Jennison Associates LLC Has $11.47 Million Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Jennison Associates LLC raised its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 10.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,722,754 shares of the company's stock after purchasing an additional 167,262 shares during the period. Jennison Associates LLC owned 3.25% of Concrete Pumping worth $11,474,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. raised its stake in Concrete Pumping by 5.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company's stock worth $432,000 after buying an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Concrete Pumping in the 2nd quarter worth about $26,000. Heirloom Wealth Management lifted its stake in shares of Concrete Pumping by 8.8% in the 3rd quarter. Heirloom Wealth Management now owns 70,688 shares of the company's stock valued at $409,000 after purchasing an additional 5,717 shares during the period. Geode Capital Management LLC lifted its stake in shares of Concrete Pumping by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company's stock valued at $3,270,000 after purchasing an additional 6,025 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Concrete Pumping during the 3rd quarter valued at about $36,000. Institutional investors own 34.20% of the company's stock.

Concrete Pumping Trading Down 2.7 %

BBCP stock traded down $0.21 during mid-day trading on Friday, reaching $7.64. The company's stock had a trading volume of 156,517 shares, compared to its average volume of 307,067. Concrete Pumping Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $9.68. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16. The business's 50 day moving average price is $7.48 and its 200 day moving average price is $6.47. The company has a market cap of $404.92 million, a price-to-earnings ratio of 29.39 and a beta of 1.15.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.19%. On average, equities research analysts predict that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current year.

Concrete Pumping Announces Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $1.00 dividend. The ex-dividend date was Friday, January 24th.

About Concrete Pumping

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.