Concrete Pumping (NASDAQ:BBCP) Director Brent Stevens Sells 2,300 Shares of Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCPGet Free Report) Director Brent Stevens sold 2,300 shares of the stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.78, for a total value of $24,794.00. Following the completion of the transaction, the director directly owned 594,855 shares of the company’s stock, valued at $6,412,536.90. This represents a 0.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Concrete Pumping Trading Up 0.3%

BBCP opened at $10.90 on Tuesday. The stock has a market cap of $549.25 million, a PE 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. The business has a 50 day moving average of $9.51 and a 200-day moving average of $7.81. Concrete Pumping Holdings, Inc. has a 52 week low of $5.55 and a 52 week high of $12.19.

Concrete Pumping (NASDAQ:BBCPGet Free Report) last issued its quarterly earnings results 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 analysts’ expectations of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. Equities research analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BBCP. Zacks Research raised shares of Concrete Pumping from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Robert W. Baird boosted their price objective on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note 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 equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.25.

Get Our Latest Stock Analysis on BBCP

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings 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 valued at $282,000 after purchasing an additional 5,154 shares in the last quarter. Seven Six Capital Management LLC increased its holdings in Concrete Pumping by 9.6% in the 1st quarter. Seven Six Capital Management LLC now owns 529,981 shares of the company’s stock worth $3,784,000 after buying an additional 46,512 shares in the last quarter. Renaissance Technologies LLC raised its position in Concrete Pumping by 10.7% in the 1st quarter. Renaissance Technologies LLC now owns 301,584 shares of the company’s stock worth $2,153,000 after buying an additional 29,084 shares during the last quarter. Aristides Capital LLC raised its position in Concrete Pumping by 89.6% in the 1st quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock worth $1,346,000 after buying an additional 89,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 acquiring an additional 81,318 shares during the period. 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.

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