DA Davidson Lifts Earnings Estimates for Concrete Pumping

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) - Investment analysts at DA Davidson raised their FY2025 EPS estimates for Concrete Pumping in a research note issued to investors on Monday, September 8th. DA Davidson analyst B. Thielman now forecasts that the company will earn $0.07 per share for the year, up from their prior estimate of $0.04. DA Davidson has a "Buy" rating and a $8.50 price target on the stock. The consensus estimate for Concrete Pumping's current full-year earnings is $0.43 per share.

A number of other brokerages also recently weighed in on BBCP. Zacks Research raised shares of Concrete Pumping to a "hold" rating in a report on Tuesday, August 12th. Robert W. Baird increased their price objective on shares of Concrete Pumping from $6.00 to $6.50 and gave the company a "neutral" rating in a research note on Friday, September 5th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $7.50.

View Our Latest Stock Analysis on BBCP

Concrete Pumping Price Performance

NASDAQ BBCP opened at $6.99 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 1.64 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $6.90 and a 200 day simple moving average of $6.44. The company has a market cap of $363.68 million, a P/E ratio of 43.69 and a beta of 1.13. Concrete Pumping has a 1 year low of $4.78 and a 1 year high of $9.68.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings data on Thursday, September 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The business had revenue of $103.68 million during the quarter, compared to the consensus estimate of $99.76 million. Concrete Pumping had a net margin of 2.65% and a return on equity of 4.19%. During the same period in the prior year, the firm earned $0.13 EPS. Concrete Pumping has set its FY 2025 guidance at EPS.

Concrete Pumping announced that its Board of Directors has approved a stock repurchase program on Thursday, June 5th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Concrete Pumping

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC increased its position in Concrete Pumping by 7.3% in the 2nd quarter. Jennison Associates LLC now owns 1,510,735 shares of the company's stock valued at $9,291,000 after acquiring an additional 103,022 shares in the last quarter. Invesco Ltd. grew its position in shares of Concrete Pumping by 3.8% during the 1st quarter. Invesco Ltd. now owns 618,525 shares of the company's stock worth $3,377,000 after buying an additional 22,495 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Concrete Pumping by 0.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 589,961 shares of the company's stock worth $3,628,000 after buying an additional 5,224 shares during the period. Seven Six Capital Management LLC grew its position in shares of Concrete Pumping by 4.2% during 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. Finally, First Eagle Investment Management LLC grew its position in shares of Concrete Pumping by 17.3% during the 2nd quarter. First Eagle Investment Management LLC now owns 419,905 shares of the company's stock worth $2,582,000 after buying an additional 61,943 shares during the period. Institutional investors and hedge funds 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.

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