revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 earnings per share. View Continental Building Products' Earnings History.

3 brokers have issued 12 month price objectives for Continental Building Products' stock. Their forecasts range from $25.00 to $28.00. On average, they expect Continental Building Products' share price to reach $26.50 in the next year. View Analyst Ratings for Continental Building Products.

Continental Building Products saw a increase in short interest in the month of July. As of July 14th, there was short interest totalling 1,510,008 shares, an increase of 82.0% from the June 30th total of 829,770 shares. Based on an average daily trading volume, of 409,787 shares, the days-to-cover ratio is currently 3.7 days. Approximately 3.9% of the company's shares are sold short.

Some companies that are related to Continental Building Products include AAON (AAON), Universal Forest Products (UFPI), Primoris Services Corporation (PRIM), Comfort Systems USA (FIX), Tutor Perini Corporation (TPC), U S Concrete (USCR), NCI Building Systems (NCS), Patrick Industries (PATK), Cavco Industries (CVCO), Boise Cascade, L.L.C. (BCC), Advanced Drainage Systems (WMS), Winnebago Industries (WGO), Ply Gem Holdings (PGEM), Caesarstone (CSTE), Chicago Bridge & Iron Company N.V. (CBI), Argan (AGX), Gibraltar Industries (ROCK) and Deltic Timber Corporation (DEL).

Continental Building Products' management team includes the folowing people:

• Edward M. Bosowski, Independent Chairman of the Board
• James W. Bachmann, President, Chief Executive Officer, Director
• Dennis Charles Schemm, Chief Financial Officer, Senior Vice President
• Dennis Romps, Senior Vice President, Chief Accounting Officer, Corporate Controller
• Timothy Power, Senior Vice President, General Counsel, Secretary
• Muhammad Shahbaz Malik, Senior Vice President of Sales and Marketing/ Supply Chain
• Bruce Major, Senior Vice President - Manufacturing and Strategic Sourcing
• Isabelle Shiffrin, Vice President - Human Resources
• Ira Strassberg, Director
• Michael J. Keough, Independent Director

Continental Building Products' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (10.77%), Capital World Investors (8.67%), Macquarie Group Ltd. (4.99%), Dimensional Fund Advisors LP (3.69%), Prudential Financial Inc. (3.27%) and Copper Rock Capital Partners LLC (2.73%). Company insiders that own Continental Building Products stock include David Richard Obergefell, Edward M Bosowski, Isabelle Shiffrin, James W Bachmann, John P Grayken and Timothy Power. View Institutional Ownership Trends for Continental Building Products.

Continental Building Products' stock was sold by a variety of institutional investors in the last quarter, including TPG Group Holdings SBS Advisors Inc., American Century Companies Inc., Algert Global LLC, OxFORD Asset Management LLP, Gotham Asset Management LLC, Employees Retirement System of Texas, New York State Common Retirement Fund and Nationwide Fund Advisors. View Insider Buying and Selling for Continental Building Products.

Continental Building Products' stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Macquarie Group Ltd., Westwood Holdings Group Inc., Prudential Financial Inc., Thrivent Financial For Lutherans, Goldman Sachs Group Inc., William Blair Investment Management LLC and Copper Rock Capital Partners LLC. Company insiders that have bought Continental Building Products stock in the last two years include David Richard Obergefell, Edward M Bosowski, James W Bachmann and Timothy Power. View Insider Buying and Selling for Continental Building Products.

Shares of Continental Building Products can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Continental Building Products stock can currently be purchased for approximately $21.70.