U S Concrete, Inc. (USCR) Director Sells $805,906.60 in Stock

U S Concrete, Inc. (NASDAQ:USCR) Director Kurt Matthew Cellar sold 10,060 shares of U S Concrete stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.11, for a total transaction of $805,906.60. Following the sale, the director now directly owns 40,081 shares in the company, valued at approximately $3,210,888.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of U S Concrete, Inc. (NASDAQ USCR) traded up $0.10 during midday trading on Tuesday, reaching $83.45. The company’s stock had a trading volume of 419,360 shares, compared to its average volume of 329,290. The stock has a market capitalization of $1,333.61, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.58 and a beta of 1.31. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35. U S Concrete, Inc. has a 52 week low of $57.95 and a 52 week high of $84.60.

U S Concrete (NASDAQ:USCR) last announced its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The firm had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.19 EPS. analysts predict that U S Concrete, Inc. will post 3.11 EPS for the current fiscal year.

Several research firms have recently commented on USCR. DA Davidson reaffirmed a “buy” rating on shares of U S Concrete in a research report on Monday. ValuEngine lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research report on Thursday, September 28th. Zacks Investment Research raised shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research report on Tuesday, August 15th. Finally, Citigroup lifted their price target on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new position in shares of U S Concrete in the third quarter worth $670,000. Argent Capital Management LLC grew its stake in shares of U S Concrete by 39.0% in the third quarter. Argent Capital Management LLC now owns 42,075 shares of the construction company’s stock worth $3,210,000 after acquiring an additional 11,800 shares in the last quarter. California Public Employees Retirement System grew its stake in shares of U S Concrete by 5.9% in the third quarter. California Public Employees Retirement System now owns 21,177 shares of the construction company’s stock worth $1,616,000 after acquiring an additional 1,177 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of U S Concrete by 344.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,208 shares of the construction company’s stock worth $626,000 after acquiring an additional 6,362 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of U S Concrete by 163.0% in the third quarter. Point72 Asset Management L.P. now owns 532,742 shares of the construction company’s stock worth $40,648,000 after acquiring an additional 330,177 shares in the last quarter.

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U S Concrete Company Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

Insider Buying and Selling by Quarter for U S Concrete (NASDAQ:USCR)

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