According to Zacks, “Concrete Pumping Holdings Inc. provides concrete pumping services and concrete waste management services primarily in U.S. and U.K. Concrete Pumping Holdings Inc., formerly known as Industrea Acquisition Corp., is based in New York, United States. “
Separately, ValuEngine upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $8.33.
Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Monday, September 16th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $78.66 million during the quarter. On average, sell-side analysts anticipate that Concrete Pumping will post -0.75 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Concrete Pumping by 877.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,331,311 shares of the company’s stock worth $6,816,000 after purchasing an additional 1,195,136 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Concrete Pumping during the 2nd quarter worth about $6,218,000. BlackRock Inc. purchased a new stake in Concrete Pumping during the 2nd quarter worth about $2,798,000. Peregrine Capital Management LLC purchased a new stake in Concrete Pumping during the 2nd quarter worth about $2,629,000. Finally, ICM Asset Management Inc. WA purchased a new stake in Concrete Pumping during the 3rd quarter worth about $881,000. Hedge funds and other institutional investors own 27.74% of the company’s stock.
About Concrete Pumping
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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