The recent sale of 37,130 shares of Concrete Pumping Holdings Inc by CEO Bruce Young has caught the attention of investors and market watchers. As the CEO of Concrete Pumping Holdings Inc, Young has played a key role in shaping the company’s strategic direction and operational performance.
Concrete Pumping Holdings Inc is a leading provider of concrete pumping services and concrete waste management services in the U.S. and U.K. They serve a diverse range of end markets such as commercial, infrastructure, and residential sectors.
Over the past year, Young has sold a total of 37,130 shares, without making any purchases. This recent sale represents a significant portion of his transactions over the past year.
The insider transaction history for Concrete Pumping Holdings Inc indicates that there have been no insider buys over the past year, but one insider sell. This could suggest that insiders believe the company’s current stock price accurately reflects its intrinsic value.
On the day of the insider’s recent sale, shares of Concrete Pumping Holdings Inc were trading at $8.13, giving the company a market cap of $452.997 million. The price-earnings ratio stands at 15.92, higher than both the industry median and the company’s historical median. This could indicate that the stock may be overvalued compared to its earnings.
According to the GuruFocus Value, Concrete Pumping Holdings Inc has a price-to-GF-Value ratio of 0.96, suggesting that the stock is fairly valued. The GuruFocus Value, based on historical multiples and future business performance estimates, is $8.50, which is close to the current price of $8.13.
While the recent sale of shares by the insider may indicate that the stock is fairly valued, investors should consider other factors such as the company’s financial health, growth prospects, and market conditions before making investment decisions.
Sources:
– GuruFocus