Concrete Pumping (NASDAQ:BBCP) Director Sells $1,065,000.00 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 100,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.65, for a total transaction of $1,065,000.00. Following the completion of the transaction, the director owned 597,155 shares of the company’s stock, valued at $6,359,700.75. This trade represents a 14.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Concrete Pumping Trading Down 0.2%

Concrete Pumping stock opened at $11.12 on Friday. The firm has a 50 day simple moving average of $7.99 and a 200-day simple moving average of $7.13. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.73 and a quick ratio of 1.61. The stock has a market capitalization of $560.34 million, a PE ratio of 79.43 and a beta of 0.94. Concrete Pumping Holdings, Inc. has a 12-month low of $5.55 and a 12-month high of $11.98.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BBCP shares. Wall Street Zen upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Robert W. Baird raised their target price on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Weiss Ratings upgraded shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Concrete Pumping presently has an average rating of “Hold” and a consensus target price of $10.25.

Institutional Investors Weigh In On Concrete Pumping

Several hedge funds have recently made changes to their positions in BBCP. North Star Investment Management Corp. purchased a new stake in shares of Concrete Pumping in the 1st quarter valued at approximately $885,000. Raiffeisen Bank International AG lifted its position in shares of Concrete Pumping by 64.0% in the 3rd quarter. Raiffeisen Bank International AG now owns 254,785 shares of the company’s stock valued at $1,796,000 after acquiring an additional 99,395 shares in the last quarter. Royce & Associates LP lifted its position in shares of Concrete Pumping by 5.4% in the 3rd quarter. Royce & Associates LP now owns 1,767,641 shares of the company’s stock valued at $12,462,000 after acquiring an additional 90,516 shares in the last quarter. Aristides Capital LLC lifted its position in shares of Concrete Pumping by 89.6% in the 1st quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock valued at $1,346,000 after acquiring an additional 89,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 acquiring an additional 81,318 shares in the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

About Concrete Pumping

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.