Bruce F. Young Acquires 49,507 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) CEO Bruce F. Young purchased 49,507 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the acquisition, the chief executive officer now owns 1,722,622 shares of the company's stock, valued at approximately $8,940,408.18. The trade was a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Concrete Pumping Stock Performance

BBCP traded down $0.17 during trading on Tuesday, reaching $5.83. 56,650 shares of the company's stock were exchanged, compared to its average volume of 219,876. Concrete Pumping Holdings, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16. The business has a 50 day moving average price of $7.30 and a 200 day moving average price of $6.52. The company has a market capitalization of $308.90 million, a P/E ratio of 22.43 and a beta of 1.25.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.19%. As a group, analysts predict that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Remove Ads

Concrete Pumping Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. DA Davidson lowered their price objective on shares of Concrete Pumping from $9.50 to $9.00 and set a "buy" rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP lifted its holdings in shares of Concrete Pumping by 6.5% during the fourth quarter. Marshall Wace LLP now owns 24,993 shares of the company's stock valued at $166,000 after acquiring an additional 1,529 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Concrete Pumping by 0.9% during the fourth quarter. Renaissance Technologies LLC now owns 243,100 shares of the company's stock valued at $1,619,000 after acquiring an additional 2,100 shares during the period. Trexquant Investment LP lifted its holdings in shares of Concrete Pumping by 9.5% during the fourth quarter. Trexquant Investment LP now owns 25,906 shares of the company's stock valued at $173,000 after acquiring an additional 2,238 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Concrete Pumping by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock valued at $93,000 after acquiring an additional 3,042 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of Concrete Pumping by 3.7% during the fourth quarter. Federated Hermes Inc. now owns 103,072 shares of the company's stock valued at $686,000 after acquiring an additional 3,654 shares during the period. 34.20% of the stock is owned by institutional investors.

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.