Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) Director Brent Stevens sold 50,000 shares of Concrete Pumping stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $10.65, for a total value of $532,500.00. Following the transaction, the director owned 747,155 shares in the company, valued at approximately $7,957,200.75. This represents a 6.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Concrete Pumping Stock Up 4.2%
NASDAQ BBCP opened at $11.14 on Friday. Concrete Pumping Holdings, Inc. has a 52 week low of $5.55 and a 52 week high of $11.98. 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 business's fifty day simple moving average is $7.91 and its 200-day simple moving average is $7.11. The firm has a market cap of $562.68 million, a PE ratio of 79.57 and a beta of 0.94.
Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings results on Thursday, June 4th. The company reported $0.04 EPS 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 company had revenue of $106.80 million for the quarter, compared to analysts' expectations of $96.71 million. As a group, equities analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on BBCP shares. Robert W. Baird raised their price objective on Concrete Pumping from $8.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday. Weiss Ratings raised Concrete Pumping from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, June 5th. Finally, Wall Street Zen raised Concrete Pumping from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.25.
Check Out Our Latest Research Report on BBCP
Hedge Funds Weigh In On Concrete Pumping
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 81,318 shares during the period. Royce & Associates LP lifted its stake in Concrete Pumping by 1.1% during the fourth quarter. Royce & Associates LP now owns 1,787,807 shares of the company's stock worth $11,996,000 after purchasing an additional 20,166 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in Concrete Pumping by 3.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company's stock worth $4,146,000 after purchasing an additional 19,171 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Concrete Pumping by 0.9% during the second quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company's stock worth $3,628,000 after purchasing an additional 5,224 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Concrete Pumping by 11.3% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 34.20% of the company's stock.
About Concrete Pumping
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
