Concrete Pumping (NASDAQ:BBCP) CFO Iain Humphries Sells 96,955 Shares

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CFO Iain Humphries sold 96,955 shares of Concrete Pumping stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the completion of the transaction, the chief financial officer directly owned 377,812 shares in the company, valued at approximately $4,076,591.48. This trade represents a 20.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Concrete Pumping Price Performance

NASDAQ BBCP opened at $11.12 on Friday. Concrete Pumping Holdings, Inc. has a 12-month low of $5.55 and a 12-month high of $11.98. The stock has a market capitalization of $560.34 million, a PE ratio of 79.43 and a beta of 0.94. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59. The company has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $7.13.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Thursday, June 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Concrete Pumping had a net margin of 2.23% and a return on equity of 3.47%. The firm had revenue of $106.80 million during the quarter, compared to the consensus estimate of $96.71 million. As a group, equities analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concrete Pumping

Several institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Concrete Pumping by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock valued at $14,869,000 after buying an additional 81,318 shares during the period. Royce & Associates LP boosted its stake in shares of Concrete Pumping by 1.1% in the 4th quarter. Royce & Associates LP now owns 1,787,807 shares of the company’s stock valued at $11,996,000 after purchasing an additional 20,166 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in shares of Concrete Pumping by 3.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company’s stock valued at $4,146,000 after purchasing an additional 19,171 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Concrete Pumping by 0.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock valued at $3,628,000 after purchasing an additional 5,224 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of Concrete Pumping by 11.3% in the 4th quarter. First Eagle Investment Management LLC now owns 539,689 shares of the company’s stock valued at $3,621,000 after purchasing an additional 54,784 shares in the last quarter. Institutional investors own 34.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BBCP. Robert W. Baird lifted their price target on shares of Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday. Weiss Ratings raised shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, June 5th. Finally, Wall Street Zen raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.25.

Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.