ibusinesslines.com September 23, 2017

Chicago Bridge & Iron Company NV (NYSE:CBI) to Issue $0.07 Special Dividend

16 July 2017, 12:21 | Jodi Jackson

Bank of America Corporation's price target suggests a potential downside of 2.63% from the stock's current price. Wall Street is only getting more bullish on the stock, with 8 of analysts who cover CBI having a buy-equivalent rating.

Based on the latest notes released to investors, 4 analysts have issued a rating of "buy", 4 analysts "outperform", 7 analysts "hold", 2 analysts "underperform" and 0 analysts "sell".

Shares of Chicago Bridge & Iron Company N.V. (NYSE:CBI) now have an Average Brokerage Recommendation of 2.3, number of Recs in ABR is 10 while industry rank of the company by ABR is 192 out of 265. As of December 25, 2016, it owned ReachLocal, Inc., a digital marketing solutions company; the USA TODAY NETWORK (made up of USA TODAY including digital sites and affiliates (USAT) and 109 local media organizations in 34 states in the United States and Guam), and Newsquest Media Group Ltd. (Newsquest), the Company's subsidiary operating in the United Kingdom.

Shares of Chicago Bridge & Iron Company N.V. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Zacks upgraded it to "Hold" rating and $44 target in Wednesday, August 26 report. Chicago Bridge & Iron Company N.V. has a 52-week low of 12.91 and a 52-week high of 39.71. (CBI) traded down 1.68% on Wednesday, reaching $17.61.

The Relative Volume of the company is 0.83 and Average Volume (3 months) is 5.79 million. The Market Capitalization of the company stands at 1.91 Billion. The share price has moved forward from its 20 days moving average, trading at a distance of 5.46% and stays -8.9% away from its 50 days moving average. Chicago Bridge & Iron Company N.V. also was the target of unusually large options trading activity on Wednesday. This represents an increase of approximately 197% compared to the average daily volume of 302 call options.

The company declined -2.36% and closed its last trading session at $17.78.

Chicago Bridge & Iron Company N.V. (CBI) is sinking -2.51% to $17.46. The analysts estimated sales for the higher end at 2115.49 million and lower end at 1751.7 million while the year ago reported sale was 2925.65 million. Credit Suisse maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Monday, July 3. During the same period in the previous year, the company posted $1.01 EPS. Analysts forecast that Chicago Bridge & Iron Company N.V. will post $3.09 earnings per share for the current year.

The firm also recently disclosed a special dividend, which was paid on Friday, June 30th. The dividend was $0.070 per share for the quarter which comes to $0.28 on an annualized basis. Chicago Bridge & Iron Company N.V.'s payout ratio is now -6.93%. Finally, Citigroup Inc. decreased their price objective on Chicago Bridge & Iron Company N.V. from $36.00 to $32.00 and set a neutral rating on the stock in a report on Tuesday, May 9th. The legal version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/14/chicago-bridge-iron-company-n-v-s-cbi-buy-rating-reiterated-at-deutsche-bank-ag-updated.html. Also, insider Edgar C. Ray sold 48,700 shares of the business's stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $31.03, for a total value of $1,511,161.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

03/17/2017 - Chicago Bridge & Iron Company N.V. was downgraded to "hold" by analysts at Argus. The shares were purchased at an average price of $31.03. Following the transaction, the vice president now directly owns 19,005 shares of the company's stock, valued at $589,155. The disclosure for this sale can be found here. FMR LLC raised its position in Chicago Bridge & Iron Company N.V.by 832.8% in the first quarter. BlackRock Inc. raised its position in Chicago Bridge & Iron Company N.V.by 3,280.3% in the first quarter. Leavell Investment Management Inc. now owns 15,000 shares of the construction company's stock worth $296,000 after buying an additional 7,500 shares during the period. Selway Asset Management raised its position in Chicago Bridge & Iron Company N.V.by 0.3% in the first quarter. Selway Asset Management raised its stake in Chicago Bridge & Iron Company N.V.by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,767,093 shares of the construction company's stock worth $54,337,000 after buying an additional 787,219 shares in the last quarter. Finally, M Holdings Securities Inc. bought a new stake in Chicago Bridge & Iron Company N.V. during the fourth quarter valued at $204,000.

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