Miles Capital Inc. acquired a new position in U S Concrete, Inc. (NASDAQ:USCR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,247 shares of the construction company’s stock, valued at approximately $255,000.

Several other hedge funds have also bought and sold shares of USCR. Tudor Investment Corp ET AL boosted its position in shares of U S Concrete by 74.1% during the 2nd quarter. Tudor Investment Corp ET AL now owns 13,317 shares of the construction company’s stock valued at $1,046,000 after purchasing an additional 5,666 shares in the last quarter. HighTower Advisors LLC lifted its stake in U S Concrete by 17.4% in the second quarter. HighTower Advisors LLC now owns 26,773 shares of the construction company’s stock valued at $2,094,000 after buying an additional 3,971 shares during the period. Stifel Financial Corp boosted its holdings in shares of U S Concrete by 16.3% during the 2nd quarter. Stifel Financial Corp now owns 117,442 shares of the construction company’s stock worth $9,257,000 after buying an additional 16,440 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of U S Concrete by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 7,324 shares of the construction company’s stock worth $575,000 after buying an additional 689 shares in the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of U S Concrete during the 2nd quarter worth approximately $703,000.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Tuesday, August 15th. BidaskClub downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 target price on shares of U S Concrete in a research report on Thursday. Citigroup Inc. increased their target price on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. U S Concrete has a consensus rating of “Buy” and a consensus target price of $89.00.

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U S Concrete, Inc. (USCR) traded down 1.737% on Monday, reaching $74.975. The company had a trading volume of 140,923 shares. The company’s 50 day moving average is $76.30 and its 200-day moving average is $71.35. U S Concrete, Inc. has a one year low of $42.82 and a one year high of $83.85. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 47.513 and a beta of 1.21.

U S Concrete (NASDAQ:USCR) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 earnings per share. On average, equities research analysts expect that U S Concrete, Inc. will post $3.91 earnings per share for the current fiscal year.

In related news, VP David Andrew Behring sold 361 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the transaction, the vice president now owns 10,804 shares in the company, valued at $881,174.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the transaction, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. Insiders sold a total of 14,611 shares of company stock valued at $1,115,093 over the last 90 days. Company 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.

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

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