HMS Capital Management LLC held its stake in shares of U S Concrete, Inc. (NASDAQ:USCR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,380 shares of the construction company’s stock at the close of the second quarter. HMS Capital Management LLC’s holdings in U S Concrete were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in U S Concrete by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock valued at $352,000 after acquiring an additional 66 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in U S Concrete by 2.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 3,250 shares of the construction company’s stock valued at $210,000 after acquiring an additional 70 shares in the last quarter. State of Alaska Department of Revenue raised its position in U S Concrete by 5.2% during the first quarter. State of Alaska Department of Revenue now owns 1,610 shares of the construction company’s stock valued at $103,000 after acquiring an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its position in U S Concrete by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock valued at $479,000 after acquiring an additional 100 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its position in U S Concrete by 1.9% during the second quarter. Greenwood Capital Associates LLC now owns 6,066 shares of the construction company’s stock valued at $476,000 after acquiring an additional 114 shares in the last quarter.

Shares of U S Concrete, Inc. (USCR) traded down 0.43% during trading on Friday, reaching $69.85. The company’s stock had a trading volume of 194,168 shares. U S Concrete, Inc. has a 52 week low of $42.82 and a 52 week high of $83.85. The company has a market cap of $1.10 billion, a PE ratio of 44.26 and a beta of 1.22. The stock’s 50 day moving average price is $76.84 and its 200 day moving average price is $71.14.

U S Concrete (NASDAQ:USCR) last posted its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. The firm had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was up 23.6% on a year-over-year basis. Equities research analysts predict that U S Concrete, Inc. will post $3.93 EPS for the current year.

In other news, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the sale, the vice president now owns 10,804 shares of the company’s stock, valued at $881,174.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $76.27, for a total transaction of $495,755.00. Following the sale, the chief executive officer now directly owns 425,345 shares of the company’s stock, valued at approximately $32,441,063.15. The disclosure for this sale can be found here. Insiders have sold 21,311 shares of company stock valued at $1,643,874 in the last ninety days. Insiders own 5.90% of the company’s stock.

Several equities analysts recently weighed in on USCR shares. BidaskClub lowered shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. raised their price objective on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. U S Concrete has an average rating of “Buy” and an average price target of $83.50.

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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.

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

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