Allspring Global Investments Holdings LLC bought a new position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 41,465 shares of the company's stock, valued at approximately $234,000. Allspring Global Investments Holdings LLC owned approximately 0.08% of Concrete Pumping as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in BBCP. Ritholtz Wealth Management purchased a new stake in Concrete Pumping in the first quarter valued at approximately $496,000. Ameriprise Financial Inc. lifted its stake in Concrete Pumping by 53.9% in the fourth quarter. Ameriprise Financial Inc. now owns 96,500 shares of the company's stock valued at $643,000 after buying an additional 33,800 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Concrete Pumping by 3.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company's stock valued at $11,315,000 after buying an additional 56,048 shares during the last quarter. Bank of America Corp DE lifted its stake in Concrete Pumping by 14.8% in the fourth quarter. Bank of America Corp DE now owns 40,082 shares of the company's stock valued at $267,000 after buying an additional 5,168 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Concrete Pumping by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock valued at $93,000 after purchasing an additional 3,042 shares during the period. Institutional investors and hedge funds own 34.20% of the company's stock.
Concrete Pumping Price Performance
BBCP stock traded up $0.11 on Tuesday, reaching $7.00. 55,287 shares of the company's stock were exchanged, compared to its average volume of 134,252. The stock has a fifty day moving average of $6.61 and a 200-day moving average of $6.64. Concrete Pumping Holdings, Inc. has a twelve month low of $4.78 and a twelve month high of $9.68. The firm has a market cap of $363.95 million, a PE ratio of 31.91 and a beta of 1.07. The company has a quick ratio of 1.68, a current ratio of 1.79 and a debt-to-equity ratio of 1.59.
Concrete Pumping (NASDAQ:BBCP - Get Free Report) last announced its quarterly earnings data on Thursday, June 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.04). Concrete Pumping had a return on equity of 5.33% and a net margin of 3.57%. The business had revenue of $93.96 million for the quarter, compared to analyst estimates of $99.02 million. As a group, equities analysts predict that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current fiscal year.
Concrete Pumping announced that its board has approved a share buyback program on Thursday, June 5th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.
Analysts Set New Price Targets
BBCP has been the topic of a number of recent research reports. Robert W. Baird dropped their target price on Concrete Pumping from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Friday, June 6th. DA Davidson set a $8.00 target price on Concrete Pumping and gave the company a "buy" rating in a report on Monday, June 9th.
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Concrete Pumping Profile
(
Free Report)
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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