Grandview Asset Management LLC Acquires Shares of 16,600 US Concrete Inc (USCR)

Grandview Asset Management LLC acquired a new position in shares of US Concrete Inc (NASDAQ:USCR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,600 shares of the construction company’s stock, valued at approximately $586,000. Grandview Asset Management LLC owned approximately 0.10% of US Concrete at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of USCR. Millennium Management LLC increased its stake in shares of US Concrete by 37.1% during the 2nd quarter. Millennium Management LLC now owns 33,589 shares of the construction company’s stock worth $1,763,000 after purchasing an additional 9,084 shares in the last quarter. Advisors Asset Management Inc. grew its stake in US Concrete by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 11,700 shares of the construction company’s stock worth $614,000 after acquiring an additional 4,747 shares during the period. Bank of New York Mellon Corp grew its stake in US Concrete by 51.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,078,115 shares of the construction company’s stock worth $109,101,000 after acquiring an additional 709,745 shares during the period. Northern Trust Corp grew its stake in US Concrete by 3.1% in the 2nd quarter. Northern Trust Corp now owns 209,402 shares of the construction company’s stock worth $10,994,000 after acquiring an additional 6,221 shares during the period. Finally, Malaga Cove Capital LLC grew its stake in US Concrete by 17.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 21,121 shares of the construction company’s stock worth $974,000 after acquiring an additional 3,134 shares during the period.

Shares of NASDAQ USCR opened at $36.50 on Monday. US Concrete Inc has a 52-week low of $27.68 and a 52-week high of $79.60. The firm has a market cap of $613.93 million, a PE ratio of 13.47, a P/E/G ratio of 1.13 and a beta of 1.30. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.28 and a quick ratio of 1.10.

Several research firms have commented on USCR. ValuEngine raised shares of US Concrete from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 7th. BidaskClub raised shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. SunTrust Banks cut shares of US Concrete from a “buy” rating to a “hold” rating and set a $37.55 target price for the company. in a research note on Thursday, January 31st. Sidoti began coverage on shares of US Concrete in a research note on Monday, October 15th. They issued a “buy” rating for the company. Finally, Citigroup lowered their target price on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, January 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $68.26.

In other US Concrete news, Director Robert Martin Rayner bought 3,600 shares of US Concrete stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $38.01 per share, for a total transaction of $136,836.00. Following the acquisition, the director now owns 58,328 shares of the company’s stock, valued at approximately $2,217,047.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Theodore P. Rossi bought 10,000 shares of US Concrete stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average price of $34.85 per share, for a total transaction of $348,500.00. Following the acquisition, the director now directly owns 78,411 shares in the company, valued at approximately $2,732,623.35. The disclosure for this purchase can be found here. Insiders have bought a total of 64,100 shares of company stock valued at $2,207,936 over the last three months. Corporate insiders own 5.30% of the company’s stock.

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About US 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.

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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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