Diamond Hill Capital Management Inc. Has $6.31 Million Holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Diamond Hill Capital Management Inc. lifted its holdings in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,049,645 shares of the company’s stock after purchasing an additional 15,847 shares during the period. Diamond Hill Capital Management Inc. owned 1.94% of Concrete Pumping worth $6,308,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Epoch Investment Partners Inc. acquired a new position in Concrete Pumping in the first quarter valued at $3,439,000. Janney Montgomery Scott LLC lifted its holdings in Concrete Pumping by 15.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 55,041 shares of the company’s stock valued at $451,000 after buying an additional 7,520 shares during the period. Private Advisor Group LLC acquired a new position in Concrete Pumping in the fourth quarter valued at $101,000. 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. Finally, Empowered Funds LLC lifted its holdings in Concrete Pumping by 8.2% in the first quarter. Empowered Funds LLC now owns 268,272 shares of the company’s stock valued at $2,119,000 after buying an additional 20,290 shares during the period. Institutional investors and hedge funds own 34.20% of the company’s stock.

Wall Street Analysts Forecast Growth

BBCP has been the topic of several research reports. Robert W. Baird dropped their price objective 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. DA Davidson dropped their price objective on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a report on Thursday, September 5th. Stifel Nicolaus dropped their price objective on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, UBS Group lowered shares of Concrete Pumping from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $10.50 to $6.25 in a report on Friday, September 6th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.55.

Concrete Pumping Stock Performance

Shares of BBCP opened at $5.71 on Monday. The company has a market cap of $309.02 million, a PE ratio of 18.42 and a beta of 1.11. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. The stock has a 50-day moving average price of $6.21 and a 200-day moving average price of $6.77. Concrete Pumping Holdings, Inc. has a 12-month low of $5.05 and a 12-month high of $9.15.

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

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.