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.
WARNING: “U S Concrete, Inc. (USCR) CAO Kevin Kohutek Sells 250 Shares” was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.com-unik.info/2017/11/03/u-s-concrete-inc-uscr-cao-kevin-kohutek-sells-250-shares.html.
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.
What are top analysts saying about U S Concrete Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for U S Concrete Inc. and related companies.