Next Century Growth Investors LLC Has $14.47 Million Holdings in U.S. Concrete, Inc (USCR)

Next Century Growth Investors LLC cut its holdings in U.S. Concrete, Inc (NASDAQ:USCR) by 9.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,628 shares of the construction company’s stock after selling 25,094 shares during the period. U.S. Concrete comprises about 1.9% of Next Century Growth Investors LLC’s holdings, making the stock its 12th largest position. Next Century Growth Investors LLC owned 1.42% of U.S. Concrete worth $14,473,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of USCR. Schwab Charles Investment Management Inc. increased its position in shares of U.S. Concrete by 4.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 73,115 shares of the construction company’s stock worth $6,117,000 after purchasing an additional 2,998 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of U.S. Concrete by 52.4% during the fourth quarter. Victory Capital Management Inc. now owns 578,200 shares of the construction company’s stock worth $48,366,000 after purchasing an additional 198,680 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of U.S. Concrete by 80.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,742 shares of the construction company’s stock worth $480,000 after purchasing an additional 2,552 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of U.S. Concrete during the fourth quarter worth about $433,000. Finally, California Public Employees Retirement System increased its position in shares of U.S. Concrete by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 21,877 shares of the construction company’s stock worth $1,830,000 after purchasing an additional 700 shares in the last quarter.

Shares of NASDAQ USCR traded up $0.30 during midday trading on Thursday, reaching $61.65. 3,672 shares of the company were exchanged, compared to its average volume of 430,878. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 2.44. U.S. Concrete, Inc has a 1 year low of $53.30 and a 1 year high of $86.35. The firm has a market cap of $1.03 billion, a P/E ratio of 22.82, a P/E/G ratio of 1.37 and a beta of 0.95.

U.S. Concrete (NASDAQ:USCR) last released its quarterly earnings results on Monday, April 30th. The construction company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.29). U.S. Concrete had a return on equity of 13.63% and a net margin of 1.08%. The company had revenue of $327.80 million for the quarter, compared to analysts’ expectations of $321.14 million. During the same period in the prior year, the business earned $0.55 EPS. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. analysts anticipate that U.S. Concrete, Inc will post 4.48 earnings per share for the current year.

In related news, Chairman William J. Sandbrook sold 9,000 shares of the firm’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $57.92, for a total transaction of $521,280.00. Following the transaction, the chairman now owns 407,612 shares of the company’s stock, valued at $23,608,887.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 27,390 shares of company stock worth $1,620,774. Corporate insiders own 5.30% of the company’s stock.

A number of analysts have recently commented on the company. ValuEngine upgraded U.S. Concrete from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. DA Davidson set a $95.00 target price on U.S. Concrete and gave the stock a “buy” rating in a research report on Sunday, May 20th. BidaskClub cut U.S. Concrete from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 24th. Stifel Nicolaus reiterated a “buy” rating and set a $88.00 target price on shares of U.S. Concrete in a research report on Friday, March 2nd. Finally, Zacks Investment Research cut U.S. Concrete from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Three analysts have rated the stock with a sell rating and four have given a buy rating to the company. U.S. Concrete presently has an average rating of “Hold” and an average target price of $87.20.

About U.S. Concrete

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.

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

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