North Star Investment Management Corp. Purchases New Holdings in Concrete Pumping Holdings, Inc. $BBCP

North Star Investment Management Corp. acquired a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 124,000 shares of the company’s stock, valued at approximately $885,000. North Star Investment Management Corp. owned 0.25% of Concrete Pumping at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Concrete Pumping by 97.5% during the third quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after buying an additional 2,187 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $54,000. Strs Ohio bought a new stake in shares of Concrete Pumping during the 1st quarter worth approximately $62,000. Verition Fund Management LLC purchased a new position in Concrete Pumping during the 4th quarter valued at $69,000. Finally, OakTrust Wealth Advisors LLC purchased a new position in Concrete Pumping during the 4th quarter valued at $71,000. Institutional investors own 34.20% of the company’s stock.

Insiders Place Their Bets

In other news, Director Brent M. Stevens sold 100,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $10.65, for a total transaction of $1,065,000.00. Following the transaction, the director owned 597,155 shares in the company, valued at approximately $6,359,700.75. This trade represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Iain Humphries sold 96,955 shares of Concrete Pumping stock in a transaction dated Thursday, June 11th. The shares were 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 of the company’s stock, valued at $4,076,591.48. The trade was a 20.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 246,955 shares of company stock worth $2,643,644 in the last three months. Corporate insiders own 28.20% of the company’s stock.

Concrete Pumping Stock Up 2.3%

Shares of NASDAQ BBCP opened at $11.86 on Tuesday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.61 and a current ratio of 1.73. The firm has a market capitalization of $597.66 million, a price-to-earnings ratio of 84.71 and a beta of 0.94. The stock has a 50 day moving average price of $8.82 and a 200 day moving average price of $7.51. 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 released its quarterly earnings data on Thursday, June 4th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.02). The firm had revenue of $106.80 million for 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%. Sell-side analysts expect that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on BBCP shares. Wall Street Zen upgraded Concrete Pumping from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. 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. Finally, Robert W. Baird upped their price target 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $10.25.

Concrete Pumping Profile

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.