CONCRETE PUMPING HOLDINGS, INC. $BBCP Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its stake in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) by 84.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,655 shares of the company’s stock after buying an additional 76,808 shares during the period. Ritholtz Wealth Management owned 0.32% of CONCRETE PUMPING worth $1,031,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in CONCRETE PUMPING in the first quarter worth $54,000. Strs Ohio bought a new position in shares of CONCRETE PUMPING in the first quarter worth $62,000. XTX Topco Ltd bought a new position in shares of CONCRETE PUMPING in the first quarter worth $69,000. Kathmere Capital Management LLC bought a new position in shares of CONCRETE PUMPING in the second quarter worth $70,000. Finally, EntryPoint Capital LLC bought a new position in shares of CONCRETE PUMPING in the first quarter worth $73,000. 34.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BBCP. Robert W. Baird increased their price target on CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a “neutral” rating in a research note on Friday, September 5th. DA Davidson increased their price target on CONCRETE PUMPING from $8.00 to $8.50 and gave the stock a “buy” rating in a research note on Monday, September 8th. Zacks Research raised CONCRETE PUMPING to a “hold” rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of CONCRETE PUMPING in a research note on Tuesday. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, CONCRETE PUMPING currently has a consensus rating of “Hold” and an average target price of $7.50.

CONCRETE PUMPING Trading Down 3.0%

Shares of BBCP stock opened at $6.48 on Friday. The stock has a 50-day simple moving average of $7.01 and a 200 day simple moving average of $6.66. CONCRETE PUMPING HOLDINGS, INC. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The stock has a market capitalization of $333.53 million, a P/E ratio of 40.50 and a beta of 1.13. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 1.60.

CONCRETE PUMPING (NASDAQ:BBCP) last announced its earnings results on Thursday, September 4th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. CONCRETE PUMPING had a return on equity of 4.19% and a net margin of 2.65%.The business had revenue of $103.68 million during the quarter, compared to analysts’ expectations of $99.76 million. During the same quarter last year, the business posted $0.13 earnings per share. CONCRETE PUMPING has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 earnings per share for the current fiscal year.

CONCRETE PUMPING Company Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.