Robert W. Baird Lowers Concrete Pumping (NASDAQ:BBCP) Price Target to $6.50

Concrete Pumping (NASDAQ:BBCP) had its price objective decreased by Robert W. Baird from $7.00 to $6.50 in a research report sent to investors on Wednesday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Concrete Pumping Stock Up 3.3 %

Shares of NASDAQ BBCP opened at $5.64 on Wednesday. The company has a market cap of $298.94 million, a P/E ratio of 21.69 and a beta of 1.25. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16. The business has a 50-day simple moving average of $7.31 and a two-hundred day simple moving average of $6.52. Concrete Pumping has a 52 week low of $4.78 and a 52 week high of $9.68.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results 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%. Research analysts anticipate that Concrete Pumping will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping Dividend Announcement

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

Insider Activity

In other news, CEO Bruce F. Young bought 49,507 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the transaction, the chief executive officer now directly owns 1,722,622 shares of the company’s stock, valued at $8,940,408.18. This represents a 2.96 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 26.60% of the company’s stock.

Institutional Trading of Concrete Pumping

A number of hedge funds have recently bought and sold shares of BBCP. Empowered Funds LLC increased its stake in Concrete Pumping by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 304,382 shares of the company’s stock worth $1,762,000 after purchasing an additional 15,410 shares during the period. Landscape Capital Management L.L.C. purchased a new position in Concrete Pumping in the 3rd quarter worth approximately $371,000. JB Capital Partners LP increased its stake in Concrete Pumping by 26.2% in the 3rd quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock worth $1,396,000 after purchasing an additional 50,000 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in Concrete Pumping in the 3rd quarter worth approximately $2,933,000. Finally, Mill Road Capital Management LLC increased its stake in Concrete Pumping by 96.8% in the 3rd quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company’s stock worth $6,198,000 after purchasing an additional 526,379 shares during the period. Institutional investors own 34.20% of the company’s stock.

Concrete Pumping Company 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.