CONCRETE PUMPING HOLDINGS, INC. $BBCP Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. significantly increased its stake in Concrete Pumping Holdings, acquiring an additional 69,249 shares, representing a 273.5% increase in the first quarter.
• Concrete Pumping reported quarterly earnings of $0.07 per share, surpassing analysts' expectations and also declaring a $15 million stock buyback program to repurchase up to 4.7% of its shares.
• The company has a current market cap of $397.51 million, with a recent stock price opening at $7.64, reflecting a 12.2% increase in trading.

American Century Companies Inc. grew its position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) by 273.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,573 shares of the company's stock after acquiring an additional 69,249 shares during the quarter. American Century Companies Inc. owned about 0.18% of CONCRETE PUMPING worth $516,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new stake in shares of CONCRETE PUMPING during the fourth quarter worth approximately $55,000. XTX Topco Ltd purchased a new stake in shares of CONCRETE PUMPING during the first quarter worth approximately $69,000. MetLife Investment Management LLC raised its stake in shares of CONCRETE PUMPING by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company's stock worth $75,000 after purchasing an additional 3,928 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of CONCRETE PUMPING by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock worth $93,000 after purchasing an additional 3,042 shares during the last quarter. Finally, Auxano Advisors LLC raised its stake in shares of CONCRETE PUMPING by 48.6% during the first quarter. Auxano Advisors LLC now owns 22,761 shares of the company's stock worth $124,000 after purchasing an additional 7,449 shares during the last quarter. 34.20% of the stock is owned by institutional investors and hedge funds.

CONCRETE PUMPING Price Performance

NASDAQ:BBCP traded up $0.03 during trading hours on Thursday, hitting $7.14. The company's stock had a trading volume of 171,609 shares, compared to its average volume of 91,879. The business's 50-day moving average is $6.93 and its two-hundred day moving average is $6.45. The company has a market capitalization of $371.49 million, a PE ratio of 44.63 and a beta of 1.13. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.64 and a current ratio of 1.75. CONCRETE PUMPING HOLDINGS, INC. has a 52-week low of $4.78 and a 52-week high of $9.68.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last released its quarterly earnings data on Thursday, September 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $103.68 million during the quarter, compared to analysts' expectations of $99.76 million. CONCRETE PUMPING had a return on equity of 4.19% and a net margin of 2.65%.During the same quarter in the prior year, the business posted $0.13 earnings per share. CONCRETE PUMPING has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 EPS for the current fiscal year.

CONCRETE PUMPING announced that its board has authorized a stock buyback plan on Thursday, June 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

BBCP has been the subject of several analyst reports. DA Davidson upped their price target on CONCRETE PUMPING from $8.00 to $8.50 and gave the stock a "buy" rating in a research note on Monday. Zacks Research upgraded CONCRETE PUMPING to a "hold" rating in a research report on Tuesday, August 12th. Finally, Robert W. Baird increased their price objective on CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a "neutral" rating in a research report on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, CONCRETE PUMPING currently has an average rating of "Hold" and a consensus price target of $7.50.

CONCRETE PUMPING 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.