Chicago Bridge Stock Hits New 52-Week High (CBI)

NEW YORK ( TheStreet) -- Chicago Bridge & Iron Company (NYSE: CBI) hit a new 52-week high Thursday as it traded at $36.63 compared with its previous 52-Week high of $36.50. Chicago Bridge is changing hands at $36.61 with 367,146 shares traded as of 12:56 p.m. ET. Average volume has been 911,500 shares over the past 30 days.

Chicago Bridge has a market cap of $3.5 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 7.6% year to date as of the close of trading on Wednesday.

Chicago Bridge & Iron Company N.V. (CB&I) provides engineering, procurement, and construction (EPC) solutions, as well as process technologies for the energy infrastructure projects. It primarily focuses on projects related to oil and gas companies. The company has a P/E ratio of 17.1, equal to the average materials & construction industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Chicago Bridge as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Chicago Bridge Ratings Report.

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