U S Concrete, Inc. (USCR) CAO Kevin Kohutek Sells 250 Shares

U S Concrete, Inc. (NASDAQ:USCR) CAO Kevin Kohutek sold 250 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $77.00, for a total transaction of $19,250.00. Following the transaction, the chief accounting officer now directly owns 9,642 shares in the company, valued at approximately $742,434. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin Kohutek also recently made the following trade(s):

  • On Friday, September 1st, Kevin Kohutek sold 250 shares of U S Concrete stock. The shares were sold at an average price of $80.40, for a total transaction of $20,100.00.

Shares of U S Concrete, Inc. (NASDAQ USCR) traded up $0.70 during mid-day trading on Friday, hitting $78.15. 764,146 shares of the stock were exchanged, compared to its average volume of 208,793. The company has a current ratio of 1.95, a quick ratio of 1.79 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1,237.91, a PE ratio of 24.48, a P/E/G ratio of 2.20 and a beta of 1.32.

U S Concrete (NASDAQ:USCR) last issued its earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). The business had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $364.16 million. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 EPS. analysts forecast that U S Concrete, Inc. will post 3.51 earnings per share for the current year.

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USCR has been the topic of a number of research reports. BidaskClub downgraded shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Citigroup Inc. raised their target price on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Tuesday, August 15th. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 target price on shares of U S Concrete in a research note on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in U S Concrete by 4.9% during the 2nd quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock valued at $143,428,000 after purchasing an additional 85,391 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in U S Concrete by 34.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 903,180 shares of the construction company’s stock valued at $70,945,000 after purchasing an additional 231,798 shares in the last quarter. Vanguard Group Inc. grew its holdings in U S Concrete by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 793,426 shares of the construction company’s stock valued at $62,323,000 after purchasing an additional 13,675 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in U S Concrete during the 2nd quarter valued at $44,346,000. Finally, Dimensional Fund Advisors LP grew its holdings in U S Concrete by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 555,500 shares of the construction company’s stock valued at $43,635,000 after purchasing an additional 3,457 shares in the last quarter.

U S Concrete Company 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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