Engineers Gate Manager LP Boosts Position in U S Concrete, Inc. (USCR)

Engineers Gate Manager LP boosted its stake in U S Concrete, Inc. (NASDAQ:USCR) by 83.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 37,111 shares of the construction company’s stock after purchasing an additional 16,831 shares during the period. Engineers Gate Manager LP owned about 0.22% of U S Concrete worth $2,832,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invictus RG grew its stake in shares of U S Concrete by 29.0% in the third quarter. Invictus RG now owns 5,531 shares of the construction company’s stock worth $422,000 after acquiring an additional 1,245 shares in the last quarter. Stifel Financial Corp grew its stake in shares of U S Concrete by 27.2% in the third quarter. Stifel Financial Corp now owns 149,376 shares of the construction company’s stock worth $11,436,000 after acquiring an additional 31,934 shares in the last quarter. OxFORD Asset Management LLP grew its stake in shares of U S Concrete by 87.3% in the third quarter. OxFORD Asset Management LLP now owns 16,774 shares of the construction company’s stock worth $1,268,000 after acquiring an additional 7,819 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of U S Concrete by 1.8% in the third quarter. Dimensional Fund Advisors LP now owns 565,727 shares of the construction company’s stock worth $43,165,000 after acquiring an additional 10,227 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of U S Concrete by 16.3% in the third quarter. Schwab Charles Investment Management Inc. now owns 70,117 shares of the construction company’s stock worth $5,350,000 after acquiring an additional 9,849 shares in the last quarter.

In related news, Director Colin Mcgill Sutherland sold 1,400 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.28, for a total value of $116,592.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Niel L. Poulsen sold 20,644 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $80.42, for a total transaction of $1,660,190.48. Following the completion of the sale, the executive vice president now directly owns 16,665 shares of the company’s stock, valued at $1,340,199.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,954 shares of company stock valued at $2,648,939. 5.90% of the stock is owned by corporate insiders.

Several research firms have commented on USCR. BidaskClub upgraded shares of U S Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. DA Davidson reaffirmed a “buy” rating on shares of U S Concrete in a research report on Monday. Citigroup lifted their price objective on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut shares of U S Concrete from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $89.00.

Shares of U S Concrete, Inc. (USCR) opened at $81.60 on Thursday. The stock has a market cap of $1,360.00, a price-to-earnings ratio of 28.06, a PEG ratio of 2.68 and a beta of 1.31. U S Concrete, Inc. has a 1 year low of $57.95 and a 1 year high of $84.60. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31.

U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. The firm had revenue of $354.60 million for the quarter, compared to analysts’ expectations of $364.16 million. During the same period last year, the firm posted $1.19 earnings per share. U S Concrete’s revenue for the quarter was up 7.9% on a year-over-year basis. research analysts anticipate that U S Concrete, Inc. will post 3.11 earnings per share for the current year.

WARNING: “Engineers Gate Manager LP Boosts Position in U S Concrete, Inc. (USCR)” was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://www.chaffeybreeze.com/2017/12/07/engineers-gate-manager-lp-boosts-position-in-u-s-concrete-inc-uscr.html.

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.

Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

Receive News & Ratings for U S Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U S Concrete Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply