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.

Several research analysts have recently issued reports on USCR shares. Stifel Nicolaus downgraded shares of US Concrete from a “buy” rating to a “hold” rating and upped their price target for the stock from $51.00 to $53.00 in a report on Thursday, July 18th. Zacks Investment Research reiterated a “sell” rating on shares of US Concrete in a report on Saturday, July 27th. BidaskClub downgraded shares of US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Finally, ValuEngine downgraded shares of US Concrete from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. US Concrete presently has an average rating of “Hold” and an average target price of $54.60.

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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Insider Buying and Selling by Quarter for US Concrete (NASDAQ:USCR)

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