JPMorgan Chase & Co. Boosts Stock Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

JPMorgan Chase & Co. raised its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 128.5% in the third quarter, Holdings Channel reports. The firm owned 73,831 shares of the company’s stock after purchasing an additional 41,524 shares during the period. JPMorgan Chase & Co.’s holdings in Concrete Pumping were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC bought a new position in Concrete Pumping during the third quarter valued at about $2,933,000. Geode Capital Management LLC boosted its stake in Concrete Pumping by 1.1% in the third quarter. Geode Capital Management LLC now owns 564,751 shares of the company’s stock valued at $3,270,000 after acquiring an additional 6,025 shares during the last quarter. Barclays PLC grew its position in shares of Concrete Pumping by 82.6% during the 3rd quarter. Barclays PLC now owns 51,560 shares of the company’s stock valued at $299,000 after acquiring an additional 23,329 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Concrete Pumping during the 2nd quarter worth approximately $26,000. Finally, JB Capital Partners LP raised its holdings in shares of Concrete Pumping by 26.2% in the 3rd quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock worth $1,396,000 after purchasing an additional 50,000 shares during the period. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Price Performance

Shares of NASDAQ BBCP opened at $8.17 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16. The stock has a fifty day simple moving average of $7.27 and a two-hundred day simple moving average of $6.40. Concrete Pumping Holdings, Inc. has a 1-year low of $5.05 and a 1-year high of $9.68. The firm has a market cap of $433.01 million, a price-to-earnings ratio of 31.42 and a beta of 1.12.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share 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%. Analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current year.

Concrete Pumping Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 24th will be given a $1.00 dividend. The ex-dividend date is Friday, January 24th.

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.