Seven Six Capital Management LLC Buys 46,914 Shares of Concrete Pumping Holdings, Inc. $BBCP

Seven Six Capital Management LLC lifted its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,469 shares of the company’s stock after buying an additional 46,914 shares during the quarter. Concrete Pumping comprises 3.3% of Seven Six Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Seven Six Capital Management LLC’s holdings in Concrete Pumping were worth $3,244,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Deutsche Bank AG raised its stake in shares of Concrete Pumping by 9.2% in the fourth quarter. Deutsche Bank AG now owns 24,345 shares of the company’s stock worth $163,000 after buying an additional 2,049 shares during the period. Jane Street Group LLC raised its stake in shares of Concrete Pumping by 6.4% in the second quarter. Jane Street Group LLC now owns 33,962 shares of the company’s stock worth $209,000 after buying an additional 2,056 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Concrete Pumping by 97.5% in the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock worth $31,000 after buying an additional 2,187 shares during the period. First Trust Advisors LP raised its stake in shares of Concrete Pumping by 4.2% in the second quarter. First Trust Advisors LP now owns 77,067 shares of the company’s stock worth $474,000 after buying an additional 3,076 shares during the period. Finally, Barclays PLC raised its stake in shares of Concrete Pumping by 9.7% in the fourth quarter. Barclays PLC now owns 55,108 shares of the company’s stock worth $370,000 after buying an additional 4,873 shares during the period. Institutional investors own 34.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wall Street Zen raised Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Robert W. Baird lifted their target price on Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.25.

Concrete Pumping Stock Down 1.5%

Shares of BBCP opened at $10.69 on Wednesday. The business’s 50 day moving average is $8.14 and its 200 day moving average is $7.21. The company has a market capitalization of $538.67 million, a PE ratio of 76.36 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. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.59.

Concrete Pumping (NASDAQ:BBCP) last issued its earnings results 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 business had revenue of $106.80 million for 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%. Research analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Concrete Pumping

In related news, Director Brent M. Stevens sold 100,000 shares of Concrete Pumping stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.65, for a total transaction of $1,065,000.00. Following the sale, the director owned 597,155 shares of the company’s stock, valued at approximately $6,359,700.75. This trade represents a 14.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Iain Humphries sold 96,955 shares of Concrete Pumping stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $10.79, for a total value of $1,046,144.45. Following the sale, the chief financial officer directly owned 377,812 shares in the company, valued at $4,076,591.48. This trade represents a 20.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 246,955 shares of company stock worth $2,643,644 in the last three months. 28.20% of the stock is owned by corporate insiders.

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.