Dimensional Fund Advisors LP Buys 91,469 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Dimensional Fund Advisors LP raised its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 6.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,550,933 shares of the company's stock after buying an additional 91,469 shares during the quarter. Dimensional Fund Advisors LP owned about 2.87% of Concrete Pumping worth $9,322,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BBCP. Quadrature Capital Ltd purchased a new position in shares of Concrete Pumping during the first quarter valued at about $180,000. Rhumbline Advisers boosted its position in Concrete Pumping by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 38,239 shares of the company's stock valued at $230,000 after acquiring an additional 1,623 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Concrete Pumping by 8.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company's stock worth $470,000 after acquiring an additional 4,459 shares during the period. Aristides Capital LLC raised its position in shares of Concrete Pumping by 63.5% in the 1st quarter. Aristides Capital LLC now owns 88,052 shares of the company's stock worth $696,000 after acquiring an additional 34,207 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Concrete Pumping by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,341 shares of the company's stock valued at $675,000 after purchasing an additional 12,855 shares during the period. 34.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Robert W. Baird reduced their price target on Concrete Pumping from $7.50 to $6.50 and set a "neutral" rating on the stock in a research note on Thursday, September 5th. DA Davidson dropped their target price on shares of Concrete Pumping from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Thursday, September 5th. Finally, UBS Group lowered shares of Concrete Pumping from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $10.50 to $6.25 in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.55.

Concrete Pumping Stock Down 1.9 %

Concrete Pumping stock traded down $0.11 during mid-day trading on Tuesday, hitting $5.72. The company had a trading volume of 63,733 shares, compared to its average volume of 97,889. Concrete Pumping Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $9.05. The company has a market capitalization of $309.56 million, a PE ratio of 18.81 and a beta of 1.11. The stock's 50 day moving average price is $5.98 and its two-hundred day moving average price is $6.53. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last announced its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $109.62 million for the quarter, compared to analysts' expectations of $126.10 million. Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. During the same period last year, the company posted $0.17 earnings per share. As a group, sell-side analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

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.