Bruce F. Young Purchases 49,507 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Bruce F. Young purchased 49,507 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $5.19 per share, for a total transaction 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. This trade represents a 2.96 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Concrete Pumping Trading Up 3.3 %

Shares of Concrete Pumping stock opened at $5.64 on Friday. The company has a market capitalization of $298.94 million, a price-to-earnings ratio of 21.69 and a beta of 1.25. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16. Concrete Pumping Holdings, Inc. has a 12-month low of $4.78 and a 12-month high of $9.68. The firm’s 50-day moving average price is $7.31 and its two-hundred day moving average price is $6.52.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a net margin of 3.81% and a return on equity of 6.19%. 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 business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 24th were paid a $1.00 dividend. The ex-dividend date was Friday, January 24th.

Institutional Investors Weigh In On Concrete Pumping

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

Analyst Upgrades and Downgrades

BBCP has been the topic of a number of recent research reports. Robert W. Baird lowered 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. DA Davidson lowered 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. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.44.

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.