US Concrete (USCR) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of US Concrete (NASDAQ:USCR) from a hold rating to a sell rating in a research note released on Thursday.

USCR has been the subject of a number of other research reports. ValuEngine downgraded US Concrete from a buy rating to a hold rating in a research report on Monday, October 2nd. Stifel Nicolaus reaffirmed a buy rating and issued a $98.00 price objective on shares of US Concrete in a research report on Thursday, September 28th. Zacks Investment Research downgraded US Concrete from a hold rating to a sell rating in a research report on Saturday, November 4th. Finally, DA Davidson reaffirmed a buy rating on shares of US Concrete in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $89.00.

US Concrete (NASDAQ USCR) traded up $0.65 during trading on Thursday, reaching $78.90. The company’s stock had a trading volume of 222,600 shares, compared to its average volume of 245,679. 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 capitalization of $1,302.81, a P/E ratio of 111.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. US Concrete has a one year low of $57.95 and a one year high of $86.35.

US Concrete (NASDAQ:USCR) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.47). The company had revenue of $354.60 million for the quarter, compared to analysts’ expectations of $364.16 million. US Concrete had a return on equity of 22.33% and a net margin of 0.99%. The business’s quarterly revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.19 EPS. research analysts anticipate that US Concrete will post 3.09 earnings per share for the current fiscal year.

In other US Concrete news, CEO William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $82.91, for a total transaction of $746,190.00. Following the completion of the sale, the chief executive officer now owns 410,611 shares of the company’s stock, valued at $34,043,758.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Ronnie A. Pruitt sold 500 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $80.20, for a total value of $40,100.00. Following the sale, the chief operating officer now directly owns 18,156 shares of the company’s stock, valued at approximately $1,456,111.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,634 shares of company stock valued at $6,253,144. Company insiders own 5.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in US Concrete by 4.9% during the second quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock valued at $143,428,000 after acquiring an additional 85,391 shares during the period. Bank of New York Mellon Corp grew its position in US Concrete by 3.1% during the third quarter. Bank of New York Mellon Corp now owns 930,728 shares of the construction company’s stock valued at $71,015,000 after acquiring an additional 27,548 shares during the period. Vanguard Group Inc. grew its position in US Concrete by 1.8% during the second quarter. Vanguard Group Inc. now owns 793,426 shares of the construction company’s stock valued at $62,323,000 after acquiring an additional 13,675 shares during the period. Dimensional Fund Advisors LP grew its position in US Concrete by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 565,727 shares of the construction company’s stock valued at $43,165,000 after acquiring an additional 10,227 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in US Concrete during the second quarter valued at about $44,346,000.

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US 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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