Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Bruce F. Young Buys 49,507 Shares

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Bruce F. Young purchased 49,507 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now directly owns 1,722,622 shares of the company’s stock, valued at $8,940,408.18. This trade represents a 2.96 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Concrete Pumping Stock Performance

BBCP opened at $5.64 on Friday. The company has a market cap of $298.94 million, a PE ratio of 21.69 and a beta of 1.25. The stock has a 50-day moving average of $7.31 and a 200-day moving average of $6.52. Concrete Pumping Holdings, Inc. has a 52-week low of $4.78 and a 52-week high of $9.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results 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%. As a group, equities research analysts forecast that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 24th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 24th.

Analyst Ratings Changes

A number of research analysts have commented on BBCP shares. DA Davidson lowered their target price on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday. Robert W. Baird lowered their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.44.

Institutional Trading of Concrete Pumping

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

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.