Concrete Pumping (NASDAQ:BBCP) Reaches New 1-Year High After Analyst Upgrade
by Michael Walen · The Markets DailyConcrete Pumping Holdings, Inc. (NASDAQ:BBCP – Get Free Report)’s stock price reached a new 52-week high during trading on Saturday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The company traded as high as $11.98 and last traded at $10.43, with a volume of 4414518 shares changing hands. The stock had previously closed at $7.98.
A number of other research firms also recently commented on BBCP. Weiss Ratings reiterated a “hold (c-)” rating on shares of Concrete Pumping in a research report on Friday, April 10th. Robert W. Baird boosted their target price on Concrete Pumping from $7.50 to $8.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Concrete Pumping presently has an average rating of “Hold” and an average target price of $8.25.
View Our Latest Research Report on Concrete Pumping
Key Concrete Pumping News
Here are the key news stories impacting Concrete Pumping this week:
- Positive Sentiment: Quarterly revenue rose 14% to $106.8 million, beating the consensus estimate of $96.71 million and signaling stronger-than-expected demand. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Positive Sentiment: Adjusted EBITDA increased 17% to $26.4 million and income from operations jumped 46%, suggesting margin expansion and better operating leverage. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Positive Sentiment: The company raised its FY 2026 revenue guidance to $410 million-$425 million, above the prior Street view, which reinforces confidence in the near-term growth outlook. Concrete Pumping Holdings Reports Strong Second Quarter Fiscal Year 2026 Results
- Neutral Sentiment: EPS came in at $0.04, below the $0.06 consensus, but investors appear to be focusing more on the revenue beat and improved margins than the earnings miss. MarketBeat BBCP earnings summary
- Neutral Sentiment: Commentary around stronger data center and chip-fab construction activity added an encouraging growth angle, helping explain the sharp stock reaction. Why Concrete Pumping Holdings Rocketed Over 30% Today On a Brutal Day For The Markets
Institutional Investors Weigh In On Concrete Pumping
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Concrete Pumping by 97.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,429 shares of the company’s stock valued at $31,000 after purchasing an additional 2,187 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Concrete Pumping in the 1st quarter worth $54,000. Mercer Global Advisors Inc. ADV purchased a new position in Concrete Pumping in the 3rd quarter worth $71,000. Verition Fund Management LLC purchased a new position in Concrete Pumping in the 4th quarter worth $69,000. Finally, Occudo Quantitative Strategies LP purchased a new position in Concrete Pumping in the 3rd quarter worth $74,000. 34.20% of the stock is currently owned by hedge funds and other institutional investors.
Concrete Pumping Price Performance
The company has a market cap of $526.82 million, a PE ratio of 74.50 and a beta of 0.94. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.82 and a current ratio of 1.96. The stock has a 50 day moving average of $7.60 and a 200-day moving average of $6.96.
Concrete Pumping (NASDAQ:BBCP – Get Free Report) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). The company had revenue of $106.80 million for the quarter, compared to analysts’ expectations of $96.71 million. Concrete Pumping had a net margin of 2.23% and a return on equity of 3.47%. Equities analysts predict that Concrete Pumping Holdings, Inc. will post 0.17 earnings per share for the current year.
Concrete Pumping Company Profile
Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.
Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.