Concrete Pumping (NASDAQ:BBCP) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “Concrete Pumping Holdings Inc. provides concrete pumping services and concrete waste management services primarily in U.S. and U.K. Concrete Pumping Holdings Inc., formerly known as Industrea Acquisition Corp., is based in New York, United States. “
Separately, ValuEngine raised shares of Concrete Pumping from a hold rating to a buy rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $8.33.
Concrete Pumping (NASDAQ:BBCP) last issued its earnings results on Monday, September 16th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.02). The business had revenue of $78.66 million for the quarter. On average, equities analysts forecast that Concrete Pumping will post -0.75 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of BBCP. Rhumbline Advisers purchased a new position in Concrete Pumping in the third quarter valued at about $53,000. BB&T Securities LLC acquired a new stake in shares of Concrete Pumping in the third quarter valued at approximately $62,000. US Bancorp DE acquired a new stake in shares of Concrete Pumping in the second quarter valued at approximately $114,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Concrete Pumping in the second quarter valued at approximately $118,000. Finally, Context Capital Management LLC acquired a new stake in shares of Concrete Pumping in the third quarter valued at approximately $120,000. 27.74% of the stock is owned by institutional investors.
Concrete Pumping Company Profile
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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