15,214 Shares in Cornerstone Building Brands, Inc. (NYSE:CNR) Acquired by Advisory Services Network LLC

Advisory Services Network LLC purchased a new position in shares of Cornerstone Building Brands, Inc. (NYSE:CNR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,214 shares of the company’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also bought and sold shares of CNR. Rosenberg Matthew Hamilton bought a new stake in shares of Cornerstone Building Brands during the third quarter worth approximately $37,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Cornerstone Building Brands in the second quarter valued at approximately $52,000. PNC Financial Services Group Inc. bought a new stake in Cornerstone Building Brands in the second quarter valued at approximately $63,000. Federated Hermes Inc. bought a new stake in Cornerstone Building Brands in the second quarter valued at approximately $84,000. Finally, Seelaus Asset Management LLC bought a new stake in Cornerstone Building Brands in the third quarter valued at approximately $156,000. 91.96% of the stock is owned by institutional investors and hedge funds.

CNR has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Cornerstone Building Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada upgraded shares of Cornerstone Building Brands to an “outperform” rating in a report on Friday, September 17th. Atlantic Securities started coverage on shares of Cornerstone Building Brands in a report on Tuesday, November 16th. They issued a “neutral” rating for the company. Finally, TD Securities upgraded shares of Cornerstone Building Brands to a “buy” rating in a report on Monday, September 20th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $19.67.

In other Cornerstone Building Brands news, insider John L. Buckley sold 98,920 shares of the stock in a transaction on Wednesday, November 24th. The shares were sold at an average price of $17.32, for a total value of $1,713,294.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John L. Buckley sold 47,140 shares of the stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $17.29, for a total transaction of $815,050.60. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.

Shares of CNR opened at $16.34 on Friday. Cornerstone Building Brands, Inc. has a 12 month low of $10.68 and a 12 month high of $19.73. The firm has a fifty day simple moving average of $16.52 and a 200 day simple moving average of $16.25. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 3.34 and a beta of 2.01. The company has a current ratio of 2.54, a quick ratio of 1.79 and a debt-to-equity ratio of 2.71.

Cornerstone Building Brands (NYSE:CNR) last announced its earnings results on Monday, November 8th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.16). The business had revenue of $1.44 billion for the quarter. Cornerstone Building Brands had a return on equity of 23.35% and a net margin of 11.72%. During the same period last year, the firm earned $0.31 EPS. As a group, research analysts predict that Cornerstone Building Brands, Inc. will post 1.96 earnings per share for the current fiscal year.

About Cornerstone Building Brands

Cornerstone Building Brands, Inc engages in the design, engineer and manufacture external building products. It operates through the following segments: Commercial, Siding, and Windows. The Commercial segment produces and distributes metal products for the nonresidential construction market. The Siding segment comprises of vinyl siding and skirting, steel siding, vinyl and aluminum soffit, aluminum trim coil, aluminum gutter coil, aluminum gutters, aluminum and steel roofing accessories, wide crown molding, window and door trim, fascia, undersill trims, outside and inside corner posts, rain removal systems, and injection molded designer accents.

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

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