Concrete Pumping (NASDAQ:BBCP) Director Sells $532,500.00 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 50,000 shares of Concrete Pumping stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $10.65, for a total value of $532,500.00. Following the completion of the sale, the director directly owned 747,155 shares of the company’s stock, valued at $7,957,200.75. The trade was a 6.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Concrete Pumping Stock Up 4.2%

BBCP traded up $0.45 on Thursday, hitting $11.14. 571,589 shares of the company were exchanged, compared to its average volume of 193,186. Concrete Pumping Holdings, Inc. has a twelve month low of $5.55 and a twelve month high of $11.98. The company has a market cap of $562.69 million, a price-to-earnings ratio of 79.57 and a beta of 0.94. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.59. The firm has a 50-day moving average price of $7.83 and a two-hundred day moving average price of $7.07.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $106.80 million for 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%. On average, equities analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBCP. Wall Street Zen raised Concrete Pumping from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Weiss Ratings raised Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Finally, Robert W. Baird boosted their target price on Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $10.25.

Institutional Trading of Concrete Pumping

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Concrete Pumping by 15.0% during the 1st quarter. Bank of America Corp DE now owns 39,563 shares of the company’s stock valued at $282,000 after acquiring an additional 5,154 shares during the last quarter. Seven Six Capital Management LLC raised its stake in Concrete Pumping by 9.6% during the 1st quarter. Seven Six Capital Management LLC now owns 529,981 shares of the company’s stock valued at $3,784,000 after acquiring an additional 46,512 shares during the last quarter. Renaissance Technologies LLC raised its stake in Concrete Pumping by 10.7% during the 1st quarter. Renaissance Technologies LLC now owns 301,584 shares of the company’s stock valued at $2,153,000 after acquiring an additional 29,084 shares during the last quarter. Aristides Capital LLC raised its stake in Concrete Pumping by 89.6% during the 1st quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock valued at $1,346,000 after acquiring an additional 89,081 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised 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 last quarter. 34.20% of the stock is owned by hedge funds and other institutional investors.

About Concrete Pumping

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.