Advisor Group Inc. Has $363,000 Position in U S Concrete, Inc. (USCR)
Advisor Group Inc. raised its position in shares of U S Concrete, Inc. (NASDAQ:USCR) by 77.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,756 shares of the construction company’s stock after purchasing an additional 2,074 shares during the quarter. Advisor Group Inc.’s holdings in U S Concrete were worth $363,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BlackRock Inc. boosted its stake in U S Concrete by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock valued at $143,428,000 after purchasing an additional 85,391 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of U S Concrete by 34.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 903,180 shares of the construction company’s stock worth $70,945,000 after acquiring an additional 231,798 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of U S Concrete by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 793,426 shares of the construction company’s stock worth $62,323,000 after acquiring an additional 13,675 shares in the last quarter. Janus Henderson Group PLC bought a new stake in shares of U S Concrete during the 2nd quarter worth $44,346,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of U S Concrete by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 555,500 shares of the construction company’s stock worth $43,635,000 after acquiring an additional 3,457 shares in the last quarter.
Several research firms have recently weighed in on USCR. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup Inc. raised their price objective on U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered U S Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub lowered U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective on shares of U S Concrete in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given 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.
In other news, VP David Andrew Behring sold 361 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the sale, the vice president now owns 10,804 shares in the company, valued at $881,174.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 1,561 shares of company stock valued at $122,018 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.
Shares of U S Concrete, Inc. (USCR) opened at $74.30 on Monday. The firm has a market capitalization of $1,237.02, a price-to-earnings ratio of 25.02, a PEG ratio of 2.39 and a beta of 1.32. 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, Inc. has a one year low of $56.50 and a one year high of $83.85.
U S Concrete (NASDAQ:USCR) last released its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). The business had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. U S Concrete’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.19 EPS. research analysts anticipate that U S Concrete, Inc. will post 3.11 earnings per share for the current year.
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U S Concrete 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.
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