Brent Stevens Sells 97,700 Shares of Concrete Pumping (NASDAQ:BBCP) Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 97,700 shares of the stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $10.83, for a total transaction of $1,058,091.00. Following the sale, the director owned 497,155 shares of the company’s stock, valued at $5,384,188.65. This trade represents a 16.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Concrete Pumping Price Performance

NASDAQ:BBCP traded up $0.03 on Monday, reaching $10.90. The stock had a trading volume of 171,168 shares, compared to its average volume of 211,852. 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 market capitalization of $549.28 million, a P/E ratio of 77.86 and a beta of 0.84. Concrete Pumping Holdings, Inc. has a 1-year low of $5.55 and a 1-year high of $12.19. The stock has a fifty day moving average price of $9.45 and a 200-day moving average price of $7.78.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on BBCP shares. Wall Street Zen raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Zacks Research upgraded Concrete Pumping from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. Weiss Ratings upgraded 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 price target on Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $10.25.

Institutional Trading of Concrete Pumping

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Concrete Pumping by 5.7% in the first quarter. Royal Bank of Canada now owns 161,031 shares of the company’s stock valued at $878,000 after purchasing an additional 8,620 shares in the last quarter. AQR Capital Management LLC bought a new position in Concrete Pumping in the 1st quarter worth approximately $78,000. Empowered Funds LLC lifted its holdings in Concrete Pumping by 3.7% during the 1st quarter. Empowered Funds LLC now owns 321,737 shares of the company’s stock worth $1,757,000 after buying an additional 11,605 shares in the last quarter. Jane Street Group LLC lifted its holdings in Concrete Pumping by 166.4% during the 1st quarter. Jane Street Group LLC now owns 31,906 shares of the company’s stock worth $174,000 after buying an additional 19,929 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in Concrete Pumping in the 1st quarter valued at $54,000. 34.20% of the stock is owned by institutional investors.

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.