JPMorgan Chase & Co. Purchases 41,524 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

JPMorgan Chase & Co. raised its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 128.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 73,831 shares of the company's stock after buying an additional 41,524 shares during the period. JPMorgan Chase & Co. owned about 0.14% of Concrete Pumping worth $427,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BBCP. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Concrete Pumping by 5.3% in the 2nd 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 Concrete Pumping in the 2nd quarter valued at $26,000. Heirloom Wealth Management increased its position in shares of Concrete Pumping by 8.8% during 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 last quarter. Geode Capital Management LLC raised its stake in shares of Concrete Pumping by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company's stock worth $3,270,000 after purchasing an additional 6,025 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Concrete Pumping in the 3rd quarter worth about $36,000. Institutional investors own 34.20% of the company's stock.

Concrete Pumping Stock Performance

BBCP stock traded up $0.06 during mid-day trading on Thursday, hitting $8.23. The company had a trading volume of 185,760 shares, compared to its average volume of 273,062. Concrete Pumping Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $9.68. The stock's fifty day moving average price is $7.27 and its two-hundred day moving average price is $6.40. The firm has a market cap of $436.19 million, a PE ratio of 31.66 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, beating 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%. On average, analysts forecast that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be issued a dividend of $1.00 per share. The ex-dividend date is Friday, January 24th.

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.