Concrete Pumping Holdings, Inc. (BBCP) to Issue Quarterly Dividend of $0.13 on October 2nd

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) announced a quarterly dividend on Wednesday, September 2nd. Stockholders of record on Friday, September 18th will be paid a dividend of 0.13 per share on Friday, October 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Friday, September 18th.

Concrete Pumping has a dividend payout ratio of 120.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Concrete Pumping to earn $0.29 per share next year, which means the company may not be able to cover its $0.52 annual dividend with an expected future payout ratio of 179.3%.

Concrete Pumping Trading Down 0.4%

Shares of NASDAQ BBCP opened at $10.25 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 1.56. Concrete Pumping has a 12 month low of $5.55 and a 12 month high of $12.19. The company has a market cap of $516.50 million, a price-to-earnings ratio of 64.07 and a beta of 0.86. The business has a fifty day simple moving average of $9.93 and a 200-day simple moving average of $8.88.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $116.77 million for the quarter, compared to analysts’ expectations of $110.19 million. Concrete Pumping had a return on equity of 3.91% and a net margin of 2.45%. Sell-side analysts predict that Concrete Pumping will post 0.19 EPS for the current year.

Insider Buying and Selling

In other Concrete Pumping news, Director M. Brent Stevens sold 97,700 shares of the firm’s stock in a transaction dated Friday, July 10th. The stock was sold at an average price of $10.83, for a total transaction of $1,058,091.00. Following the completion of the sale, the director directly owned 497,155 shares in the company, valued at approximately $5,384,188.65. This trade represents a 16.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 28.20% of the company’s stock.

Institutional Trading of Concrete Pumping

Hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc acquired a new stake in shares of Concrete Pumping during the 2nd quarter valued at $26,000. Bard Associates Inc. acquired a new position in shares of Concrete Pumping in the second quarter worth $30,000. L2 Asset Management LLC acquired a new position in shares of Concrete Pumping in the second quarter worth $124,000. OakTrust Wealth Advisors LLC acquired a new position in shares of Concrete Pumping in the fourth quarter worth $71,000. Finally, Vise Technologies Inc. purchased a new stake in shares of Concrete Pumping during the second quarter worth $149,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) provides concrete pumping and related services to the construction industry. Through its operating businesses, the company supplies equipment and trained personnel to place concrete on residential, commercial, infrastructure, and other construction projects.

The company operates primarily through Brundage-Bone Concrete Pumping, a provider of concrete placement services in the United States, and Camfaud Group, which serves the United Kingdom.