Tranquility Partners LLC Buys Shares of 5,468 US Concrete Inc (NASDAQ:USCR)

Tranquility Partners LLC bought a new stake in US Concrete Inc (NASDAQ:USCR) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,468 shares of the construction company’s stock, valued at approximately $272,000.

A number of other large investors have also bought and sold shares of the business. BlackRock Inc. grew its stake in shares of US Concrete by 1.1% in the second quarter. BlackRock Inc. now owns 2,329,667 shares of the construction company’s stock valued at $115,761,000 after buying an additional 26,048 shares in the last quarter. Dimensional Fund Advisors LP raised its position in US Concrete by 3.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 722,804 shares of the construction company’s stock valued at $25,500,000 after purchasing an additional 26,172 shares in the last quarter. Rothschild & Co. Asset Management US Inc. boosted its stake in shares of US Concrete by 8.4% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 419,936 shares of the construction company’s stock valued at $20,867,000 after buying an additional 32,568 shares during the period. Investment Counselors of Maryland LLC boosted its stake in shares of US Concrete by 0.8% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 382,992 shares of the construction company’s stock valued at $19,031,000 after buying an additional 3,123 shares during the period. Finally, Clearbridge Investments LLC grew its position in shares of US Concrete by 3.4% during the first quarter. Clearbridge Investments LLC now owns 267,590 shares of the construction company’s stock worth $11,084,000 after buying an additional 8,820 shares in the last quarter. Institutional investors own 97.75% of the company’s stock.

In other news, VP Herbert A. Burton sold 1,268 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $47.69, for a total value of $60,470.92. Following the completion of the sale, the vice president now directly owns 5,681 shares of the company’s stock, valued at approximately $270,926.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,018 shares of company stock valued at $95,581 over the last three months. Company insiders own 4.70% of the company’s stock.

NASDAQ USCR traded up $0.34 during trading on Friday, reaching $47.68. 112,588 shares of the company’s stock were exchanged, compared to its average volume of 209,511. US Concrete Inc has a 1 year low of $27.68 and a 1 year high of $54.95. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.09 and a current ratio of 1.29. The stock has a market cap of $788.67 million, a P/E ratio of 24.70 and a beta of 1.29. The company has a 50 day moving average price of $44.45 and a two-hundred day moving average price of $45.51.

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 Thomson Reuters’ consensus estimate of $0.85 by ($0.62). US Concrete had a net margin of 1.06% and a return on equity of 3.05%. The firm had revenue of $367.50 million during the quarter, compared to analysts’ expectations of $408.18 million. During the same period in the previous year, the firm posted $1.08 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts forecast that US Concrete Inc will post 2.31 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus lowered shares of US Concrete from a “buy” rating to a “hold” rating and raised their price objective for the company from $51.00 to $53.00 in a report on Thursday, July 18th. BidaskClub downgraded US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, June 13th. Zacks Investment Research reaffirmed a “sell” rating on shares of US Concrete in a report on Saturday, July 27th. Finally, ValuEngine downgraded US Concrete from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $54.60.

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

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