U.S. Concrete, Inc (USCR) Position Trimmed by Metropolitan Life Insurance Co. NY

Metropolitan Life Insurance Co. NY decreased its position in shares of U.S. Concrete, Inc (NASDAQ:USCR) by 69.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,983 shares of the construction company’s stock after selling 11,086 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in U.S. Concrete were worth $417,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in U.S. Concrete by 4.2% during the 4th quarter. BlackRock Inc. now owns 1,949,913 shares of the construction company’s stock worth $163,110,000 after acquiring an additional 78,135 shares during the last quarter. Dupont Capital Management Corp boosted its stake in U.S. Concrete by 1.6% during the 4th quarter. Dupont Capital Management Corp now owns 325,368 shares of the construction company’s stock worth $27,217,000 after acquiring an additional 5,000 shares during the last quarter. Copper Rock Capital Partners LLC boosted its stake in U.S. Concrete by 3.6% during the 4th quarter. Copper Rock Capital Partners LLC now owns 356,105 shares of the construction company’s stock worth $29,610,000 after acquiring an additional 12,412 shares during the last quarter. Rhumbline Advisers boosted its stake in U.S. Concrete by 20.1% during the 4th quarter. Rhumbline Advisers now owns 35,293 shares of the construction company’s stock worth $2,952,000 after acquiring an additional 5,899 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in U.S. Concrete by 93.1% during the 4th quarter. Oppenheimer & Co. Inc. now owns 8,114 shares of the construction company’s stock worth $679,000 after acquiring an additional 3,913 shares during the last quarter.

How to Become a New Pot Stock Millionaire

Shares of USCR opened at $58.80 on Monday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.26 and a current ratio of 1.50. U.S. Concrete, Inc has a twelve month low of $58.10 and a twelve month high of $86.35. The company has a market capitalization of $1,003.37, a price-to-earnings ratio of 21.70, a P/E/G ratio of 1.26 and a beta of 0.96.

U.S. Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Thursday, March 1st. The construction company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.27). U.S. Concrete had a net margin of 1.91% and a return on equity of 17.54%. The company had revenue of $341.35 million during the quarter, compared to the consensus estimate of $354.33 million. During the same period in the previous year, the firm posted $0.82 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. analysts anticipate that U.S. Concrete, Inc will post 4.75 earnings per share for the current year.

In other U.S. Concrete news, VP Mark Baker Peabody sold 1,000 shares of U.S. Concrete stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $70.00, for a total value of $70,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Ronnie A. Pruitt sold 500 shares of U.S. Concrete stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $83.15, for a total transaction of $41,575.00. Following the completion of the transaction, the chief operating officer now directly owns 17,656 shares in the company, valued at approximately $1,468,096.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,840 shares of company stock worth $2,177,909. Insiders own 5.30% of the company’s stock.

Several research analysts recently weighed in on USCR shares. BidaskClub lowered shares of U.S. Concrete from a “hold” rating to a “sell” rating in a research note on Friday, March 2nd. Stephens reissued a “buy” rating and set a $84.00 price objective on shares of U.S. Concrete in a research note on Tuesday, March 6th. Zacks Investment Research lowered shares of U.S. Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. DA Davidson reduced their price objective on shares of U.S. Concrete to $98.00 and set a “buy” rating on the stock in a research note on Friday, March 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price target on shares of U.S. Concrete in a research note on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $88.60.

ILLEGAL ACTIVITY NOTICE: “U.S. Concrete, Inc (USCR) Position Trimmed by Metropolitan Life Insurance Co. NY” was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be viewed at https://www.chaffeybreeze.com/2018/04/16/u-s-concrete-inc-uscr-position-trimmed-by-metropolitan-life-insurance-co-ny.html.

U.S. 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 and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

Want to see what other hedge funds are holding USCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U.S. Concrete, Inc (NASDAQ:USCR).

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

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

Leave a Reply