Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Free Report) hit a new 52-week high during trading on Saturday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $11.98 and last traded at $10.43, with a volume of 4414518 shares traded. The stock had previously closed at $7.98.
BBCP has been the topic of a number of other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Concrete Pumping in a report on Friday, April 10th. Robert W. Baird raised their price objective on Concrete Pumping from $7.50 to $8.00 and gave the company a “neutral” rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Concrete Pumping currently has a consensus rating of “Hold” and an average price target of $8.25.
View Our Latest Stock Analysis on Concrete Pumping
Key Headlines Impacting Concrete Pumping
- Positive Sentiment: Quarterly revenue rose 14% to $106.8 million, beating the consensus estimate of $96.71 million and signaling stronger-than-expected demand. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Positive Sentiment: Adjusted EBITDA increased 17% to $26.4 million and income from operations jumped 46%, suggesting margin expansion and better operating leverage. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Positive Sentiment: The company raised its FY 2026 revenue guidance to $410 million-$425 million, above the prior Street view, which reinforces confidence in the near-term growth outlook. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Neutral Sentiment: EPS came in at $0.04, below the $0.06 consensus, but investors appear to be focusing more on the revenue beat and improved margins than the earnings miss. MarketBeat BBCP earnings summary
- Neutral Sentiment: Commentary around stronger data center and chip-fab construction activity added an encouraging growth angle, helping explain the sharp stock reaction. Why Concrete Pumping Holdings Rocketed Over 30% Today On a Brutal Day For The Markets
Institutional Trading of Concrete Pumping
Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Concrete Pumping by 15.0% in the 1st 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 holdings in shares of 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 purchasing an additional 46,512 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of 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 purchasing an additional 29,084 shares in the last quarter. Aristides Capital LLC boosted its holdings in shares of 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 purchasing an additional 89,081 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings 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 worth $14,869,000 after purchasing an additional 81,318 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors.
Concrete Pumping Price Performance
The company has a quick ratio of 1.82, a current ratio of 1.96 and a debt-to-equity ratio of 1.59. The stock has a market cap of $526.82 million, a P/E ratio of 74.50 and a beta of 0.94. The firm’s fifty day moving average price is $7.60 and its 200-day moving average price is $6.96.
Concrete Pumping (NASDAQ:BBCP – Get Free Report) 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). Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%.The business had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $96.71 million. Analysts forecast that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.
Concrete Pumping Company Profile
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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