Concrete Pumping (NASDAQ:BBCP) Director Brent Stevens Sells 97,700 Shares

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 97,700 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $10.83, for a total value of $1,058,091.00. Following the transaction, the director owned 497,155 shares of the company’s stock, valued at $5,384,188.65. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Concrete Pumping Price Performance

Shares of BBCP stock opened at $10.90 on Tuesday. The stock’s fifty day simple moving average is $9.51 and its 200 day simple moving average is $7.81. Concrete Pumping Holdings, Inc. has a one year low of $5.55 and a one year high of $12.19. The firm has a market cap of $549.25 million, a price-to-earnings ratio of 77.86 and a beta of 0.84. 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 (NASDAQ:BBCP) last released its quarterly earnings data 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). The company 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%. On average, analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBCP. BNP Paribas Financial Markets grew its holdings in Concrete Pumping by 97.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock worth $31,000 after acquiring an additional 2,187 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Concrete Pumping in the first quarter worth about $54,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Concrete Pumping in the third quarter worth about $71,000. Verition Fund Management LLC acquired a new position in shares of Concrete Pumping during the fourth quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Concrete Pumping during the third quarter worth approximately $74,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Analyst Upgrades and Downgrades

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