Insider Selling: U S Concrete, Inc. (USCR) VP Sells 200 Shares of Stock
U S Concrete, Inc. (NASDAQ:USCR) VP David Andrew Behring sold 200 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $76.15, for a total value of $15,230.00. Following the completion of the sale, the vice president now directly owns 10,404 shares of the company’s stock, valued at approximately $792,264.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
David Andrew Behring also recently made the following trade(s):
- On Friday, September 1st, David Andrew Behring sold 361 shares of U S Concrete stock. The shares were sold at an average price of $81.56, for a total value of $29,443.16.
- On Tuesday, August 1st, David Andrew Behring sold 200 shares of U S Concrete stock. The shares were sold at an average price of $78.55, for a total value of $15,710.00.
U S Concrete, Inc. (NASDAQ USCR) traded up 2.42% during midday trading on Tuesday, reaching $76.20. 343,099 shares of the company’s stock were exchanged. The stock has a market cap of $1.20 billion, a P/E ratio of 48.29 and a beta of 1.21. The firm’s 50-day moving average is $75.53 and its 200 day moving average is $71.79. U S Concrete, Inc. has a 1-year low of $44.10 and a 1-year high of $83.85.
U S Concrete (NASDAQ:USCR) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $340.90 million during the quarter, compared to analysts’ expectations of $342.60 million. During the same period in the prior year, the business earned $0.54 EPS. U S Concrete’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts anticipate that U S Concrete, Inc. will post $3.89 earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in USCR. Ameritas Investment Partners Inc. increased its position in shares of U S Concrete by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after acquiring an additional 177 shares in the last quarter. Crow Point Partners LLC acquired a new stake in shares of U S Concrete during the second quarter worth $147,000. Pinebridge Investments L.P. raised its holdings in shares of U S Concrete by 2.8% during the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after acquiring an additional 53 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of U S Concrete during the second quarter worth $196,000. Finally, ARP Americas LLC acquired a new stake in shares of U S Concrete during the second quarter worth $212,000.
Several research analysts recently weighed in on USCR shares. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub upgraded U S Concrete from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. Stifel Nicolaus restated a “buy” rating and set a $98.00 price objective on shares of U S Concrete in a research report on Thursday, September 28th. Zacks Investment Research cut U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Citigroup Inc. 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. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $89.00.
U S Concrete Company 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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