US Concrete Inc (NASDAQ:USCR) VP David Andrew Behring sold 200 shares of US Concrete stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $78.00, for a total transaction of $15,600.00. Following the transaction, the vice president now directly owns 9,604 shares of the company’s stock, valued at $749,112. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
David Andrew Behring also recently made the following trade(s):
- On Friday, December 1st, David Andrew Behring sold 200 shares of US Concrete stock. The shares were sold at an average price of $80.55, for a total transaction of $16,110.00.
Shares of US Concrete Inc (NASDAQ USCR) opened at $78.00 on Friday. The stock has a market cap of $1,298.62, a PE ratio of 26.26, a PEG ratio of 1.75 and a beta of 0.95. US Concrete Inc has a 52-week low of $57.95 and a 52-week high of $86.35. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12.
US Concrete (NASDAQ:USCR) last announced its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (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 the consensus estimate of $364.16 million. US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. sell-side analysts forecast that US Concrete Inc will post 3.09 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of USCR. Janus Henderson Group PLC bought a new stake in US Concrete during the second quarter worth about $44,346,000. Point72 Asset Management L.P. lifted its position in US Concrete by 163.0% during the third quarter. Point72 Asset Management L.P. now owns 532,742 shares of the construction company’s stock worth $40,648,000 after purchasing an additional 330,177 shares during the period. Victory Capital Management Inc. lifted its position in US Concrete by 495.6% during the third quarter. Victory Capital Management Inc. now owns 379,520 shares of the construction company’s stock worth $28,958,000 after purchasing an additional 315,796 shares during the period. Macquarie Group Ltd. lifted its position in US Concrete by 131.8% during the third quarter. Macquarie Group Ltd. now owns 284,450 shares of the construction company’s stock worth $21,704,000 after purchasing an additional 161,759 shares during the period. Finally, Systematic Financial Management LP lifted its position in US Concrete by 59.1% during the third quarter. Systematic Financial Management LP now owns 315,063 shares of the construction company’s stock worth $24,039,000 after purchasing an additional 117,046 shares during the period.
A number of equities research analysts have recently issued reports on USCR shares. DA Davidson reissued a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Zacks Investment Research cut shares of US Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of US Concrete from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised shares of US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $89.00.
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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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