US Concrete Inc (NASDAQ:USCR) EVP Niel L. Poulsen sold 12,957 shares of the stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $70.00, for a total transaction of $906,990.00. Following the transaction, the executive vice president now directly owns 33,690 shares in the company, valued at approximately $2,358,300. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of US Concrete Inc (NASDAQ:USCR) opened at 69.35 on Tuesday. US Concrete Inc has a 1-year low of $42.82 and a 1-year high of $71.35. The firm has a 50-day moving average of $65.57 and a 200 day moving average of $58.02. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 127.01 and a beta of 1.19.
US Concrete (NASDAQ:USCR) last released its quarterly earnings data on Tuesday, February 28th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.12. US Concrete had a net margin of 4.41% and a return on equity of 27.73%. The firm had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $313.92 million. During the same quarter in the previous year, the company earned $0.55 earnings per share. The company’s revenue for the quarter was up 20.9% compared to the same quarter last year. Equities research analysts forecast that US Concrete Inc will post $3.56 earnings per share for the current year.
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USCR has been the topic of a number of analyst reports. Stifel Nicolaus upped their target price on shares of US Concrete to $76.00 in a report on Wednesday, March 1st. DA Davidson restated a “buy” rating and issued a $80.00 target price on shares of US Concrete in a report on Friday, March 3rd. TheStreet lowered shares of US Concrete from a “b+” rating to a “c+” rating in a report on Tuesday, March 14th. Finally, Zacks Investment Research upgraded shares of US Concrete from a “strong sell” rating to a “hold” rating in a report on Friday, January 6th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $78.83.
Large investors have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan raised its stake in shares of US Concrete by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,060 shares of the company’s stock worth $141,000 after buying an additional 40 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of US Concrete by 238.8% in the third quarter. Quantbot Technologies LP now owns 4,773 shares of the company’s stock worth $219,000 after buying an additional 3,364 shares during the last quarter. K.J. Harrison & Partners Inc bought a new stake in shares of US Concrete during the third quarter worth $221,000. Greenwood Capital Associates LLC bought a new stake in shares of US Concrete during the fourth quarter worth $232,000. Finally, First American Bank raised its stake in shares of US Concrete by 1.6% in the third quarter. First American Bank now owns 5,780 shares of the company’s stock worth $266,000 after buying an additional 90 shares during the last quarter.
US Concrete Company Profile
U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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