Concrete Pumping (NASDAQ:BBCP) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Concrete Pumping (NASDAQ:BBCP) from "buy" to "hold," reflecting a consensus "Hold" rating among analysts and an average price target of $8.25.
• Quarterly results beat expectations — BBCP posted EPS of ($0.06) vs. a ($0.09) consensus loss and revenue of $90.56M vs. $84.82M, with shares trading around $7.74 (12‑month range $5.55–$7.91) and a PE of 86.
• Institutional activity increased recently: about 34.2% of the stock is institutionally owned, and firms such as RBC, Jane Street and AQR added or initiated positions in the latest quarter.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

BBCP has been the subject of a number of other reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Concrete Pumping in a research note on Friday, April 10th. Robert W. Baird lifted their price objective on Concrete Pumping from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Wednesday, March 11th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $8.25.

Concrete Pumping Trading Down 0.1%

Shares of NASDAQ BBCP opened at $7.74 on Friday. Concrete Pumping has a twelve month low of $5.55 and a twelve month high of $7.91. The company has a current ratio of 1.96, a quick ratio of 1.82 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $7.07 and a 200-day simple moving average of $6.71. The stock has a market capitalization of $390.95 million, a PE ratio of 86.00 and a beta of 0.97.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.03. Concrete Pumping had a return on equity of 2.50% and a net margin of 1.65%.The business had revenue of $90.56 million during the quarter, compared to analysts' expectations of $84.82 million. On average, equities analysts forecast that Concrete Pumping will post 0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BBCP. Royal Bank of Canada grew its stake in Concrete Pumping by 5.7% during the 1st quarter. Royal Bank of Canada now owns 161,031 shares of the company's stock worth $878,000 after purchasing an additional 8,620 shares in the last quarter. AQR Capital Management LLC acquired a new position in Concrete Pumping during the 1st quarter worth $78,000. Empowered Funds LLC grew its stake in Concrete Pumping by 3.7% during the 1st quarter. Empowered Funds LLC now owns 321,737 shares of the company's stock worth $1,757,000 after purchasing an additional 11,605 shares in the last quarter. Jane Street Group LLC grew its stake in Concrete Pumping by 166.4% during the 1st quarter. Jane Street Group LLC now owns 31,906 shares of the company's stock worth $174,000 after purchasing an additional 19,929 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Concrete Pumping during the 1st quarter worth $54,000. 34.20% of the stock is owned by institutional investors and hedge funds.

About Concrete Pumping

Concrete Pumping Holdings, Inc NASDAQ: BBCP is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.

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