Epoch Investment Partners Inc. Takes Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Epoch Investment Partners Inc. purchased a new position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 435,328 shares of the company’s stock, valued at approximately $3,439,000. Epoch Investment Partners Inc. owned 0.81% of Concrete Pumping as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in Concrete Pumping by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 98,942 shares of the company’s stock worth $811,000 after purchasing an additional 2,093 shares during the period. Janney Montgomery Scott LLC raised its position in Concrete Pumping by 15.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,041 shares of the company’s stock worth $451,000 after acquiring an additional 7,520 shares in the last quarter. Private Advisor Group LLC purchased a new position in Concrete Pumping in the fourth quarter worth $101,000. Heirloom Wealth Management lifted its holdings in Concrete Pumping by 20.1% in the fourth quarter. Heirloom Wealth Management now owns 59,254 shares of the company’s stock valued at $486,000 after acquiring an additional 9,920 shares during the period. Finally, Empowered Funds LLC boosted its position in shares of Concrete Pumping by 8.2% during the 1st quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock worth $2,119,000 after purchasing an additional 20,290 shares in the last quarter. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Stock Up 0.8 %

Shares of NASDAQ BBCP opened at $6.55 on Monday. The firm’s 50-day moving average is $6.56 and its two-hundred day moving average is $7.23. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.24 and a quick ratio of 1.17. Concrete Pumping Holdings, Inc. has a 12-month low of $5.58 and a 12-month high of $9.15. The company has a market capitalization of $354.49 million, a PE ratio of 21.13 and a beta of 1.10.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The company had revenue of $107.06 million for the quarter, compared to the consensus estimate of $112.97 million. Concrete Pumping had a net margin of 4.25% and a return on equity of 6.83%. The company’s revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share. Equities analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Bruce F. Young sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,040,753 shares in the company, valued at approximately $14,285,271. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 27.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on BBCP shares. William Blair cut shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a research note on Friday, June 7th. DA Davidson reduced their price target on shares of Concrete Pumping from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Robert W. Baird lowered their price target on Concrete Pumping from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Monday, June 10th. Finally, Stifel Nicolaus dropped their price objective on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Concrete Pumping has an average rating of “Hold” and a consensus price target of $8.25.

Concrete Pumping Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.