Shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) have received a consensus rating of “Buy” from the six analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $8.33.
A number of research analysts have issued reports on BBCP shares. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. William Blair started coverage on Concrete Pumping in a research report on Friday, May 17th. They issued an “outperform” rating and a $5.31 target price on the stock. Zacks Investment Research cut General Finance from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus cut Asante Solutions to a “buy” rating and set a $9.00 target price on the stock. in a research report on Thursday, May 23rd. Finally, Robert W. Baird started coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 target price on the stock.
Concrete Pumping stock traded down $0.05 during midday trading on Friday, reaching $5.18. The company’s stock had a trading volume of 4,044 shares, compared to its average volume of 206,439. Concrete Pumping has a 52 week low of $3.64 and a 52 week high of $15.25. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm’s 50-day moving average is $4.89. The firm has a market cap of $306.71 million, a PE ratio of 2.10 and a beta of 0.70.
Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Monday, June 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.39). The business had revenue of $61.99 million during the quarter, compared to analysts’ expectations of $62.97 million. Research analysts anticipate that Concrete Pumping will post -0.73 EPS for the current fiscal year.
In other news, Director John M. Piecuch purchased 8,990 shares of Concrete Pumping stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $5.03 per share, for a total transaction of $45,219.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. B. Brown purchased 27,726 shares of Concrete Pumping stock in a transaction dated Friday, May 10th. The shares were purchased at an average price of $4.99 per share, for a total transaction of $138,352.74. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 1,861,716 shares of company stock worth $8,396,072.
A hedge fund recently bought a new stake in Concrete Pumping stock. Owl Creek Asset Management L.P. acquired a new position in Concrete Pumping Holdings Inc (NASDAQ:BBCP) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,906,318 shares of the company’s stock, valued at approximately $15,689,000. Concrete Pumping accounts for about 0.5% of Owl Creek Asset Management L.P.’s portfolio, making the stock its 20th biggest position. Owl Creek Asset Management L.P. owned about 6.61% of Concrete Pumping at the end of the most recent reporting period. Institutional investors and hedge funds own 4.28% of the company’s stock.
About Concrete Pumping
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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