U S Concrete, Inc. (USCR) EVP Niel L. Poulsen Sells 20,644 Shares

U S Concrete, Inc. (NASDAQ:USCR) EVP Niel L. Poulsen sold 20,644 shares of the 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 transaction, the executive vice president now directly owns 16,665 shares of the company’s stock, valued at $1,340,199.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

U S Concrete, Inc. (USCR) traded up $0.10 during midday trading on Wednesday, reaching $83.45. 419,300 shares of the company’s stock traded hands, compared to its average volume of 329,290. U S Concrete, Inc. has a fifty-two week low of $57.95 and a fifty-two week high of $84.60. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35. The stock has a market cap of $1,387.72, a PE ratio of 28.06, a PEG ratio of 2.68 and a beta of 1.31.

U S Concrete (NASDAQ:USCR) last posted its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. The firm had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $364.16 million. During the same quarter in the prior year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. analysts forecast that U S Concrete, Inc. will post 3.11 EPS for the current fiscal year.

A number of research firms have recently weighed in on USCR. BidaskClub raised shares of U S Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup upped their price target 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 upgraded shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, August 15th. DA Davidson restated a “buy” rating on shares of U S Concrete in a research note on Monday. Finally, ValuEngine cut shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $89.00.

Several institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. raised its position in shares of U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after buying an additional 53 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of U S Concrete by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock valued at $352,000 after buying an additional 66 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of U S Concrete by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the construction company’s stock valued at $310,000 after buying an additional 77 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of U S Concrete by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock valued at $479,000 after buying an additional 100 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its position in shares of U S Concrete by 1.9% during the 2nd quarter. Greenwood Capital Associates LLC now owns 6,066 shares of the construction company’s stock valued at $476,000 after buying an additional 114 shares in the last quarter.

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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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