Concrete Pumping (NASDAQ:BBCP) CFO Iain Humphries Sells 96,955 Shares

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CFO Iain Humphries sold 96,955 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total value of $1,046,144.45. Following the transaction, the chief financial officer directly owned 377,812 shares in the company, valued at $4,076,591.48. This trade represents a 20.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Concrete Pumping Stock Down 0.2%

Shares of NASDAQ:BBCP traded down $0.02 during trading on Friday, hitting $11.12. 227,696 shares of the company were exchanged, compared to its average volume of 193,527. The stock has a market cap of $561.67 million, a price-to-earnings ratio of 79.43 and a beta of 0.94. Concrete Pumping Holdings, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $11.98. The firm has a fifty day moving average price of $7.91 and a two-hundred day moving average price of $7.11. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.59.

Concrete Pumping (NASDAQ:BBCP) last posted its earnings results on Thursday, June 4th. The company reported $0.04 earnings per share 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 analyst estimates of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. As a group, research analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Concrete Pumping

Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets grew its stake in Concrete Pumping by 97.5% in the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after acquiring an additional 2,187 shares during the period. Acadian Asset Management LLC bought a new position in shares of Concrete Pumping in the first quarter valued at approximately $54,000. Strs Ohio bought a new stake in Concrete Pumping during the first quarter worth $62,000. Verition Fund Management LLC bought a new stake in Concrete Pumping during the fourth quarter worth $69,000. Finally, OakTrust Wealth Advisors LLC bought a new stake in Concrete Pumping during the fourth quarter worth $71,000. Institutional investors own 34.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on BBCP. Wall Street Zen upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research note 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 upped their target price on Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.25.

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.