US Concrete Inc (USCR) VP Sells $988,920.00 in Stock

US Concrete Inc (NASDAQ:USCR) VP Jeff L. Davis sold 12,000 shares of the stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $82.41, for a total value of $988,920.00. Following the completion of the transaction, the vice president now directly owns 13,022 shares of the company’s stock, valued at $1,073,143.02. The sale was disclosed in a filing with the SEC, which is available at this link.

US Concrete Inc (NASDAQ USCR) opened at $83.10 on Thursday. The company has a market capitalization of $1,380.00, a price-to-earnings ratio of 110.80, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. US Concrete Inc has a 12-month low of $57.95 and a 12-month high of $86.35.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). The firm had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm’s quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. equities research analysts predict that US Concrete Inc will post 3.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in USCR. BlackRock Inc. boosted its position in shares of US Concrete by 4.9% in the 2nd quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock worth $143,428,000 after purchasing an additional 85,391 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of US Concrete by 3.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 930,728 shares of the construction company’s stock worth $71,015,000 after purchasing an additional 27,548 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of US Concrete by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 793,426 shares of the construction company’s stock worth $62,323,000 after purchasing an additional 13,675 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of US Concrete by 1.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 565,727 shares of the construction company’s stock worth $43,165,000 after purchasing an additional 10,227 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of US Concrete in the 2nd quarter worth $44,346,000.

A number of equities research analysts recently commented on USCR shares. DA Davidson restated a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target on shares of US Concrete in a research report on Thursday, September 28th. BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered US Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $89.00.

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US 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 US Concrete (NASDAQ:USCR)

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