Stifel Financial Corp Has $70,000 Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Stifel Financial Corp cut its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 29.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,006 shares of the company’s stock after selling 5,001 shares during the quarter. Stifel Financial Corp’s holdings in Concrete Pumping were worth $70,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BBCP. Rhumbline Advisers increased its position in shares of Concrete Pumping by 4.4% during the second quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock worth $230,000 after acquiring an additional 1,623 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Concrete Pumping by 5.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company’s stock worth $432,000 after acquiring an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Concrete Pumping during the 2nd quarter worth approximately $26,000. Heirloom Wealth Management boosted its holdings in Concrete Pumping by 8.8% during the third quarter. Heirloom Wealth Management now owns 70,688 shares of the company’s stock worth $409,000 after purchasing an additional 5,717 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Concrete Pumping in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Trading Up 1.5 %

Shares of Concrete Pumping stock opened at $6.59 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $352.76 million, a P/E ratio of 25.35 and a beta of 1.13. The stock has a fifty day simple moving average of $6.31 and a 200 day simple moving average of $6.15. Concrete Pumping Holdings, Inc. has a 12-month low of $5.05 and a 12-month high of $8.48.

Analyst Ratings Changes

Several equities research analysts have issued reports on BBCP shares. Robert W. Baird cut their price target on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Thursday, September 5th. DA Davidson reduced their target price on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, UBS Group downgraded Concrete Pumping from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.50 to $6.25 in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.31.

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.