US Concrete (USCR) Stock Rating Upgraded by BidaskClub
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.
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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