Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Stock Holdings Decreased by LPL Financial LLC

LPL Financial LLC decreased its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 27.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,100 shares of the company’s stock after selling 6,350 shares during the period. LPL Financial LLC’s holdings in Concrete Pumping were worth $114,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BBCP. Jennison Associates LLC lifted its holdings in Concrete Pumping by 10.8% during the 4th quarter. Jennison Associates LLC now owns 1,722,754 shares of the company’s stock worth $11,474,000 after buying an additional 167,262 shares during the last quarter. Royce & Associates LP raised its position in shares of Concrete Pumping by 13.9% during the 4th quarter. Royce & Associates LP now owns 1,448,577 shares of the company’s stock valued at $9,648,000 after acquiring an additional 176,490 shares in the last quarter. Geode Capital Management LLC lifted its stake in Concrete Pumping by 1.1% during the third quarter. Geode Capital Management LLC now owns 564,751 shares of the company’s stock worth $3,270,000 after purchasing an additional 6,025 shares during the last quarter. Empowered Funds LLC boosted its holdings in Concrete Pumping by 1.9% in the fourth quarter. Empowered Funds LLC now owns 310,132 shares of the company’s stock worth $2,065,000 after purchasing an additional 5,750 shares during the period. Finally, First Eagle Investment Management LLC bought a new stake in Concrete Pumping during the fourth quarter valued at $1,170,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Concrete Pumping Stock Down 2.3 %

BBCP stock opened at $6.00 on Thursday. The stock has a market cap of $318.31 million, a PE ratio of 23.08 and a beta of 1.01. The firm’s 50-day simple moving average is $5.87 and its 200 day simple moving average is $6.51. Concrete Pumping Holdings, Inc. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16.

Insider Buying and Selling at Concrete Pumping

In other Concrete Pumping news, CEO Bruce F. Young acquired 49,507 shares of Concrete Pumping stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now owns 1,722,622 shares in the company, valued at approximately $8,940,408.18. This represents a 2.96 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 26.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. DA Davidson decreased their price target on shares of Concrete Pumping from $9.50 to $9.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Robert W. Baird decreased their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.44.

About Concrete Pumping

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.