Concrete Pumping (NASDAQ:BBCP) Given a $8.00 Price Target by DA Davidson Analysts

Concrete Pumping (NASDAQ:BBCP) received a $8.00 target price from equities research analysts at DA Davidson in a research note issued to investors on Monday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would suggest a potential upside of 31.80% from the stock’s previous close. DA Davidson also issued estimates for Concrete Pumping’s Q3 2025 earnings at $0.04 EPS.

Separately, Robert W. Baird decreased their target price on Concrete Pumping from $6.50 to $6.00 and set a “neutral” rating on the stock in a research report on Friday, June 6th.

Concrete Pumping Stock Up 3.2%

BBCP stock opened at $6.07 on Monday. Concrete Pumping has a twelve month low of $4.78 and a twelve month high of $9.68. The company has a market cap of $322.02 million, a PE ratio of 23.35 and a beta of 1.13. The business’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $6.75. The company has a quick ratio of 1.89, a current ratio of 1.99 and a debt-to-equity ratio of 1.16.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Thursday, June 5th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. The firm had revenue of $93.96 million for the quarter, compared to analyst estimates of $99.02 million. On average, research analysts anticipate that Concrete Pumping will post 0.43 earnings per share for the current year.

Concrete Pumping declared that its Board of Directors has approved a share repurchase program on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other Concrete Pumping news, CEO Bruce F. Young purchased 49,507 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the purchase, the chief executive officer now directly owns 1,722,622 shares in the company, valued at approximately $8,940,408.18. This trade represents a 2.96% increase in their ownership of the stock. The purchase 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 Inflows and Outflows

A number of institutional investors have recently modified their holdings of BBCP. Acadian Asset Management LLC bought a new position in shares of Concrete Pumping in the first quarter valued at approximately $54,000. Cubist Systematic Strategies LLC bought a new position in shares of Concrete Pumping in the fourth quarter valued at approximately $55,000. Strs Ohio bought a new position in shares of Concrete Pumping in the first quarter valued at approximately $62,000. XTX Topco Ltd bought a new position in shares of Concrete Pumping in the first quarter valued at approximately $69,000. Finally, EntryPoint Capital LLC bought a new position in shares of Concrete Pumping in the first quarter valued at approximately $73,000. Institutional investors own 34.20% of the company’s stock.

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.