Point72 Asia Singapore Pte. Ltd. Buys New Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,034 shares of the company’s stock, valued at approximately $42,000.

Other large investors also recently bought and sold shares of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Concrete Pumping in the second quarter valued at $26,000. Hsbc Holdings PLC boosted its position in Concrete Pumping by 39.1% in the 2nd quarter. Hsbc Holdings PLC now owns 31,567 shares of the company’s stock valued at $195,000 after buying an additional 8,866 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after acquiring an additional 91,469 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Concrete Pumping by 1.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company’s stock worth $6,308,000 after acquiring an additional 15,847 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Concrete Pumping by 4.4% in the second quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock worth $230,000 after acquiring an additional 1,623 shares in the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Price Performance

BBCP opened at $5.79 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.19. The company’s 50-day moving average price is $6.08 and its 200 day moving average price is $6.61. Concrete Pumping Holdings, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $9.05. The firm has a market cap of $313.35 million, a price-to-earnings ratio of 18.68 and a beta of 1.11.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $109.62 million for the quarter, compared to analyst estimates of $126.10 million. Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. During the same quarter in the prior year, the firm earned $0.17 EPS. As a group, sell-side analysts expect that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Stifel Nicolaus dropped their price objective on Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Robert W. Baird cut their price target on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a report on Thursday, September 5th. William Blair lowered shares of Concrete Pumping from an “outperform” rating to a “market perform” rating in a report on Friday, June 7th. UBS Group lowered shares of Concrete Pumping from a “buy” rating to a “neutral” rating and cut their target price for the company from $10.50 to $6.25 in a research note on Friday, September 6th. Finally, DA Davidson decreased their price target on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Thursday, September 5th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Concrete Pumping presently has an average rating of “Hold” and an average target price of $7.55.

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.