Concrete Pumping Holdings Inc (NASDAQ:BBCP) – Equities research analysts at William Blair lowered their FY2020 earnings estimates for shares of Concrete Pumping in a report released on Monday, June 10th, according to Zacks Investment Research. William Blair analyst T. Mulrooney now anticipates that the company will post earnings per share of $0.15 for the year, down from their prior estimate of $0.26. William Blair currently has a “Outperform” rating and a $5.31 target price on the stock.
Several other research analysts have also issued reports on the stock. Stifel Nicolaus started coverage on shares of Concrete Pumping in a report on Thursday, May 23rd. They set a “buy” rating and a $9.00 price target for the company. Zacks Investment Research upgraded shares of Concrete Pumping from a “sell” rating to a “hold” rating in a report on Wednesday, June 12th. Robert W. Baird started coverage on shares of Concrete Pumping in a report on Monday, May 13th. They set an “outperform” rating and a $7.00 price target for the company. Finally, ValuEngine lowered shares of Concrete Pumping from a “hold” rating to a “sell” rating in a report on Wednesday, May 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $8.33.
Concrete Pumping stock traded up $0.22 during mid-day trading on Thursday, hitting $5.49. 151,941 shares of the stock were exchanged, compared to its average volume of 292,921. The company has a quick ratio of 0.53, a current ratio of 0.57 and a debt-to-equity ratio of 1.33. Concrete Pumping has a 12 month low of $3.64 and a 12 month high of $15.25. The firm’s fifty day moving average price is $4.89. The firm has a market capitalization of $319.51 million, a PE ratio of 2.22 and a beta of 0.70.
Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Monday, June 10th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.39). The company had revenue of $61.99 million for the quarter, compared to analyst estimates of $62.97 million.
In related news, Director John M. Piecuch acquired 8,990 shares of Concrete Pumping stock in a transaction dated Monday, May 13th. The stock was bought at an average price of $5.03 per share, with a total value of $45,219.70. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. B. Brown acquired 27,726 shares of Concrete Pumping stock in a transaction dated Friday, May 10th. The shares were bought at an average cost of $4.99 per share, with a total value of $138,352.74. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 1,861,716 shares of company stock valued at $8,396,072.
A hedge fund recently bought a new stake in Concrete Pumping stock. Owl Creek Asset Management L.P. purchased a new stake in Concrete Pumping Holdings Inc (NASDAQ:BBCP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 investment portfolio, making the stock its 20th biggest holding. Owl Creek Asset Management L.P. owned about 6.61% of Concrete Pumping at the end of the most recent quarter. 4.28% of the stock is owned by hedge funds and other institutional investors.
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.