Epoch Investment Partners Inc. Makes New Investment in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Epoch Investment Partners Inc. bought a new position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 435,328 shares of the company’s stock, valued at approximately $3,439,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Federated Hermes Inc. boosted its position in Concrete Pumping by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 98,942 shares of the company’s stock valued at $811,000 after buying an additional 2,093 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Concrete Pumping by 8.1% in the first quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company’s stock valued at $470,000 after acquiring an additional 4,459 shares during the last quarter. Aristides Capital LLC increased its position in Concrete Pumping by 12.7% in the fourth quarter. Aristides Capital LLC now owns 53,845 shares of the company’s stock worth $442,000 after purchasing an additional 6,077 shares during the period. Heirloom Wealth Management raised its holdings in Concrete Pumping by 20.1% during the 4th quarter. Heirloom Wealth Management now owns 59,254 shares of the company’s stock worth $486,000 after purchasing an additional 9,920 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Concrete Pumping during the 4th quarter valued at about $101,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Insider Activity at Concrete Pumping

In other Concrete Pumping news, CEO Bruce F. Young sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $7.00, for a total transaction of $35,000.00. Following the sale, the chief executive officer now directly owns 2,040,753 shares in the company, valued at approximately $14,285,271. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 27.40% of the stock is owned by insiders.

Concrete Pumping Trading Up 0.8 %

Shares of NASDAQ BBCP opened at $6.55 on Monday. Concrete Pumping Holdings, Inc. has a twelve month low of $5.58 and a twelve month high of $9.15. The stock has a market cap of $354.49 million, a price-to-earnings ratio of 21.13 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.24 and a debt-to-equity ratio of 1.21. The company’s fifty day moving average is $6.56 and its 200-day moving average is $7.23.

Concrete Pumping (NASDAQ:BBCP) last posted its earnings results on Thursday, June 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Concrete Pumping had a return on equity of 6.83% and a net margin of 4.25%. The business had revenue of $107.06 million for the quarter, compared to the consensus estimate of $112.97 million. During the same quarter in the prior year, the firm posted $0.09 earnings per share. The business’s revenue was down .7% on a year-over-year basis. Equities research analysts predict that Concrete Pumping Holdings, Inc. will post 0.39 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. William Blair downgraded shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a research note on Friday, June 7th. DA Davidson dropped their target price on shares of Concrete Pumping from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, June 10th. Robert W. Baird reduced their price target on Concrete Pumping from $8.50 to $7.50 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Finally, Stifel Nicolaus dropped their price objective on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating for the company in a report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $8.25.

Concrete Pumping 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.