Insider Selling: Concrete Pumping (NASDAQ:BBCP) Director Sells $24,794.00 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Director Brent Stevens sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $10.78, for a total value of $24,794.00. Following the transaction, the director directly owned 594,855 shares in the company, valued at $6,412,536.90. The trade was a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Concrete Pumping Stock Performance

NASDAQ BBCP opened at $10.52 on Thursday. Concrete Pumping Holdings, Inc. has a 52-week low of $5.55 and a 52-week high of $12.19. The stock has a market cap of $530.13 million, a PE ratio of 75.14 and a beta of 0.84. The firm has a 50-day moving average of $9.61 and a 200-day moving average of $7.86. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.61 and a current ratio of 1.73.

Concrete Pumping (NASDAQ:BBCP) last issued 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, sell-side analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

BBCP has been the subject of several analyst reports. Wall Street Zen upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, June 5th. 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 research report on Tuesday, June 9th. Finally, Zacks Research upgraded Concrete Pumping from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One investment 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. Based on data from MarketBeat.com, Concrete Pumping presently has an average rating of “Moderate Buy” and an average price target of $10.25.

Institutional Investors Weigh In On Concrete Pumping

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. North Star Investment Management Corp. acquired a new position in shares of Concrete Pumping during the 1st quarter worth $885,000. Seven Six Capital Management LLC boosted its stake in Concrete Pumping by 10.7% in the fourth quarter. Seven Six Capital Management LLC now owns 483,469 shares of the company’s stock valued at $3,244,000 after buying an additional 46,914 shares in the last quarter. Aristides Capital LLC boosted its stake in Concrete Pumping by 89.6% in the first quarter. Aristides Capital LLC now owns 188,473 shares of the company’s stock valued at $1,346,000 after buying an additional 89,081 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Concrete Pumping by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock valued at $14,869,000 after acquiring an additional 81,318 shares during the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Concrete Pumping during the first quarter worth about $345,000. 34.20% of the stock is currently owned by institutional investors.

About Concrete Pumping

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.