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

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

Concrete Pumping Trading Down 0.2%

Shares of BBCP stock opened at $11.12 on Friday. Concrete Pumping Holdings, Inc. has a 12-month low of $5.55 and a 12-month high of $11.98. The company has a market capitalization of $560.34 million, a P/E ratio of 79.43 and a beta of 0.94. The firm has a 50-day moving average price of $7.99 and a 200 day moving average price of $7.13. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59.

Concrete Pumping (NASDAQ:BBCP) last announced 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 net margin of 2.23% and a return on equity of 3.47%. The firm had revenue of $106.80 million for the quarter, compared to the consensus estimate of $96.71 million. Research analysts forecast 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 have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 2,187 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $54,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Concrete Pumping during the 3rd quarter worth approximately $71,000. Verition Fund Management LLC acquired a new stake in shares of Concrete Pumping during the 4th quarter worth approximately $69,000. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Concrete Pumping during the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

BBCP has been the subject of several analyst reports. Robert W. Baird lifted their price target on shares of Concrete Pumping from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, June 9th. Weiss Ratings raised shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen raised shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.