Aviance Capital Management LLC Buys Shares of 2,640 US Concrete Inc (USCR)

Aviance Capital Management LLC bought a new position in US Concrete Inc (NASDAQ:USCR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,640 shares of the construction company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. raised its holdings in US Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after buying an additional 177 shares during the period. LS Investment Advisors LLC raised its holdings in US Concrete by 293.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,065 shares of the construction company’s stock valued at $173,000 after buying an additional 1,540 shares during the period. Aperio Group LLC purchased a new position in US Concrete in the third quarter valued at approximately $210,000. Commonwealth Equity Services Inc purchased a new position in US Concrete in the third quarter valued at approximately $217,000. Finally, Steward Partners Investment Advisory LLC purchased a new position in US Concrete in the fourth quarter valued at approximately $242,000.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of US Concrete from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Thursday. BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. ValuEngine lowered shares of US Concrete from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, DA Davidson restated a “buy” rating on shares of US Concrete in a report on Monday, December 4th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $89.25.

In other news, EVP Niel L. Poulsen sold 20,644 shares of US Concrete stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.42, for a total transaction of $1,660,190.48. Following the sale, the executive vice president now owns 16,665 shares in the company, valued at $1,340,199.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William J. Sandbrook sold 9,000 shares of US Concrete stock in a transaction that occurred on Thursday, December 28th. The shares were sold at an average price of $82.91, for a total transaction of $746,190.00. The disclosure for this sale can be found here. Insiders have sold 86,264 shares of company stock worth $7,046,356 in the last quarter. Insiders own 5.90% of the company’s stock.

US Concrete Inc (USCR) opened at $78.00 on Friday. US Concrete Inc has a 1-year low of $57.95 and a 1-year high of $86.35. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market cap of $1,304.48, a P/E ratio of 109.86, a P/E/G ratio of 1.58 and a beta of 0.95.

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US Concrete Profile

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

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