Continental Building Products Inc (CBPX) is Initiated by Seaport Global Securities to Neutral

Continental Building Products Inc (CBPX) was Initiated by Seaport Global Securities to “Neutral”. Seaport Global Securities advised their investors in a research report released on Nov 22, 2016.

On the company’s financial health, Continental Building Products Inc reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus of $0.29. The company had revenue of $114.56 million for the quarter, compared to analysts expectations of $109.33 million. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Continental Building Products Inc (CBPX) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $22.3 and reached the intraday high at $22.4. The bulls started the profit booking and pushed the shares to intraday low of $22.175. The trading session was marked by a volume range of 1,85,975 shares exchanging hands. The 52-week high of the shares is $24.78 and the 52-week low is $13.25. The market cap of the company stands at $890 M and there are 3,99,92,339 shares in public circulation.

In a different news, on May 16, 2016, Edward M Bosowski (director) purchased 2,500 shares at $21.06 per share price. According to the SEC, on Dec 4, 2015, James W Bachmann (CEO) purchased 5,610 shares at $18.24 per share price. On Nov 13, 2015, David Richard Obergefell (Senior VP Manufacturing) purchased 3,000 shares at $18.35 per share price, according to the Form-4 filing with the securities and exchange commission.

Continental Building Products Inc. is a manufacturer of gypsum wallboard and complementary finishing products. The Company’s manufacturing facilities and sales efforts are concentrated in the eastern United States and eastern Canada. Gypsum wallboard is a primary building material used in new residential and commercial construction and in repair and remodel (R&R). The Company offers its customers a range of gypsum wallboard products including LiftLite a lightweight wallboard for use on interior walls; Mold Defense line of products designed for enhanced protection against mold and mildew and Weather Defense line of moisture and mold-resistant exterior sheathing. The Company’s wallboard product offerings include LiftLite Firecheck Mold Defense and Rapid Coat. The Company operates its automated manufacturing facilities in Silver Grove (Kentucky) Palatka (Florida) and Buchanan (New York).

Continental Building Products Inc

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