Concrete Pumping (NASDAQ:BBCP) Director Sells 2,300 Shares

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 2,300 shares of the stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $10.78, for a total transaction of $24,794.00. Following the transaction, the director directly owned 594,855 shares in the company, valued at approximately $6,412,536.90. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Concrete Pumping Stock Up 0.3%

BBCP traded up $0.03 during midday trading on Monday, hitting $10.90. The company had a trading volume of 171,168 shares, compared to its average volume of 211,852. The stock’s 50 day moving average price is $9.45 and its 200 day moving average price is $7.78. Concrete Pumping Holdings, Inc. has a 52 week low of $5.55 and a 52 week high of $12.19. The company has a market capitalization of $549.28 million, a price-to-earnings ratio of 77.86 and a beta of 0.84. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research raised Concrete Pumping from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. Robert W. Baird upped their target price on Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a 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 Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Concrete Pumping has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Institutional Investors Weigh In On Concrete Pumping

Several hedge funds and other institutional investors have recently made changes to their positions in the business. North Star Investment Management Corp. acquired a new stake in shares of Concrete Pumping in the 1st quarter worth about $885,000. Aristides Capital LLC boosted its stake in Concrete Pumping by 89.6% during the 1st quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock valued at $1,346,000 after purchasing an additional 89,081 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Concrete Pumping by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock valued at $14,869,000 after purchasing an additional 81,318 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Concrete Pumping by 11.3% during the 4th quarter. First Eagle Investment Management LLC now owns 539,689 shares of the company’s stock worth $3,621,000 after purchasing an additional 54,784 shares in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in Concrete Pumping during the 1st quarter worth approximately $345,000. 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.