First Eagle Investment Management LLC Purchases New Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

First Eagle Investment Management LLC acquired a new stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 175,633 shares of the company's stock, valued at approximately $1,170,000. First Eagle Investment Management LLC owned approximately 0.33% of Concrete Pumping at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BBCP. Mill Road Capital Management LLC lifted its position in Concrete Pumping by 96.8% in the 3rd quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company's stock valued at $6,198,000 after acquiring an additional 526,379 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new stake in Concrete Pumping in the 3rd quarter valued at $2,933,000. Jennison Associates LLC lifted its position in Concrete Pumping by 10.8% in the 4th quarter. Jennison Associates LLC now owns 1,722,754 shares of the company's stock valued at $11,474,000 after acquiring an additional 167,262 shares in the last quarter. Landscape Capital Management L.L.C. bought a new stake in Concrete Pumping in the 3rd quarter valued at $371,000. Finally, JB Capital Partners LP lifted its position in Concrete Pumping by 26.2% in the 3rd quarter. JB Capital Partners LP now owns 241,100 shares of the company's stock valued at $1,396,000 after acquiring an additional 50,000 shares in the last quarter. 34.20% of the stock is owned by institutional investors.

Insider Transactions at Concrete Pumping

In related news, CEO Bruce F. Young purchased 49,507 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the purchase, the chief executive officer now owns 1,722,622 shares in the company, valued at approximately $8,940,408.18. This represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 26.60% of the stock is owned by company insiders.

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Analysts Set New Price Targets

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

Concrete Pumping Stock Down 1.0 %

NASDAQ:BBCP traded down $0.06 on Thursday, hitting $5.79. 148,396 shares of the company's stock were exchanged, compared to its average volume of 119,929. The company has a market cap of $306.89 million, a P/E ratio of 22.27 and a beta of 1.25. The firm has a 50-day moving average price of $7.27 and a 200-day moving average price of $6.51. Concrete Pumping Holdings, Inc. has a 52 week low of $4.78 and a 52 week high of $9.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89.

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, topping 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%. As a group, analysts expect that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current fiscal year.

Concrete Pumping Announces Dividend

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

Concrete Pumping 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.