Concrete Pumping (BBCP) Coverage Initiated at William Blair

William Blair assumed coverage on shares of Concrete Pumping (NASDAQ:BBCP) in a report issued on Friday morning, Benzinga reports. The brokerage issued an outperform rating and a $5.31 price target on the stock.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Concrete Pumping from a hold rating to a sell rating in a research note on Wednesday, May 15th. Robert W. Baird began coverage on Concrete Pumping in a research report on Monday, May 13th. They set an outperform rating and a $7.00 target price on the stock.

Shares of BBCP stock opened at $5.28 on Friday. The stock has a market capitalization of $152.31 million, a PE ratio of 2.14 and a beta of 0.36. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 1.30. Concrete Pumping has a 1-year low of $4.39 and a 1-year high of $15.25.

In other Concrete Pumping news, Director John M. Piecuch bought 8,990 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average price of $5.03 per share, for a total transaction of $45,219.70. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. B. Brown bought 27,726 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were acquired at an average price of $4.99 per share, for a total transaction of $138,352.74. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,861,716 shares of company stock worth $8,396,072.

Several institutional investors have recently made changes to their positions in BBCP. Owl Creek Asset Management L.P. bought a new stake in shares of Concrete Pumping during the 4th quarter valued at about $15,689,000. Millennium Management LLC bought a new stake in shares of Concrete Pumping during the 4th quarter valued at about $688,000. BlueCrest Capital Management Ltd bought a new position in Concrete Pumping in the first quarter worth approximately $193,000. ExodusPoint Capital Management LP bought a new position in Concrete Pumping in the first quarter worth approximately $137,000. Finally, Citigroup Inc. bought a new position in Concrete Pumping in the first quarter worth approximately $35,000. Institutional investors own 8.34% of the company’s stock.

Concrete Pumping Company Profile

Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.

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