Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Purchases $256,941.33 in Stock

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) CEO Bruce F. Young bought 49,507 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of $5.19 per share, with a total value of $256,941.33. Following the purchase, the chief executive officer now owns 1,722,622 shares in the company, valued at $8,940,408.18. This trade represents a 2.96 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Concrete Pumping Stock Up 3.3 %

Shares of NASDAQ:BBCP opened at $5.64 on Monday. The stock has a fifty day simple moving average of $7.31 and a two-hundred day simple moving average of $6.52. The stock has a market capitalization of $298.94 million, a price-to-earnings ratio of 21.69 and a beta of 1.25. Concrete Pumping Holdings, Inc. has a 12-month low of $4.78 and a 12-month high of $9.68. The company has a current ratio of 1.99, a quick ratio of 1.89 and a debt-to-equity ratio of 1.16.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. On average, research analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 24th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC purchased a new position in shares of Concrete Pumping in the fourth quarter worth $55,000. O Shaughnessy Asset Management LLC purchased a new position in shares of Concrete Pumping in the fourth quarter worth $75,000. MetLife Investment Management LLC raised its stake in shares of Concrete Pumping by 54.0% in 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. SG Americas Securities LLC purchased a new position in shares of Concrete Pumping in the fourth quarter worth $81,000. Finally, Wells Fargo & Company MN raised its stake 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 worth $93,000 after purchasing an additional 3,042 shares during the last quarter. Hedge funds and other institutional investors own 34.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BBCP. Robert W. Baird lowered their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. DA Davidson lowered their target price on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $7.44.

About Concrete Pumping

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.