Crossmark Global Holdings Inc. Purchases New Holdings in U S Concrete, Inc. (USCR)
Crossmark Global Holdings Inc. purchased a new position in U S Concrete, Inc. (NASDAQ:USCR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,190 shares of the construction company’s stock, valued at approximately $243,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in USCR. Ameritas Investment Partners Inc. lifted its holdings in shares of U S Concrete by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after purchasing an additional 177 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of U S Concrete by 2.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after purchasing an additional 53 shares during the last quarter. First Mercantile Trust Co. bought a new stake in shares of U S Concrete in the 2nd quarter worth approximately $196,000. Aperio Group LLC bought a new stake in U S Concrete during the 3rd quarter valued at $210,000. Finally, ARP Americas LLC bought a new stake in U S Concrete during the 2nd quarter valued at $212,000.
Shares of U S Concrete, Inc. (NASDAQ:USCR) opened at $80.10 on Friday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31. The firm has a market capitalization of $1,346.10, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 2.60 and a beta of 1.32. U S Concrete, Inc. has a 12 month low of $57.30 and a 12 month high of $83.85.
U S Concrete (NASDAQ:USCR) last announced its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.47). The business had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm’s revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. equities research analysts expect that U S Concrete, Inc. will post 3.11 earnings per share for the current fiscal year.
Several analysts have weighed in on USCR shares. Citigroup lifted their target price on U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, August 15th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 target price on shares of U S Concrete in a research note on Thursday, September 28th. One investment 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. The stock currently has an average rating of “Hold” and an average target price of $89.00.
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About U S Concrete
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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