Insider Selling: Concrete Pumping (NASDAQ:BBCP) Director Sells 50,000 Shares of Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $10.65, for a total value of $532,500.00. Following the transaction, the director owned 747,155 shares in the company, valued at $7,957,200.75. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Concrete Pumping Stock Performance

NASDAQ BBCP traded up $0.45 on Thursday, hitting $11.14. 571,589 shares of the company’s stock were exchanged, compared to its average volume of 193,186. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.73 and a quick ratio of 1.61. The firm’s 50-day moving average price is $7.83 and its two-hundred day moving average price is $7.07. 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 market cap of $562.69 million, a price-to-earnings ratio of 79.57 and a beta of 0.94.

Concrete Pumping (NASDAQ:BBCP) last released its 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 business 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 Holdings, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Concrete Pumping

Institutional investors and hedge funds have recently modified their holdings of the company. Raiffeisen Bank International AG grew its holdings in shares of Concrete Pumping by 64.0% in the 3rd quarter. Raiffeisen Bank International AG now owns 254,785 shares of the company’s stock worth $1,796,000 after acquiring an additional 99,395 shares during the period. Royce & Associates LP grew its holdings in shares of Concrete Pumping by 5.4% in the 3rd quarter. Royce & Associates LP now owns 1,767,641 shares of the company’s stock worth $12,462,000 after acquiring an additional 90,516 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Concrete Pumping by 13.8% in the 3rd quarter. GSA Capital Partners LLP now owns 83,790 shares of the company’s stock worth $591,000 after acquiring an additional 10,185 shares during the period. North Star Investment Management Corp. acquired a new stake in shares of Concrete Pumping in the 1st quarter worth approximately $885,000. Finally, Aristides Capital LLC grew its holdings in shares of Concrete Pumping by 7.7% in the 4th quarter. Aristides Capital LLC now owns 99,392 shares of the company’s stock worth $667,000 after acquiring an additional 7,142 shares during the period. Institutional investors and hedge funds 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.