Federated Investors Inc. PA boosted its stake in U S Concrete, Inc. (NASDAQ:USCR) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,086 shares of the construction company’s stock after buying an additional 328 shares during the period. Federated Investors Inc. PA owned 0.66% of U S Concrete worth $8,019,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of USCR. BlackRock Inc. increased its stake in shares of U S Concrete by 155,863.7% in the first quarter. BlackRock Inc. now owns 1,740,555 shares of the construction company’s stock valued at $112,353,000 after buying an additional 1,739,439 shares in the last quarter. Bank of New York Mellon Corp increased its position in U S Concrete by 34.5% in the second quarter. Bank of New York Mellon Corp now owns 903,180 shares of the construction company’s stock worth $70,945,000 after buying an additional 231,798 shares during the period. Vanguard Group Inc. increased its position in U S Concrete by 9.0% in the first quarter. Vanguard Group Inc. now owns 779,751 shares of the construction company’s stock worth $50,332,000 after buying an additional 64,092 shares during the period. Dimensional Fund Advisors LP increased its position in U S Concrete by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 552,043 shares of the construction company’s stock worth $35,634,000 after buying an additional 20,254 shares during the period. Finally, Rothschild Asset Management Inc. increased its position in U S Concrete by 5.0% in the second quarter. Rothschild Asset Management Inc. now owns 373,365 shares of the construction company’s stock worth $29,328,000 after buying an additional 17,815 shares during the period.

Shares of U S Concrete, Inc. (NASDAQ USCR) opened at 74.05 on Wednesday. U S Concrete, Inc. has a 12-month low of $42.82 and a 12-month high of $80.45. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 46.93 and a beta of 1.22. The firm’s 50-day moving average is $77.35 and its 200-day moving average is $69.85.

U S Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The company had revenue of $340.90 million for the quarter, compared to the consensus estimate of $342.60 million. During the same quarter in the prior year, the company posted $0.54 EPS. U S Concrete’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities analysts predict that U S Concrete, Inc. will post $3.99 EPS for the current year.

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A number of brokerages have commented on USCR. Citigroup Inc. increased their price target on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, August 15th. BidaskClub cut shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, TheStreet upgraded shares of U S Concrete from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $83.50.

In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the sale, the chief executive officer now directly owns 412,091 shares in the company, valued at $31,236,497.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jeffrey W. Roberts sold 2,394 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $68.00, for a total value of $162,792.00. Following the completion of the sale, the vice president now owns 34,422 shares of the company’s stock, valued at $2,340,696. The disclosure for this sale can be found here. Insiders have sold a total of 23,044 shares of company stock worth $1,752,113 in the last three months. Corporate insiders own 5.90% of the company’s stock.

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

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