Mill Road Capital Management LLC Has $6.20 Million Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Mill Road Capital Management LLC increased its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 96.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,070,405 shares of the company’s stock after purchasing an additional 526,379 shares during the period. Concrete Pumping accounts for 2.9% of Mill Road Capital Management LLC’s portfolio, making the stock its 14th largest holding. Mill Road Capital Management LLC owned about 2.00% of Concrete Pumping worth $6,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its holdings in Concrete Pumping by 100.0% in the second quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock valued at $710,000 after buying an additional 59,107 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Concrete Pumping during the 2nd quarter valued at $26,000. Dimensional Fund Advisors LP lifted its stake in shares of Concrete Pumping by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after purchasing an additional 91,469 shares during the period. Hsbc Holdings PLC grew its stake in shares of Concrete Pumping by 39.1% during the second quarter. Hsbc Holdings PLC now owns 31,567 shares of the company’s stock worth $195,000 after purchasing an additional 8,866 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in Concrete Pumping in the third quarter valued at about $371,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Stock Performance

Shares of NASDAQ BBCP opened at $7.21 on Wednesday. The stock has a market capitalization of $385.95 million, a PE ratio of 27.73 and a beta of 1.13. Concrete Pumping Holdings, Inc. has a 52 week low of $5.05 and a 52 week high of $8.48. The stock has a 50 day moving average price of $5.85 and a 200 day moving average price of $6.16. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.54.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 6.17% and a net margin of 3.72%. During the same quarter last year, the business earned $0.17 earnings per share. Analysts predict that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BBCP shares. Robert W. Baird lowered their target price on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, September 5th. DA Davidson reduced their price target on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, UBS Group cut shares of Concrete Pumping from a “buy” rating to a “neutral” rating and cut their price objective for the company from $10.50 to $6.25 in a research report on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Concrete Pumping has an average rating of “Hold” and an average price target of $7.31.

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.