River & Mercantile Asset Management LLP bought a new position in shares of US Concrete Inc (NASDAQ:USCR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 39,670 shares of the construction company’s stock, valued at approximately $1,971,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USCR. US Bancorp DE grew its holdings in shares of US Concrete by 9.0% during the 1st quarter. US Bancorp DE now owns 14,182 shares of the construction company’s stock worth $588,000 after purchasing an additional 1,172 shares in the last quarter. GYL Financial Synergies LLC acquired a new stake in shares of US Concrete during the 1st quarter worth $496,000. Red Cedar Management LP grew its holdings in shares of US Concrete by 29.4% during the 1st quarter. Red Cedar Management LP now owns 220,000 shares of the construction company’s stock worth $9,112,000 after purchasing an additional 50,000 shares in the last quarter. Clearbridge Investments LLC grew its holdings in shares of US Concrete by 3.4% during the 1st quarter. Clearbridge Investments LLC now owns 267,590 shares of the construction company’s stock worth $11,084,000 after purchasing an additional 8,820 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in shares of US Concrete by 20.2% during the 1st quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock worth $103,000 after purchasing an additional 420 shares in the last quarter. 97.46% of the stock is currently owned by institutional investors.

Shares of USCR stock traded up $0.72 on Wednesday, hitting $52.00. 105 shares of the company’s stock were exchanged, compared to its average volume of 259,593. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.29 and a quick ratio of 1.09. US Concrete Inc has a 12 month low of $27.68 and a 12 month high of $56.22. The stock has a market cap of $843.66 million, a P/E ratio of 26.70 and a beta of 1.35. The company has a 50 day moving average of $46.40 and a 200 day moving average of $46.56.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Friday, August 9th. The construction company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.62). US Concrete had a return on equity of 3.05% and a net margin of 1.06%. The business had revenue of $367.50 million for the quarter, compared to the consensus estimate of $408.18 million. During the same quarter in the prior year, the company earned $1.08 earnings per share. US Concrete’s quarterly revenue was down 9.1% compared to the same quarter last year. Sell-side analysts predict that US Concrete Inc will post 1.89 EPS for the current fiscal year.

Several research firms have recently issued reports on USCR. BidaskClub raised US Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 27th. Stifel Nicolaus lowered US Concrete from a “buy” rating to a “hold” rating and increased their target price for the stock from $51.00 to $53.00 in a report on Thursday, July 18th. Zacks Investment Research reissued a “sell” rating on shares of US Concrete in a report on Saturday, July 27th. Finally, ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $54.60.

In other US Concrete news, VP Matthew Emmert sold 1,699 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $47.55, for a total value of $80,787.45. Following the completion of the transaction, the vice president now directly owns 2,460 shares in the company, valued at $116,973. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Herbert A. Burton sold 1,268 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $47.69, for a total value of $60,470.92. Following the completion of the transaction, the vice president now owns 5,681 shares of the company’s stock, valued at $270,926.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,717 shares of company stock valued at $176,196. 4.70% of the stock is owned by corporate insiders.

US Concrete Company Profile

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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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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