ValuEngine lowered shares of Concrete Pumping (NASDAQ:BBCP) from a buy rating to a hold rating in a report issued on Saturday morning, ValuEngine reports.

Other analysts have also issued research reports about the company. BidaskClub lowered Concrete Pumping from a buy rating to a hold rating in a research report on Friday, March 13th. B. Riley reissued a neutral rating and issued a $3.00 target price (down previously from $5.00) on shares of Concrete Pumping in a research report on Friday, April 3rd. Robert W. Baird downgraded shares of Concrete Pumping from an outperform rating to a neutral rating and dropped their price target for the stock from $5.00 to $3.00 in a research note on Tuesday, March 24th. Stifel Nicolaus boosted their price target on shares of Concrete Pumping from $4.50 to $5.25 and gave the stock a buy rating in a research note on Wednesday, June 10th. Finally, Zacks Investment Research upgraded shares of Concrete Pumping from a sell rating to a hold rating in a research note on Tuesday, March 24th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Concrete Pumping currently has a consensus rating of Hold and an average price target of $3.81.

BBCP stock opened at $3.66 on Friday. The firm has a market cap of $319.05 million, a PE ratio of -3.21 and a beta of 1.19. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.68 and a current ratio of 0.73. The firm’s 50 day moving average price is $3.59 and its 200-day moving average price is $4.12. Concrete Pumping has a one year low of $1.82 and a one year high of $6.10.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($1.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($1.06). The firm had revenue of $74.04 million for the quarter, compared to analysts’ expectations of $73.96 million. Concrete Pumping had a negative net margin of 18.79% and a negative return on equity of 1.07%. Equities research analysts predict that Concrete Pumping will post -0.03 EPS for the current fiscal year.

In other news, Director David A. B. Brown bought 18,415 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was purchased at an average price of $2.02 per share, for a total transaction of $37,198.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brent M. Stevens sold 99,484 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $3.85, for a total transaction of $383,013.40. Following the transaction, the director now owns 957,351 shares of the company’s stock, valued at approximately $3,685,801.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 144,818 shares of company stock valued at $554,937. Insiders own 27.40% of the company’s stock.

Several hedge funds have recently modified their holdings of BBCP. American International Group Inc. boosted its stake in Concrete Pumping by 55.8% in the first quarter. American International Group Inc. now owns 15,692 shares of the company’s stock valued at $45,000 after acquiring an additional 5,623 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Concrete Pumping by 37.7% in the first quarter. Alliancebernstein L.P. now owns 15,700 shares of the company’s stock valued at $45,000 after buying an additional 4,300 shares during the last quarter. Corsair Capital Management L.P. purchased a new stake in shares of Concrete Pumping in the first quarter valued at about $57,000. Renaissance Technologies LLC purchased a new stake in shares of Concrete Pumping in the fourth quarter valued at about $65,000. Finally, Janus Henderson Group PLC purchased a new stake in shares of Concrete Pumping in the fourth quarter valued at about $68,000. Hedge funds and other institutional investors own 26.83% 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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