Insider Selling: US Concrete Inc (NASDAQ:USCR) VP Sells 1,268 Shares of Stock
US Concrete Inc (NASDAQ:USCR) VP Herbert A. Burton sold 1,268 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $47.69, for a total transaction of $60,470.92. Following the transaction, the vice president now owns 5,681 shares of the company’s stock, valued at $270,926.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ:USCR traded up $0.34 during trading on Friday, hitting $47.68. 120,200 shares of the company were exchanged, compared to its average volume of 261,997. The business’s 50 day moving average is $44.50 and its 200-day moving average is $45.47. The company has a market capitalization of $783.34 million, a P/E ratio of 24.70 and a beta of 1.29. The company has a quick ratio of 1.09, a current ratio of 1.29 and a debt-to-equity ratio of 2.16. US Concrete Inc has a 1-year low of $27.68 and a 1-year high of $54.95.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Friday, August 9th. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.62). The company had revenue of $367.50 million for the quarter, compared to analyst estimates of $408.18 million. US Concrete had a return on equity of 3.05% and a net margin of 1.06%. The firm’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter last year, the company posted $1.08 earnings per share. As a group, sell-side analysts anticipate that US Concrete Inc will post 2.31 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of USCR. Steward Partners Investment Advisory LLC acquired a new stake in US Concrete in the second quarter valued at $29,000. Meeder Asset Management Inc. acquired a new stake in US Concrete in the second quarter valued at $61,000. Bank of Montreal Can increased its holdings in US Concrete by 1,359.1% in the second quarter. Bank of Montreal Can now owns 1,605 shares of the construction company’s stock valued at $80,000 after purchasing an additional 1,495 shares during the period. Advisory Services Network LLC increased its holdings in US Concrete by 20.2% in the first quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock valued at $103,000 after purchasing an additional 420 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in US Concrete by 55,716.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,349 shares of the construction company’s stock valued at $139,000 after purchasing an additional 3,343 shares during the period. Institutional investors and hedge funds own 97.75% of the company’s stock.
About US Concrete
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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