Concrete Pumping Holdings, Inc. $BBCP Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 273.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 94,573 shares of the company’s stock after buying an additional 69,249 shares during the period. American Century Companies Inc. owned approximately 0.18% of Concrete Pumping worth $516,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in Concrete Pumping during the 4th quarter worth about $55,000. MetLife Investment Management LLC lifted its holdings in shares of Concrete Pumping by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company’s stock worth $75,000 after purchasing an additional 3,928 shares during the period. XTX Topco Ltd acquired a new stake in shares of Concrete Pumping during the first quarter worth about $69,000. Wells Fargo & Company MN lifted its holdings in shares of Concrete Pumping by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company’s stock worth $93,000 after purchasing an additional 3,042 shares during the period. Finally, Auxano Advisors LLC lifted its stake in Concrete Pumping by 48.6% during the 1st quarter. Auxano Advisors LLC now owns 22,761 shares of the company’s stock valued at $124,000 after acquiring an additional 7,449 shares during the period. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Concrete Pumping Trading Up 12.2%

Shares of Concrete Pumping stock opened at $7.64 on Friday. The company has a market cap of $397.51 million, a P/E ratio of 47.75 and a beta of 1.13. 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 debt-to-equity ratio of 1.59, a quick ratio of 1.68 and a current ratio of 1.79. The firm has a 50-day simple moving average of $6.86 and a two-hundred day simple moving average of $6.45.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $103.68 million during the quarter, compared to analysts’ expectations of $99.76 million. Concrete Pumping had a return on equity of 4.12% and a net margin of 2.65%.During the same quarter in the prior year, the firm posted $0.13 EPS. Concrete Pumping has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current fiscal year.

Concrete Pumping declared that its Board of Directors has authorized a stock buyback program on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. DA Davidson set a $8.00 price objective on shares of Concrete Pumping and gave the company a “buy” rating in a research note on Monday, June 9th. Robert W. Baird boosted their target price on shares of Concrete Pumping from $6.00 to $6.50 and gave the company a “neutral” rating in a research report on Friday. Finally, Zacks Research upgraded shares of Concrete Pumping to a “hold” rating in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.25.

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.