US Concrete Inc (NASDAQ:USCR) COO Ronnie A. Pruitt sold 4,563 shares of US Concrete stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $46.26, for a total value of $211,084.38. Following the completion of the transaction, the chief operating officer now owns 21,310 shares in the company, valued at approximately $985,800.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
NASDAQ:USCR traded up $1.83 during trading hours on Wednesday, hitting $47.49. 217,602 shares of the stock traded hands, compared to its average volume of 281,652. The business’s 50 day simple moving average is $47.65. The company has a current ratio of 1.25, a quick ratio of 1.06 and a debt-to-equity ratio of 2.21. US Concrete Inc has a fifty-two week low of $27.68 and a fifty-two week high of $55.25. The firm has a market capitalization of $758.87 million, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.66 and a beta of 1.23.
US Concrete (NASDAQ:USCR) last posted its quarterly earnings results on Thursday, May 9th. The construction company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). US Concrete had a return on equity of 8.76% and a net margin of 2.06%. The company had revenue of $333.10 million during the quarter, compared to analyst estimates of $342.80 million. During the same period last year, the company posted ($0.23) earnings per share. The company’s revenue was up 1.6% compared to the same quarter last year. Equities analysts anticipate that US Concrete Inc will post 2.84 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new position in shares of US Concrete in the fourth quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of US Concrete by 82.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock worth $40,000 after acquiring an additional 512 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of US Concrete by 20.2% in the first quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock worth $103,000 after acquiring an additional 420 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of US Concrete by 55,716.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,349 shares of the construction company’s stock worth $139,000 after acquiring an additional 3,343 shares during the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of US Concrete in the first quarter worth $200,000. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on USCR. Zacks Investment Research raised US Concrete from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Thursday, June 20th. BidaskClub downgraded US Concrete from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. SunTrust Banks downgraded US Concrete from a “positive” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Wednesday, May 15th. Finally, ValuEngine upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $55.00.
US Concrete Company Profile
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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