Voya Investment Management LLC Acquires 10,461 Shares of CONCRETE PUMPING HOLDINGS, INC. $BBCP

Voya Investment Management LLC grew its holdings in shares of CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) by 32.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,889 shares of the company’s stock after acquiring an additional 10,461 shares during the period. Voya Investment Management LLC owned about 0.08% of CONCRETE PUMPING worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Strs Ohio bought a new stake in shares of CONCRETE PUMPING during the 1st quarter valued at $62,000. Acadian Asset Management LLC bought a new stake in shares of CONCRETE PUMPING during the 1st quarter valued at $54,000. Jane Street Group LLC grew its position in shares of CONCRETE PUMPING by 166.4% during the 1st quarter. Jane Street Group LLC now owns 31,906 shares of the company’s stock valued at $174,000 after acquiring an additional 19,929 shares during the period. Empowered Funds LLC boosted its holdings in CONCRETE PUMPING by 3.7% in the 1st quarter. Empowered Funds LLC now owns 321,737 shares of the company’s stock worth $1,757,000 after buying an additional 11,605 shares during the period. Finally, Seven Six Capital Management LLC boosted its holdings in CONCRETE PUMPING by 4.2% in the 1st quarter. Seven Six Capital Management LLC now owns 547,359 shares of the company’s stock worth $2,989,000 after buying an additional 21,852 shares during the period. Institutional investors own 34.20% of the company’s stock.

CONCRETE PUMPING Price Performance

Shares of BBCP stock opened at $6.97 on Tuesday. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.75 and a quick ratio of 1.64. The company has a market capitalization of $358.75 million, a P/E ratio of 43.57 and a beta of 1.13. The company’s 50-day simple moving average is $7.03 and its two-hundred day simple moving average is $6.55. CONCRETE PUMPING HOLDINGS, INC. has a one year low of $4.78 and a one year high of $9.68.

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

CONCRETE PUMPING declared that its board has initiated a share buyback plan on Thursday, June 5th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BBCP. DA Davidson upped their target price on shares of CONCRETE PUMPING from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Monday, September 8th. Zacks Research raised shares of CONCRETE PUMPING to a “hold” rating in a report on Tuesday, August 12th. Finally, Robert W. Baird upped their target price on shares of CONCRETE PUMPING from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

CONCRETE PUMPING 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.