MetLife Investment Management LLC Purchases 3,577 Shares of CONCRETE PUMPING HOLDINGS, INC. $BBCP

MetLife Investment Management LLC lifted its position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,779 shares of the company’s stock after acquiring an additional 3,577 shares during the quarter. MetLife Investment Management LLC’s holdings in CONCRETE PUMPING were worth $81,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in BBCP. Allspring Global Investments Holdings LLC purchased a new position in CONCRETE PUMPING in the first quarter valued at about $234,000. American Century Companies Inc. grew its stake in CONCRETE PUMPING by 273.5% in the first quarter. American Century Companies Inc. now owns 94,573 shares of the company’s stock valued at $516,000 after purchasing an additional 69,249 shares during the last quarter. Ritholtz Wealth Management purchased a new position in CONCRETE PUMPING in the first quarter valued at about $496,000. Ameriprise Financial Inc. grew its stake in CONCRETE PUMPING by 53.9% in the fourth quarter. Ameriprise Financial Inc. now owns 96,500 shares of the company’s stock valued at $643,000 after purchasing an additional 33,800 shares during the last quarter. Finally, Invesco Ltd. grew its stake in CONCRETE PUMPING by 3.8% in the first quarter. Invesco Ltd. now owns 618,525 shares of the company’s stock valued at $3,377,000 after purchasing an additional 22,495 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on BBCP shares. DA Davidson lifted their target price on CONCRETE PUMPING from $8.00 to $8.50 and gave the company a “buy” rating in a research note on Monday. Robert W. Baird lifted their target price on CONCRETE PUMPING from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Friday, September 5th. Finally, Zacks Research upgraded CONCRETE PUMPING to a “hold” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.50.

CONCRETE PUMPING Price Performance

Shares of BBCP stock opened at $7.11 on Thursday. The stock’s 50-day simple moving average is $6.91 and its 200-day simple moving average is $6.45. The firm has a market capitalization of $369.93 million, a price-to-earnings ratio of 44.44 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 1.60, a quick ratio of 1.64 and a current ratio of 1.75.

CONCRETE PUMPING (NASDAQ:BBCP) last issued its earnings results on Thursday, September 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $103.68 million for the quarter, compared to analyst estimates of $99.76 million. CONCRETE PUMPING had a return on equity of 4.19% and a net margin of 2.65%.During the same quarter in the prior year, the firm earned $0.13 earnings per share. CONCRETE PUMPING has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 earnings per share for the current fiscal year.

CONCRETE PUMPING announced that its Board of Directors has approved a share buyback plan on Thursday, June 5th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.