Insider Selling: Concrete Pumping (NASDAQ:BBCP) CFO Sells $1,046,144.45 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CFO Iain Humphries sold 96,955 shares of Concrete Pumping stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total value of $1,046,144.45. Following the completion of the sale, the chief financial officer owned 377,812 shares in the company, valued at approximately $4,076,591.48. This represents a 20.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Concrete Pumping Price Performance

Shares of Concrete Pumping stock opened at $11.12 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59. The company has a market cap of $560.34 million, a PE ratio of 79.43 and a beta of 0.94. The business has a 50 day moving average of $7.99 and a 200 day moving average of $7.14. Concrete Pumping Holdings, Inc. has a 52 week low of $5.55 and a 52 week high of $11.98.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Thursday, June 4th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The business had revenue of $106.80 million during the quarter, compared to analysts’ expectations of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. As a group, equities research analysts forecast that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of Concrete Pumping

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its position in shares of Concrete Pumping by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock worth $14,869,000 after buying an additional 81,318 shares during the period. Royce & Associates LP lifted its position in Concrete Pumping by 1.1% during the 4th quarter. Royce & Associates LP now owns 1,787,807 shares of the company’s stock valued at $11,996,000 after acquiring an additional 20,166 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in Concrete Pumping by 3.2% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company’s stock worth $4,146,000 after acquiring an additional 19,171 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in Concrete Pumping by 0.9% during the second quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock worth $3,628,000 after acquiring an additional 5,224 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in Concrete Pumping by 11.3% in the fourth quarter. First Eagle Investment Management LLC now owns 539,689 shares of the company’s stock worth $3,621,000 after purchasing an additional 54,784 shares during the period. Institutional investors own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

BBCP has been the topic of a number of research reports. Weiss Ratings raised shares of Concrete Pumping from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, June 5th. Robert W. Baird raised their price objective on shares of Concrete Pumping from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen raised Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.25.

About Concrete Pumping

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.