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 the firm’s 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 owned 377,812 shares of the company’s stock, valued at approximately $4,076,591.48. This trade represents a 20.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP traded down $0.02 during mid-day trading on Friday, reaching $11.12. The company had a trading volume of 227,696 shares, compared to its average volume of 193,527. The company has a current ratio of 1.73, a quick ratio of 1.61 and a debt-to-equity ratio of 1.59. Concrete Pumping Holdings, Inc. has a 1-year low of $5.55 and a 1-year high of $11.98. The stock has a market cap of $561.67 million, a PE ratio of 79.43 and a beta of 0.94. The company has a 50-day moving average price of $7.91 and a two-hundred day moving average price of $7.11.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Thursday, June 4th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. On average, equities analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on BBCP. Robert W. Baird boosted their target price on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wall Street Zen upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings raised shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a 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. Based on data from MarketBeat.com, Concrete Pumping currently has a consensus rating of “Hold” and a consensus price target of $10.25.

Institutional Trading of Concrete Pumping

A number of hedge funds and other institutional investors have recently made changes to their positions in BBCP. BNP Paribas Financial Markets increased its stake in shares of Concrete Pumping by 97.5% in the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after buying an additional 2,187 shares in the last quarter. Acadian Asset Management LLC bought a new position in Concrete Pumping during the first quarter worth about $54,000. Strs Ohio bought a new position in Concrete Pumping during the first quarter worth about $62,000. Verition Fund Management LLC bought a new position in shares of Concrete Pumping during the 4th quarter valued at about $69,000. Finally, OakTrust Wealth Advisors LLC bought a new position in shares of Concrete Pumping during the 4th quarter valued at about $71,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

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.