Ritholtz Wealth Management Has $843,000 Holdings in Concrete Pumping Holdings, Inc. $BBCP

Ritholtz Wealth Management cut its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 28.6% in the first quarter, HoldingsChannel reports. The fund owned 118,104 shares of the company’s stock after selling 47,337 shares during the period. Ritholtz Wealth Management’s holdings in Concrete Pumping were worth $843,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in shares of Concrete Pumping by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,001,474 shares of the company’s stock valued at $13,431,000 after purchasing an additional 58,767 shares during the last quarter. Royce & Associates LP raised its position in Concrete Pumping by 1.1% in the 4th quarter. Royce & Associates LP now owns 1,787,807 shares of the company’s stock worth $11,996,000 after purchasing an additional 20,166 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in Concrete Pumping by 3.2% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company’s stock worth $4,146,000 after buying an additional 19,171 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Concrete Pumping by 0.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock worth $3,628,000 after buying an additional 5,224 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Concrete Pumping by 11.3% in the 4th quarter. First Eagle Investment Management LLC now owns 539,689 shares of the company’s stock valued at $3,621,000 after buying an additional 54,784 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Concrete Pumping Trading Up 2.3%

Shares of NASDAQ BBCP opened at $11.86 on Tuesday. The company’s 50 day simple moving average is $8.82 and its 200 day simple moving average is $7.51. Concrete Pumping Holdings, Inc. has a fifty-two week low of $5.55 and a fifty-two week high of $11.98. The firm has a market capitalization of $597.66 million, a P/E ratio of 84.71 and a beta of 0.94. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.73 and a quick ratio of 1.61.

Concrete Pumping (NASDAQ:BBCP) last released its 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 for the quarter, compared to analyst estimates of $96.71 million. Concrete Pumping had a return on equity of 3.47% and a net margin of 2.23%. On average, analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Concrete Pumping

In related news, CFO Iain Humphries sold 96,955 shares of the company’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Brent M. Stevens sold 100,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $10.65, for a total value of $1,065,000.00. Following the completion of the transaction, the director directly owned 597,155 shares in the company, valued at $6,359,700.75. The trade was a 14.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 246,955 shares of company stock worth $2,643,644 over the last 90 days. 28.20% of the stock is owned by corporate insiders.

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.