DA Davidson Cuts Concrete Pumping (NASDAQ:BBCP) Price Target to $9.00

Concrete Pumping (NASDAQ:BBCP) had its target price trimmed by DA Davidson from $9.50 to $9.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock. DA Davidson also issued estimates for Concrete Pumping’s Q2 2025 earnings at $0.03 EPS, FY2025 earnings at $0.22 EPS and FY2026 earnings at $0.35 EPS.

Separately, Robert W. Baird reduced their price objective on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.44.

Concrete Pumping Trading Up 3.3 %

Shares of NASDAQ:BBCP opened at $5.64 on Wednesday. The company has a market cap of $298.94 million, a P/E ratio of 21.69 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89. Concrete Pumping has a 1 year low of $4.78 and a 1 year high of $9.68. The stock’s fifty day moving average price is $7.31 and its 200-day moving average price is $6.52.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.19% and a net margin of 3.81%. Sell-side analysts expect that Concrete Pumping will post 0.43 earnings per share for the current year.

Concrete Pumping Announces Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 24th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 24th.

Insiders Place Their Bets

In related news, CEO Bruce F. Young purchased 49,507 shares of Concrete Pumping stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now directly owns 1,722,622 shares in the company, valued at $8,940,408.18. This represents a 2.96 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 26.60% of the company’s stock.

Institutional Trading of Concrete Pumping

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC purchased a new stake in Concrete Pumping in the fourth quarter worth about $55,000. MetLife Investment Management LLC grew its position 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 in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Concrete Pumping during the fourth quarter worth about $75,000. SG Americas Securities LLC purchased a new stake in shares of Concrete Pumping during the fourth quarter worth about $81,000. Finally, Wells Fargo & Company MN grew its position 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 in the last quarter. Hedge funds and other 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.