Rockshelter Capital Management Lowers stake in Continental Building Products Inc (CBPX)

Continental Building Products Inc (CBPX) : Rockshelter Capital Management reduced its stake in Continental Building Products Inc by 1.99% during the most recent quarter end. The investment management company now holds a total of 652,602 shares of Continental Building Products Inc which is valued at $14,272,406 after selling 13,230 shares in Continental Building Products Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Continental Building Products Inc makes up approximately 4.57% of Rockshelter Capital Management’s portfolio.

Other Hedge Funds, Including , Vaughan Nelson Investment Management added CBPX to its portfolio by purchasing 929,425 company shares during the most recent quarter which is valued at $20,326,525. Continental Building Products Inc makes up approx 0.25% of Vaughan Nelson Investment Management’s portfolio.Blackrock Advisors reduced its stake in CBPX by selling 183,457 shares or 33.97% in the most recent quarter. The Hedge Fund company now holds 356,525 shares of CBPX which is valued at $7,797,202. Continental Building Products Inc makes up approx 0.01% of Blackrock Advisors’s portfolio.Teacher Retirement System Of Texas boosted its stake in CBPX in the latest quarter, The investment management firm added 1,329 additional shares and now holds a total of 5,720 shares of Continental Building Products Inc which is valued at $131,045.Alambic Investment Management boosted its stake in CBPX in the latest quarter, The investment management firm added 56,300 additional shares and now holds a total of 80,400 shares of Continental Building Products Inc which is valued at $1,772,016. Continental Building Products Inc makes up approx 0.40% of Alambic Investment Management’s portfolio. Genesee Valley Trust Co added CBPX to its portfolio by purchasing 10,230 company shares during the most recent quarter which is valued at $245,315. Continental Building Products Inc makes up approx 0.16% of Genesee Valley Trust Co’s portfolio.

Continental Building Products Inc opened for trading at $22.3 and hit $22.88 on the upside on Tuesday, eventually ending the session at $22.55, with a gain of 1.35% or 0.3 points. The heightened volatility saw the trading volume jump to 2,77,114 shares. Company has a market cap of $912 M.

On the company’s financial health, Continental Building Products Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $117.10 million for the quarter, compared to analysts expectations of $112.98 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Continental Building Products Inc. Company shares were Reiterated by Barclays on Jun 2, 2016 to “Overweight”, Firm has raised the Price Target to $ 24 from a previous price target of $22 .

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).

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