Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Receives $7.88 Consensus PT from Analysts

Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) have been assigned an average rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $7.55.

Several analysts recently commented on BBCP shares. Robert W. Baird dropped their price objective on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday. DA Davidson dropped their price objective on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Thursday. William Blair downgraded Concrete Pumping from an “outperform” rating to a “market perform” rating in a research note on Friday, June 7th. Stifel Nicolaus dropped their price objective on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, UBS Group downgraded Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.50 to $6.25 in a research note on Friday.

Hedge Funds Weigh In On Concrete Pumping

A number of large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Concrete Pumping by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after acquiring an additional 91,469 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in Concrete Pumping by 1.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company’s stock worth $6,308,000 after acquiring an additional 15,847 shares during the last quarter. Epoch Investment Partners Inc. acquired a new stake in Concrete Pumping during the first quarter worth approximately $3,439,000. Empowered Funds LLC lifted its position in Concrete Pumping by 8.2% during the first quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock worth $2,119,000 after acquiring an additional 20,290 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Concrete Pumping by 100.0% in the second quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock valued at $710,000 after buying an additional 59,107 shares in the last quarter. Institutional investors own 34.20% of the company’s stock.

Concrete Pumping Stock Performance

BBCP stock opened at $5.26 on Friday. The business’s fifty day moving average is $6.23 and its 200-day moving average is $6.86. 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 has a market cap of $284.67 million, a P/E ratio of 16.97 and a beta of 1.11. Concrete Pumping has a twelve month low of $5.05 and a twelve month high of $9.15.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $109.62 million during the quarter, compared to analyst estimates of $126.10 million. Concrete Pumping had a net margin of 4.25% and a return on equity of 6.83%. During the same period last year, the company earned $0.17 EPS. Equities research analysts forecast that Concrete Pumping will post 0.38 EPS for the current year.

Concrete Pumping Company 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.