US Concrete Inc (NASDAQ:USCR) VP Matthew Emmert Sells 1,699 Shares

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US Concrete Inc (NASDAQ:USCR) VP Matthew Emmert sold 1,699 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $47.55, for a total value of $80,787.45. Following the sale, the vice president now owns 2,460 shares of the company’s stock, valued at approximately $116,973. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USCR stock traded up $0.93 during trading on Thursday, hitting $47.60. 2,159 shares of the company’s stock were exchanged, compared to its average volume of 208,281. The business has a 50-day moving average price of $44.28 and a two-hundred day moving average price of $45.66. The stock has a market capitalization of $775.02 million, a price-to-earnings ratio of 24.70 and a beta of 1.29. US Concrete Inc has a 52-week low of $27.68 and a 52-week high of $54.95. The company has a current ratio of 1.29, a quick ratio of 1.09 and a debt-to-equity ratio of 2.16.

US Concrete (NASDAQ:USCR) last posted its earnings results on Friday, August 9th. The construction company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.62). The business had revenue of $367.50 million for the quarter, compared to analysts’ expectations of $408.18 million. US Concrete had a return on equity of 3.05% and a net margin of 1.06%. US Concrete’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, equities research analysts anticipate that US Concrete Inc will post 1.89 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Clearbridge Investments LLC lifted its stake in US Concrete by 3.4% in the first quarter. Clearbridge Investments LLC now owns 267,590 shares of the construction company’s stock valued at $11,084,000 after buying an additional 8,820 shares during the last quarter. EULAV Asset Management lifted its stake in US Concrete by 27.8% in the second quarter. EULAV Asset Management now owns 37,200 shares of the construction company’s stock valued at $1,848,000 after buying an additional 8,100 shares during the last quarter. Red Cedar Management LP lifted its stake in US Concrete by 29.4% in the first quarter. Red Cedar Management LP now owns 220,000 shares of the construction company’s stock valued at $9,112,000 after buying an additional 50,000 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in US Concrete in the first quarter valued at approximately $225,000. Finally, Dimensional Fund Advisors LP lifted its stake in US Concrete by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 722,804 shares of the construction company’s stock valued at $25,500,000 after buying an additional 26,172 shares during the last quarter. Institutional investors own 97.43% of the company’s stock.

Several research firms recently weighed in on USCR. ValuEngine upgraded US Concrete from a “buy” rating to a “strong-buy” rating in a research note on Monday. Zacks Investment Research restated a “sell” rating on shares of US Concrete in a research note on Saturday, July 27th. Stifel Nicolaus cut US Concrete from a “buy” rating to a “hold” rating and boosted their target price for the stock from $51.00 to $53.00 in a research note on Thursday, July 18th. Finally, BidaskClub cut US Concrete from a “buy” rating to a “hold” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. US Concrete has a consensus rating of “Buy” and an average target price of $54.60.

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, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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