Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Position Increased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,900 shares of the company’s stock after purchasing an additional 3,650 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.13% of Concrete Pumping worth $432,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock worth $9,322,000 after acquiring an additional 91,469 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Concrete Pumping by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company’s stock worth $6,308,000 after purchasing an additional 15,847 shares during the last quarter. Epoch Investment Partners Inc. bought a new stake in shares of Concrete Pumping in the 1st quarter worth approximately $3,439,000. Empowered Funds LLC grew its stake in Concrete Pumping by 8.2% during the 1st quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock worth $2,119,000 after buying an additional 20,290 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in Concrete Pumping by 100.0% in the second quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock worth $710,000 after buying an additional 59,107 shares during the period. 34.20% of the stock is currently owned by institutional investors.

Concrete Pumping Stock Performance

Shares of BBCP opened at $5.72 on Wednesday. The firm has a market capitalization of $309.56 million, a PE ratio of 18.45 and a beta of 1.11. 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 firm has a 50-day moving average price of $5.95 and a 200 day moving average price of $6.51. Concrete Pumping Holdings, Inc. has a 52-week low of $5.05 and a 52-week high of $9.05.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on BBCP. Robert W. Baird reduced their price target on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a report on Thursday, September 5th. DA Davidson reduced their target price on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a research note on Thursday, September 5th. Finally, UBS Group lowered shares of Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their price target for the company from $10.50 to $6.25 in a research note on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Concrete Pumping has an average rating of “Hold” and an average target price of $7.55.

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.