Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Stock Position Raised by Royce & Associates LP

Royce & Associates LP lifted its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,448,577 shares of the company's stock after purchasing an additional 176,490 shares during the quarter. Royce & Associates LP owned 2.73% of Concrete Pumping worth $9,648,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of BBCP. Empowered Funds LLC raised its holdings in Concrete Pumping by 5.3% during the third quarter. Empowered Funds LLC now owns 304,382 shares of the company's stock worth $1,762,000 after purchasing an additional 15,410 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new position in shares of Concrete Pumping during the 3rd quarter valued at $371,000. JB Capital Partners LP increased its position in shares of Concrete Pumping by 26.2% during the 3rd quarter. JB Capital Partners LP now owns 241,100 shares of the company's stock valued at $1,396,000 after purchasing an additional 50,000 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Concrete Pumping in the 3rd quarter worth $2,933,000. Finally, Mill Road Capital Management LLC lifted its holdings in shares of Concrete Pumping by 96.8% in the third quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company's stock valued at $6,198,000 after buying an additional 526,379 shares during the period. 34.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on BBCP shares. DA Davidson lowered their target price on Concrete Pumping from $9.50 to $9.00 and set a "buy" rating on the stock in a report on Wednesday, March 12th. Robert W. Baird lowered their price objective on shares of Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.44.

Remove Ads

Concrete Pumping Trading Down 2.8 %

Shares of Concrete Pumping stock traded down $0.16 on Friday, reaching $5.63. 173,098 shares of the company were exchanged, compared to its average volume of 120,546. Concrete Pumping Holdings, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The firm has a market capitalization of $298.41 million, a price-to-earnings ratio of 21.65 and a beta of 1.25. 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 stock has a fifty day moving average price of $7.22 and a 200-day moving average price of $6.50.

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

Concrete Pumping Announces Dividend

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

Insider Buying and Selling

In other Concrete Pumping news, CEO Bruce F. Young bought 49,507 shares of Concrete Pumping stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the acquisition, the chief executive officer now directly owns 1,722,622 shares of the company's stock, valued at approximately $8,940,408.18. This trade represents a 2.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 26.60% of the company's stock.

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.