Robert W. Baird Trims Concrete Pumping (NASDAQ:BBCP) Target Price to $6.50

Concrete Pumping (NASDAQ:BBCP) had its price target trimmed by Robert W. Baird from $7.50 to $6.50 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research firms have also recently issued reports on BBCP. William Blair cut shares of Concrete Pumping from an outperform rating to a market perform rating in a research note on Friday, June 7th. DA Davidson cut their price objective on shares of Concrete Pumping from $11.00 to $9.00 and set a buy rating for the company in a research report on Monday, June 10th. Finally, Stifel Nicolaus reduced their price objective on Concrete Pumping from $9.00 to $8.00 and set a buy rating for the company in a report on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of $7.55.

Concrete Pumping Trading Up 1.7 %

Concrete Pumping stock opened at $5.26 on Thursday. The stock has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $6.87. The stock has a market capitalization of $284.67 million, a P/E ratio of 16.97 and a beta of 1.11. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.17 and a current ratio of 1.24. Concrete Pumping has a 52 week low of $5.05 and a 52 week high of $9.15.

Concrete Pumping (NASDAQ:BBCP) last issued its earnings results on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). Concrete Pumping had a return on equity of 6.83% and a net margin of 4.25%. The business had revenue of $109.62 million for the quarter, compared to the consensus estimate of $126.10 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Analysts expect that Concrete Pumping will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On Concrete Pumping

Several institutional investors and hedge funds have recently modified their holdings of the business. Epoch Investment Partners Inc. bought a new stake in Concrete Pumping in the 1st quarter valued at about $3,439,000. Janney Montgomery Scott LLC grew its position in Concrete Pumping by 15.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,041 shares of the company’s stock worth $451,000 after buying an additional 7,520 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Concrete Pumping during the fourth quarter worth approximately $101,000. Park Avenue Securities LLC increased its stake in Concrete Pumping by 100.0% during the 2nd quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock worth $710,000 after acquiring an additional 59,107 shares during the period. Finally, Empowered Funds LLC raised its holdings in Concrete Pumping by 8.2% in the 1st quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock valued at $2,119,000 after acquiring an additional 20,290 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

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.