U S Concrete (USCR) Receiving Somewhat Favorable Press Coverage, Accern Reports
News articles about U S Concrete (NASDAQ:USCR) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. U S Concrete earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.3445720762986 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- U S Concrete, Inc. (USCR) Expected to Post Earnings of $1.43 Per Share (americanbankingnews.com)
- Featured Company News – US Concrete Acquires Assets of Action Supply (finance.yahoo.com)
- Insider Selling: U S Concrete, Inc. (USCR) VP Sells 200 Shares of Stock (americanbankingnews.com)
- US Concrete, Inc. (USCR)- Stocks Gaining Momentum – NASDAQ Times (nasdaqtimes.com)
- US Concrete Expands East Coast Footprint Into Philadelphia With Acquisition Of Action Supply – PR Newswire (press release) (prnewswire.com)
Shares of U S Concrete (NASDAQ:USCR) traded up 1.76% on Thursday, hitting $77.95. 251,334 shares of the stock traded hands. The firm has a market cap of $1.22 billion, a P/E ratio of 49.40 and a beta of 1.21. U S Concrete has a 12-month low of $44.10 and a 12-month high of $83.85. The firm’s 50-day moving average is $75.53 and its 200 day moving average is $71.82.
U S Concrete (NASDAQ:USCR) last issued its quarterly 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. The business had revenue of $340.90 million during the quarter, compared to analyst estimates of $342.60 million. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. The business’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Equities research analysts forecast that U S Concrete will post $3.89 EPS for the current fiscal year.
USCR has been the subject of several analyst reports. BidaskClub cut shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine upgraded shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. boosted their price target on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target on shares of U S Concrete in a report on Thursday, September 28th. Finally, Zacks Investment Research cut shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $89.00.
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In related news, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction on Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the sale, the vice president now owns 10,804 shares in the company, valued at $881,174.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the sale, the chief executive officer now owns 412,091 shares of the company’s stock, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,561 shares of company stock valued at $1,110,748. 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.
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