Epoch Investment Partners Inc. Invests $620,000 in CONCRETE PUMPING HOLDINGS, INC. $BBCP

Key Points

• Epoch Investment Partners Inc. invested $620,000 in Concrete Pumping Holdings, acquiring 113,511 shares during the first quarter, representing 0.21% ownership.
• Analysts have mixed forecasts for the stock, with a consensus rating of "Hold" and a price target of $6.75, with a recent downgrade from Robert W. Baird to $6.00.
• Concrete Pumping announced a stock buyback program of $15.00 million, indicating the board's belief that the stock is undervalued.

Epoch Investment Partners Inc. acquired a new stake in shares of CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 113,511 shares of the company's stock, valued at approximately $620,000. Epoch Investment Partners Inc. owned approximately 0.21% of CONCRETE PUMPING at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of CONCRETE PUMPING during the 1st quarter valued at about $234,000. Ritholtz Wealth Management bought a new position in CONCRETE PUMPING during the 1st quarter worth approximately $496,000. Ameriprise Financial Inc. grew its position in CONCRETE PUMPING by 53.9% during the 4th quarter. Ameriprise Financial Inc. now owns 96,500 shares of the company's stock worth $643,000 after acquiring an additional 33,800 shares during the last quarter. Dimensional Fund Advisors LP grew its position in CONCRETE PUMPING by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company's stock worth $11,315,000 after acquiring an additional 56,048 shares during the last quarter. Finally, Invesco Ltd. grew its position in CONCRETE PUMPING by 3.8% during the 1st quarter. Invesco Ltd. now owns 618,525 shares of the company's stock worth $3,377,000 after acquiring an additional 22,495 shares during the last quarter. 34.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BBCP has been the topic of several recent research reports. Robert W. Baird reduced their price target on CONCRETE PUMPING from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. Zacks Research upgraded CONCRETE PUMPING to a "hold" rating in a research report on Tuesday, August 12th. Finally, DA Davidson set a $8.00 price target on CONCRETE PUMPING and gave the stock a "buy" rating in a research report on Monday, June 9th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, CONCRETE PUMPING has an average rating of "Hold" and a consensus target price of $6.75.

CONCRETE PUMPING Trading Down 2.7%

NASDAQ BBCP opened at $6.77 on Wednesday. CONCRETE PUMPING HOLDINGS, INC. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.68 and a current ratio of 1.79. The stock has a 50 day simple moving average of $6.81 and a two-hundred day simple moving average of $6.44. The stock has a market cap of $352.24 million, a P/E ratio of 30.77 and a beta of 1.13.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last released its quarterly earnings data on Thursday, June 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $99.02 million. CONCRETE PUMPING has set its FY 2025 guidance at EPS. On average, analysts forecast that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 earnings per share for the current year.

CONCRETE PUMPING declared that its Board of Directors has initiated a stock repurchase program on Thursday, June 5th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

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.