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CBI

Chicago Bridge & Iron Company

5/19/2013, 9:10 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 15, 4:37 PM Buffett buys Chicago Bridge & Iron (CBI +1.5% AH), the Berkshire (BRK.A) 13F filing showing a new position valued at more than $400M. Missing from the portfolio are previously held positions in General Dynamics (GD no change AH) and Archer Daniels Midland (ADM -1% AH). 3 Comments
Thursday, May 9, 6:56 PM CB&I (CBI) declares $0.05/share quarterly dividend, in line with previous. Forward yield 0.35%. For shareholders of record June 14. Payable June 28. Ex-div date June 12. (PR) Comment! [Dividends]
Thursday, May 9, 9:59 AM In addition to starting CBI at Buy, Deutsche Bank initiates fellow construction services names Fluor (FLR +0.6%), KBR +1.64% and Mastec (MTZ +1.2%) at Buy and Jacobs Engineering (JEC -0.1%) at Hold, citing a larger report on the engineering and construction spending cycle. Price targets: $84 for FLR, $44 for KBR, $38 for MTZ, and $56 for JEC. Comment!
Thursday, May 9, 7:31 AM Fresh off a mention as one of Barron's 500 financially strongest companies, Chicago Bridge and Iron (CBI) is initiated at Buy at Deutsche Bank with an $87 price target (54% upside). The company is well-positioned to "participate in the oil & gas capex cycle," DB says. Additionally, CBI's "in-house skilled labor, fabrication facilities, and technology business" speak to the company's vertical integration and give it "a competitive advantage in the current environment." Comment!
Saturday, May 4, 3:52 PM Barron's is out with its list of the 500 financially strongest companies as ranked after a rigorous cash and sales analysis. A quick filter on the list shows a good chunk of the names trade with a single-digit price to earnings ratio including Goodyear Tire & Rubber (GT). Despite all the buzz about booming auto sales in the U.S. and China, concerns about growth for Goodyear's products in other regions of the globe have lowered expectations. But with auto sale estimates for full-year being taken higher, Goodyear could see enough consistent revenue growth to justify a higher trading multiple. (Top 25: AAPL, WCC, WDC, DVA, CHRW, QCOM, JOY, V, STX, MRC, MA, CVI, COF, SYMC, MCK, WCG, ETN, BRCM, TMO, CI, CBI, NOV, WNR, HFC, DK) 39 Comments [Consumer, Quick Ideas]
Thursday, May 2, 7:39 PM CB&I (CBI): Q1 EPS of $0.82 beats by $0.07. Revenue of $2.3B beats by $0.12B. (PR) Comment! [Earnings, Breaking News]
Thursday, May 2, 12:10 AM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Wednesday, May 1, 5:35 PM Notable earnings after Thursday’s close: ACLS, ACTV, ADNC, AGNC, AIG, ALSK, AREX, ARNA, ATHN, BBG, BCOR, BERY, BRKR, CBI, CNQ, DNB, DOLE, DRIV, EGO, ELON, ELX, FBHS, FLR, FLT, GEOS, GHDX, GILD, GMED, GTY, HAIN, HI, HMA, HTGC, INVN, KOG, KRFT, LNKD, MKH, MTZ, MYL, NBIX, NFG, NILE, NSR, ONNN, OPEN, PKT, PWER, QLGC, SKUL, SPF, SPWR, SWN, TDC, THOR, TPX, TSYS, TTMI, WTW, WWWW, XL, ZAGG Comment! [Earnings]
Monday, April 8, 3:29 PM More from Goldman on construction services names: Chicago Bridge and Iron (CBI +1%) and KBR +.4% resumed at Buy. CBI has "best in class LNG franchise," while both companies are attractively positioned in the chemicals market. Goldman sees upside to consensus estimates of 10-15% for both firms. Price targets are $68 for CBI and $41 for KBR. Comment!
Thursday, March 28, 11:17 AM Chicago Bridge & Iron (CBI +5.4%) trades higher after issuing a mixed yet still bullish forecast for FY13 at its Analyst/Investor Day presentation this morning. It now sees combined earnings coming in at $4 to $4.35 a share on revenue between $10.7B and $11.2B, while analysts were expecting $4 on $11.48B, respectively. The company also says its backlog stands at a whopping $27B, and forecasts new awards of $13B to $16B this year - driven by growing demand in its energy infrastructure segment - which is significantly higher than the $7.3B it received in 2012. Comment! [Earnings, On the Move]
Friday, March 8, 2:07 PM Jim Cramer thinks Chicago Bridge & Iron (CBI +2.1%) may be the top pick for investors looking to benefit from North American energy infrastructure expansion. Cramer sees shares as "ridiculously cheap," trading at less than 14x earnings despite a 23% long-term growth rate; he also thinks CBI is taking business from rival Foster Wheeler (FWLT +2.5%). 4 Comments [Energy, Quick Ideas, On the Move]
Wednesday, February 27, 5:45 PM More on Chicago Bridge & Iron (CBI): Q4 beats across the board on a 30% jump in total sales Y/Y. Net earnings rose 27% on sales growth across all segments. Project engineering and construction, which represents more than half of the top line, saw revenue grow 30%. Its steel-plate structures business, which made up 35% of the top line in the latest period, saw revenue grow 14% while, Lummus-technology revenue was 18% higher. Gross margin widened to 12.9% from 11.7%. 1 Comment [Earnings]
Wednesday, February 27, 4:53 PM Chicago Bridge & Iron (CBI): Q4 EPS of $0.91 beats by $0.09. Revenue of $1.54B beats by $50M. (PR). Shares +0.5% AH. Comment! [Earnings, Breaking News]
Wednesday, February 27, 12:10 AM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL Comment! [Earnings]
Tuesday, February 26, 5:35 PM Notable earnings after Wednesday’s close: AGO, AHT, ANW, ARI, CBI, CDXS, CECO, CLR, DAR, DPM, DVR, GRPN, HNSN, IOC, ITC, JCP, LTD, MBI, MMLP, MNST, MWE, MYL, PANL, PLL, RGR, UAN, WES, WLL 1 Comment [Earnings]
Friday, February 22, 7:15 AM Chicago Bridge & Iron Company (CBI) declares $0.05/share quarterly dividend, in line with previous. Forward yield 0.38%. For shareholders of record Mar. 18. Payable Mar. 28. Ex-div date Mar. 14. (PR) Comment! [Dividends]