Concrete Pumping (NASDAQ:BBCP) Director Sells $532,500.00 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 50,000 shares of Concrete Pumping stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $10.65, for a total value of $532,500.00. Following the completion of the sale, the director owned 747,155 shares of the company’s stock, valued at $7,957,200.75. The trade was a 6.27% 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 Stock Performance

BBCP stock opened at $11.12 on Friday. 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 business has a 50-day moving average price of $7.99 and a 200 day moving average price of $7.13. The company has a market capitalization of $560.34 million, a P/E ratio of 79.43 and a beta of 0.94. Concrete Pumping Holdings, Inc. has a 1-year low of $5.55 and a 1-year high of $11.98.

Concrete Pumping (NASDAQ:BBCP) last released 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). The firm 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 forecast that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented 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 boosted 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Concrete Pumping has an average rating of “Hold” and a consensus target price of $10.25.

Institutional Investors Weigh In On Concrete Pumping

A number of large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Concrete Pumping by 15.0% during the first quarter. Bank of America Corp DE now owns 39,563 shares of the company’s stock worth $282,000 after acquiring an additional 5,154 shares during the last quarter. Seven Six Capital Management LLC boosted its position in Concrete Pumping by 9.6% in the first quarter. Seven Six Capital Management LLC now owns 529,981 shares of the company’s stock valued at $3,784,000 after buying an additional 46,512 shares during the last quarter. Renaissance Technologies LLC boosted its position in Concrete Pumping by 10.7% in the first quarter. Renaissance Technologies LLC now owns 301,584 shares of the company’s stock valued at $2,153,000 after buying an additional 29,084 shares during the last quarter. Aristides Capital LLC boosted its position in Concrete Pumping by 89.6% in the first quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock valued at $1,346,000 after buying an additional 89,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Concrete Pumping by 4.1% in the first 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 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.