Key Points
- Concrete Pumping CFO Iain Humphries sold 96,955 shares on June 11 for about $1.05 million at an average price of $10.79, cutting his stake by 20.42% while still holding 377,812 shares.
- The company’s shares were down slightly, opening at $11.12, near their 12-month high of $11.98, and the stock has traded well above both its 50-day and 200-day moving averages.
- Concrete Pumping recently reported Q4 EPS of $0.04, missing estimates, though revenue of $106.8 million beat expectations; analysts currently rate the stock Hold with a consensus target of $10.25.
Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) CFO Iain Humphries sold 96,955 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $10.79, for a total transaction of $1,046,144.45. Following the transaction, the chief financial officer owned 377,812 shares in the company, valued at approximately $4,076,591.48. This trade represents a 20.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Concrete Pumping Stock Down 0.2%
Shares of NASDAQ BBCP opened at $11.12 on Friday. The firm's 50-day simple moving average is $7.99 and its 200 day simple moving average is $7.13. The company has a market cap of $560.34 million, a price-to-earnings ratio of 79.43 and a beta of 0.94. 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 Holdings, Inc. has a 12-month low of $5.55 and a 12-month high of $11.98.
Concrete Pumping (NASDAQ:BBCP - Get Free Report) last issued its quarterly 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 company had revenue of $106.80 million for the quarter, compared to analyst estimates 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 expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently issued reports on BBCP shares. Wall Street Zen upgraded shares of Concrete Pumping from a "hold" rating to a "buy" rating in a research report on Saturday, June 6th. Robert W. Baird upped their target price on shares of Concrete Pumping from $8.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Concrete Pumping from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Concrete Pumping currently has a consensus rating of "Hold" and a consensus target price of $10.25.
Read Our Latest Report on BBCP
Institutional Trading of Concrete Pumping
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its stake in shares of Concrete Pumping by 97.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company's stock valued at $31,000 after acquiring an additional 2,187 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Concrete Pumping in the 1st quarter valued at about $54,000. Strs Ohio bought a new stake in shares of Concrete Pumping in the 1st quarter valued at about $62,000. Verition Fund Management LLC bought a new stake in shares of Concrete Pumping in the 4th quarter valued at about $69,000. Finally, OakTrust Wealth Advisors LLC bought a new stake in shares of Concrete Pumping in the 4th quarter valued at about $71,000. 34.20% of the stock is owned by institutional investors.
Concrete Pumping Company Profile
(
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.
Further Reading
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