Boston Partners Boosts Stake in Cornerstone Building Brands, Inc. (NYSE:CNR)

Boston Partners boosted its holdings in shares of Cornerstone Building Brands, Inc. (NYSE:CNRGet Rating) by 60.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,860 shares of the company’s stock after buying an additional 61,278 shares during the quarter. Boston Partners owned 0.13% of Cornerstone Building Brands worth $2,823,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CNR. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Cornerstone Building Brands by 98,186.7% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,810,018 shares of the company’s stock worth $41,055,000 after buying an additional 2,807,159 shares in the last quarter. American Century Companies Inc. raised its stake in Cornerstone Building Brands by 63.4% during the 3rd quarter. American Century Companies Inc. now owns 4,184,914 shares of the company’s stock worth $61,142,000 after acquiring an additional 1,623,131 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Cornerstone Building Brands by 28.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,968,223 shares of the company’s stock worth $28,753,000 after acquiring an additional 440,744 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in Cornerstone Building Brands by 66.0% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 474,469 shares of the company’s stock worth $6,932,000 after acquiring an additional 188,664 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Cornerstone Building Brands during the 4th quarter worth $2,867,000. Institutional investors own 91.80% of the company’s stock.

NYSE CNR opened at $24.38 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.45 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 4.72 and a beta of 1.85. Cornerstone Building Brands, Inc. has a one year low of $13.30 and a one year high of $24.44. The company has a fifty day simple moving average of $23.06.

Cornerstone Building Brands (NYSE:CNRGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.13. The company had revenue of $1.47 billion for the quarter. Cornerstone Building Brands had a net margin of 11.78% and a return on equity of 28.72%. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Research analysts anticipate that Cornerstone Building Brands, Inc. will post 2.73 EPS for the current year.

Several brokerages recently commented on CNR. Sidoti lowered shares of Cornerstone Building Brands from a “buy” rating to a “neutral” rating in a research note on Monday, February 14th. Zacks Investment Research lowered shares of Cornerstone Building Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, January 11th. DA Davidson lowered shares of Cornerstone Building Brands from a “buy” rating to a “neutral” rating and set a $24.65 price target on the stock. in a research note on Tuesday, February 15th. Finally, Raymond James upgraded shares of Cornerstone Building Brands to an “outperform” rating in a research note on Wednesday, January 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $21.88.

About Cornerstone Building Brands (Get Rating)

Cornerstone Building Brands, Inc, together with its subsidiaries, designs, engineers, manufactures, markets, and installs external building products for the commercial, residential, and repair and remodel markets in the United States, Canada, Mexico, and internationally. The company operates through three segments: Windows, Siding, and Commercial.

See Also

Institutional Ownership by Quarter for Cornerstone Building Brands (NYSE:CNR)

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