US Concrete (NASDAQ:USCR) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

Several other equities research analysts have also recently weighed in on the company. SunTrust Banks set a $70.00 price target on US Concrete and gave the company a “buy” rating in a research report on Monday, August 6th. Citigroup decreased their price target on US Concrete from $77.00 to $74.00 and set a “$53.95” rating on the stock in a research report on Monday, July 23rd. ValuEngine cut US Concrete from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 26th. Finally, DA Davidson set a $95.00 price target on US Concrete and gave the company a “buy” rating in a research report on Sunday, May 20th. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.33.

NASDAQ USCR opened at $50.25 on Friday. US Concrete has a 52 week low of $44.00 and a 52 week high of $86.35. The stock has a market cap of $803.90 million, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 2.27.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.21). US Concrete had a net margin of 2.34% and a return on equity of 12.82%. The company had revenue of $404.20 million for the quarter, compared to the consensus estimate of $390.55 million. During the same quarter in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. analysts anticipate that US Concrete will post 3.63 earnings per share for the current fiscal year.

In related news, Director Kurt Matthew Cellar acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were bought at an average cost of $48.30 per share, for a total transaction of $96,600.00. Following the completion of the transaction, the director now owns 45,309 shares in the company, valued at $2,188,424.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John E. Kunz acquired 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The stock was bought at an average price of $51.76 per share, for a total transaction of $51,760.00. Following the completion of the transaction, the chief financial officer now owns 13,356 shares of the company’s stock, valued at approximately $691,306.56. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 8,650 shares of company stock worth $424,178 and have sold 18,390 shares worth $936,288. Corporate insiders own 5.30% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC increased its position in shares of US Concrete by 1,706.1% in the second quarter. Advisory Services Network LLC now owns 2,059 shares of the construction company’s stock worth $105,000 after purchasing an additional 1,945 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of US Concrete in the second quarter worth approximately $154,000. GSA Capital Partners LLP bought a new position in shares of US Concrete in the first quarter worth approximately $205,000. SG Americas Securities LLC bought a new position in shares of US Concrete in the second quarter worth approximately $181,000. Finally, Metlife Inc. bought a new position in shares of US Concrete in the first quarter worth approximately $243,000.

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 and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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