Brent Stevens Sells 2,300 Shares of Concrete Pumping (NASDAQ:BBCP) Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 2,300 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $10.78, for a total value of $24,794.00. Following the transaction, the director owned 594,855 shares of the company’s stock, valued at $6,412,536.90. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Concrete Pumping Stock Performance

Shares of BBCP stock opened at $10.43 on Wednesday. The stock has a market cap of $525.57 million, a PE ratio of 74.50 and a beta of 0.84. The stock has a 50-day moving average of $9.56 and a 200-day moving average of $7.83. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.73 and a quick ratio of 1.61. Concrete Pumping Holdings, Inc. has a one year low of $5.55 and a one year high of $12.19.

Concrete Pumping (NASDAQ:BBCP) 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). The firm had revenue of $106.80 million for the quarter, compared to the consensus estimate of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. As a group, sell-side analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBCP shares. Robert W. Baird boosted their price objective on Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. Wall Street Zen raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research upgraded shares of Concrete Pumping from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Concrete Pumping currently has a consensus rating of “Moderate Buy” and an average price target of $10.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in Concrete Pumping by 97.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after buying an additional 2,187 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Concrete Pumping during the 1st quarter worth about $54,000. Strs Ohio bought a new position in shares of Concrete Pumping in the 1st quarter valued at about $62,000. Verition Fund Management LLC bought a new position in shares of Concrete Pumping in the 4th quarter valued at about $69,000. Finally, OakTrust Wealth Advisors LLC acquired a new stake in shares of Concrete Pumping in the fourth quarter valued at about $71,000. Institutional investors own 34.20% of the company’s stock.

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.