Concrete Pumping (NASDAQ:BBCP) Rating Increased to Buy at Wall Street Zen

Concrete Pumping (NASDAQ:BBCP) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Robert W. Baird upped their target price on shares of Concrete Pumping from $7.50 to $8.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Concrete Pumping in a research report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Concrete Pumping has an average rating of “Hold” and a consensus target price of $8.25.

Concrete Pumping Stock Up 30.7%

Shares of NASDAQ BBCP opened at $10.43 on Friday. The firm’s 50-day simple moving average is $7.60 and its 200 day simple moving average is $6.96. The company has a market cap of $526.82 million, a price-to-earnings ratio of 74.50 and a beta of 0.94. The company has a quick ratio of 1.82, a current ratio of 1.96 and a debt-to-equity ratio of 1.59. Concrete Pumping has a 12-month low of $5.55 and a 12-month high of $11.98.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Thursday, June 4th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%.The company had revenue of $106.80 million for the quarter, compared to analyst estimates of $96.71 million. On average, research analysts expect that Concrete Pumping will post 0.12 earnings per share for the current fiscal year.

Institutional Trading of Concrete Pumping

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its position in shares of Concrete Pumping by 15.0% in 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 period. Seven Six Capital Management LLC raised its position in shares of Concrete Pumping by 9.6% in 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 period. Renaissance Technologies LLC raised its position in shares of Concrete Pumping by 10.7% in 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 period. Aristides Capital LLC raised its position in shares of Concrete Pumping by 89.6% in 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 period. Finally, Dimensional Fund Advisors LP raised its position in shares of Concrete Pumping by 4.1% in 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 period. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Key Concrete Pumping News

Here are the key news stories impacting Concrete Pumping this week:

• Positive Sentiment: Quarterly revenue rose 14% to $106.8 million, beating the consensus estimate of $96.71 million and signaling stronger-than-expected demand. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: Adjusted EBITDA increased 17% to $26.4 million and income from operations jumped 46%, suggesting margin expansion and better operating leverage. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: The company raised its FY 2026 revenue guidance to $410 million-$425 million, above the prior Street view, which reinforces confidence in the near-term growth outlook. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
• Neutral Sentiment: EPS came in at $0.04, below the $0.06 consensus, but investors appear to be focusing more on the revenue beat and improved margins than the earnings miss. MarketBeat BBCP earnings summary
• Neutral Sentiment: Commentary around stronger data center and chip-fab construction activity added an encouraging growth angle, helping explain the sharp stock reaction. Why Concrete Pumping Holdings Rocketed Over 30% Today On a Brutal Day For The Markets

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.