Robert W. Baird Lowers Concrete Pumping (NASDAQ:BBCP) Price Target to $6.50

Concrete Pumping (NASDAQ:BBCP - Free Report) had its target price lowered by Robert W. Baird from $7.00 to $6.50 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

Concrete Pumping Stock Up 3.3 %

Shares of BBCP stock traded up $0.18 on Wednesday, hitting $5.64. The company's stock had a trading volume of 330,990 shares, compared to its average volume of 120,061. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. The stock has a market capitalization of $298.94 million, a price-to-earnings ratio of 21.69 and a beta of 1.25. Concrete Pumping has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The firm's fifty day moving average price is $7.31 and its 200-day moving average price is $6.52.

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

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Concrete Pumping Dividend Announcement

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

Insider Activity

In related news, CEO Bruce F. Young bought 49,507 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $5.19 per share, with a total value of $256,941.33. Following the completion of the transaction, the chief executive officer now owns 1,722,622 shares of the company's stock, valued at $8,940,408.18. The trade was a 2.96 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 26.60% of the stock is currently owned by company insiders.

Institutional Trading of Concrete Pumping

Several hedge funds and other institutional investors have recently bought and sold shares of BBCP. Cubist Systematic Strategies LLC acquired a new stake in Concrete Pumping during the fourth quarter worth about $55,000. MetLife Investment Management LLC boosted its position in shares of Concrete Pumping by 54.0% during the 4th quarter. MetLife Investment Management LLC now owns 11,202 shares of the company's stock valued at $75,000 after acquiring an additional 3,928 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Concrete Pumping in the fourth quarter valued at about $75,000. SG Americas Securities LLC acquired a new position in Concrete Pumping in the fourth quarter worth about $81,000. Finally, Wells Fargo & Company MN lifted its stake in Concrete Pumping by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock worth $93,000 after purchasing an additional 3,042 shares during the period. 34.20% of the stock is currently owned by institutional investors and hedge funds.

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.