Concrete Pumping Holdings, Inc. (BBCP) to Issue Quarterly Dividend of $0.13 on October 2nd

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) announced a quarterly dividend on Thursday, September 3rd. Investors of record on Friday, September 18th will be paid a dividend of 0.13 per share on Friday, October 2nd. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, September 18th.

Concrete Pumping Stock Up 16.0%

BBCP stock opened at $10.50 on Friday. The firm’s 50-day simple moving average is $10.10 and its 200 day simple moving average is $8.68. Concrete Pumping has a fifty-two week low of $5.55 and a fifty-two week high of $12.19. The stock has a market cap of $529.10 million, a PE ratio of 65.63 and a beta of 0.86. The company has a quick ratio of 1.61, a current ratio of 1.73 and a debt-to-equity ratio of 1.59.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $116.77 million for the quarter, compared to analyst estimates of $110.19 million. Concrete Pumping had a return on equity of 3.93% and a net margin of 2.45%. As a group, sell-side analysts predict that Concrete Pumping will post 0.17 EPS for the current year.

Insider Activity at Concrete Pumping

In related news, CFO Iain Humphries sold 96,955 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $10.79, for a total value of $1,046,144.45. Following the completion of the sale, the chief financial officer directly owned 377,812 shares in the company, valued at approximately $4,076,591.48. The trade was a 20.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director M. Brent Stevens sold 97,700 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $10.83, for a total value of $1,058,091.00. Following the transaction, the director owned 497,155 shares of the company’s stock, valued at approximately $5,384,188.65. This trade represents a 16.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 346,955 shares of company stock valued at $3,726,529 over the last three months. Insiders own 28.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in shares of Concrete Pumping by 4.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,082,792 shares of the company’s stock worth $14,869,000 after purchasing an additional 81,318 shares during the last quarter. Royce & Associates LP grew its position in Concrete Pumping by 1.1% during the 4th quarter. Royce & Associates LP now owns 1,787,807 shares of the company’s stock worth $11,996,000 after acquiring an additional 20,166 shares during the last quarter. BlackRock Inc. acquired a new stake in Concrete Pumping during the 2nd quarter valued at $16,061,000. Diamond Hill Capital Management Inc. raised its position in Concrete Pumping by 3.2% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 617,887 shares of the company’s stock valued at $4,146,000 after purchasing an additional 19,171 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Concrete Pumping by 0.9% in the second quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company’s stock valued at $3,628,000 after buying an additional 5,224 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

About Concrete Pumping

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.