Nuveen LLC Makes New $258,000 Investment in CONCRETE PUMPING HOLDINGS, INC. $BBCP

Key Points

• Nuveen LLC purchased 47,173 shares of CONCRETE PUMPING HOLDINGS, INC. (NASDAQ: BBCP), valued at approximately $258,000, increasing its ownership to 0.09% of the company.
• The company reported a quarterly earnings per share of $0.07, exceeding analysts' expectations of $0.06, with revenue also surpassing estimates at $103.68 million.
• CONCRETE PUMPING's board approved a stock repurchase plan authorizing up to $15 million in buybacks, indicating confidence in the stock's valuation.

Nuveen LLC bought a new position 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 (SEC). The institutional investor bought 47,173 shares of the company's stock, valued at approximately $258,000. Nuveen LLC owned 0.09% of CONCRETE PUMPING as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in shares of CONCRETE PUMPING by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company's stock worth $11,315,000 after purchasing an additional 56,048 shares during the period. Invesco Ltd. raised its holdings in shares of CONCRETE PUMPING by 3.8% during the first quarter. Invesco Ltd. now owns 618,525 shares of the company's stock worth $3,377,000 after purchasing an additional 22,495 shares during the period. Seven Six Capital Management LLC acquired a new stake in shares of CONCRETE PUMPING during the fourth quarter worth $3,500,000. Northern Trust Corp raised its holdings in shares of CONCRETE PUMPING by 4.6% during the fourth quarter. Northern Trust Corp now owns 218,213 shares of the company's stock worth $1,453,000 after purchasing an additional 9,544 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CONCRETE PUMPING by 9.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,196 shares of the company's stock worth $913,000 after purchasing an additional 15,075 shares during the period. 34.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on BBCP. DA Davidson increased their target price on shares of CONCRETE PUMPING from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Monday. Robert W. Baird increased their price objective on shares of CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a "neutral" rating in a report on Friday, September 5th. Finally, Zacks Research raised shares of CONCRETE PUMPING to a "hold" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $7.50.

CONCRETE PUMPING Price Performance

CONCRETE PUMPING stock traded up $0.03 during trading hours on Thursday, hitting $7.14. 171,609 shares of the company traded hands, compared to its average volume of 91,879. The firm has a market cap of $371.49 million, a P/E ratio of 44.63 and a beta of 1.13. The company has a quick ratio of 1.64, a current ratio of 1.75 and a debt-to-equity ratio of 1.60. The firm's 50-day simple moving average is $6.93 and its two-hundred day simple moving average is $6.45. CONCRETE PUMPING HOLDINGS, INC. has a 1-year low of $4.78 and a 1-year high of $9.68.

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

CONCRETE PUMPING declared that its board has approved a stock buyback plan on Thursday, June 5th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management 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.