SunTrust Banks cut shares of US Concrete (NASDAQ:USCR) from a positive rating to a hold rating in a research note released on Wednesday morning, The Fly reports. They currently have $43.00 price target on the construction company’s stock.

A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of US Concrete from a strong-buy rating to a buy rating in a research note on Friday, May 3rd. ValuEngine raised shares of US Concrete from a sell rating to a hold rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. US Concrete presently has a consensus rating of Buy and a consensus target price of $55.33.

Shares of NASDAQ:USCR traded down $0.30 on Wednesday, reaching $48.55. The company had a trading volume of 1,267 shares, compared to its average volume of 298,341. US Concrete has a twelve month low of $27.68 and a twelve month high of $65.85. The stock has a market capitalization of $811.84 million, a P/E ratio of 25.29, a P/E/G ratio of 1.76 and a beta of 1.29. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.25 and a quick ratio of 1.06.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Thursday, May 9th. The construction company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $333.10 million during the quarter, compared to analyst estimates of $342.80 million. US Concrete had a return on equity of 8.76% and a net margin of 2.06%. US Concrete’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS. As a group, research analysts expect that US Concrete will post 2.67 EPS for the current fiscal year.

In other US Concrete news, VP Jeffrey W. Roberts sold 3,800 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $41.03, for a total value of $155,914.00. Following the sale, the vice president now owns 16,511 shares in the company, valued at $677,446.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Niel L. Poulsen sold 5,782 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $42.87, for a total transaction of $247,874.34. Following the completion of the sale, the executive vice president now owns 9,575 shares in the company, valued at approximately $410,480.25. The disclosure for this sale can be found here. Insiders sold 15,432 shares of company stock worth $643,221 over the last three months. 4.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the business. ACK Asset Management LLC acquired a new position in US Concrete in the first quarter valued at $10,618,000. Millennium Management LLC increased its stake in US Concrete by 113.3% in the fourth quarter. Millennium Management LLC now owns 393,802 shares of the construction company’s stock valued at $13,893,000 after purchasing an additional 209,199 shares in the last quarter. Monarch Partners Asset Management LLC increased its stake in US Concrete by 2,271.1% in the fourth quarter. Monarch Partners Asset Management LLC now owns 215,300 shares of the construction company’s stock valued at $7,596,000 after purchasing an additional 206,220 shares in the last quarter. Shellback Capital LP bought a new stake in US Concrete in the fourth quarter valued at $5,620,000. Finally, Dimensional Fund Advisors LP increased its stake in US Concrete by 21.0% in the first quarter. Dimensional Fund Advisors LP now owns 874,420 shares of the construction company’s stock valued at $36,218,000 after purchasing an additional 151,616 shares in the last quarter. Hedge funds and other institutional investors own 98.51% 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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