Concrete Pumping (NASDAQ:BBCP) Price Target Cut to $6.50 by Analysts at Robert W. Baird

Concrete Pumping (NASDAQ:BBCP) had its price target cut by Robert W. Baird from $7.00 to $6.50 in a report issued on Wednesday,Benzinga reports. They currently have a neutral rating on the stock.

Concrete Pumping Stock Down 17.9 %

NASDAQ BBCP opened at $4.96 on Wednesday. The stock’s 50 day moving average is $7.36 and its 200 day moving average is $6.54. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16. Concrete Pumping has a 12 month low of $4.78 and a 12 month high of $9.68. The stock has a market cap of $262.89 million, a PE ratio of 19.08 and a beta of 1.25.

Concrete Pumping (NASDAQ:BBCP) last issued 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%. Research analysts predict that Concrete Pumping 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 issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

Institutional Trading of Concrete Pumping

Several hedge funds have recently modified their holdings of the company. Marshall Wace LLP raised its holdings in shares of Concrete Pumping by 6.5% during the 4th quarter. Marshall Wace LLP now owns 24,993 shares of the company’s stock worth $166,000 after acquiring an additional 1,529 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Concrete Pumping by 0.9% during the 4th quarter. Renaissance Technologies LLC now owns 243,100 shares of the company’s stock worth $1,619,000 after acquiring an additional 2,100 shares in the last quarter. Trexquant Investment LP increased its position in shares of Concrete Pumping by 9.5% during the 4th quarter. Trexquant Investment LP now owns 25,906 shares of the company’s stock valued at $173,000 after purchasing an additional 2,238 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Concrete Pumping by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 13,968 shares of the company’s stock valued at $93,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of Concrete Pumping by 3.7% during the 4th quarter. Federated Hermes Inc. now owns 103,072 shares of the company’s stock valued at $686,000 after purchasing an additional 3,654 shares during the last quarter. 34.20% of the stock is owned by hedge funds and other institutional investors.

About Concrete Pumping

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.