CONCRETE PUMPING (NASDAQ:BBCP) Receives "Hold (C)" Rating from Weiss Ratings

Key Points

• Concrete Pumping Holdings (NASDAQ: BBCP) has received a "hold (c)" rating from Weiss Ratings, indicating a cautious outlook for the stock.
• Several analysts have varied opinions, with Robert W. Baird maintaining a "neutral" rating and increasing the target price to $6.50, while DA Davidson issued a "buy" rating with a target increase to $8.50.
• In its latest earnings report, Concrete Pumping reported $0.07 earnings per share, outperforming analysts' expectations of $0.06, and revenue of $103.68 million for the quarter.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by stock analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the stock. Robert W. Baird lifted their target price on shares of CONCRETE PUMPING from $6.00 to $6.50 and gave the company a "neutral" rating in a research note on Friday, September 5th. Zacks Research upgraded shares of CONCRETE PUMPING to a "hold" rating in a research note on Tuesday, August 12th. Finally, DA Davidson boosted their price target on shares of CONCRETE PUMPING from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Monday, September 8th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, CONCRETE PUMPING currently has an average rating of "Hold" and a consensus target price of $7.50.

CONCRETE PUMPING Price Performance

Shares of BBCP traded up $0.06 during trading hours on Tuesday, reaching $6.76. 17,223 shares of the stock traded hands, compared to its average volume of 139,621. The company has a current ratio of 1.75, a quick ratio of 1.64 and a debt-to-equity ratio of 1.60. CONCRETE PUMPING has a 52-week low of $4.78 and a 52-week high of $9.68. The company's 50-day moving average price is $7.02 and its two-hundred day moving average price is $6.64. The company has a market cap of $347.73 million, a P/E ratio of 42.66 and a beta of 1.13.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. CONCRETE PUMPING had a net margin of 2.65% and a return on equity of 4.19%. The company had revenue of $103.68 million for the quarter, compared to analysts' expectations of $99.76 million. During the same quarter in the previous year, the company earned $0.13 EPS. CONCRETE PUMPING has set its FY 2025 guidance at EPS. On average, analysts anticipate that CONCRETE PUMPING will post 0.43 earnings per share for the current year.

Institutional Investors Weigh In On CONCRETE PUMPING

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC increased its stake in shares of 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 purchasing an additional 5,224 shares during the last quarter. Jane Street Group LLC increased its stake in shares of CONCRETE PUMPING by 6.4% during the 2nd quarter. Jane Street Group LLC now owns 33,962 shares of the company's stock worth $209,000 after purchasing an additional 2,056 shares during the last quarter. JB Capital Partners LP increased its stake in shares of CONCRETE PUMPING by 9.4% during the 2nd quarter. JB Capital Partners LP now owns 341,400 shares of the company's stock worth $2,100,000 after purchasing an additional 29,300 shares during the last quarter. First Trust Advisors LP increased its stake in shares of CONCRETE PUMPING by 4.2% during the 2nd quarter. First Trust Advisors LP now owns 77,067 shares of the company's stock worth $474,000 after purchasing an additional 3,076 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of CONCRETE PUMPING by 9.8% during the 2nd quarter. American Century Companies Inc. now owns 103,819 shares of the company's stock worth $638,000 after purchasing an additional 9,246 shares during the last quarter. Hedge funds and other institutional investors own 34.20% of the company's stock.

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.

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