US Concrete Inc (USCR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. raised its stake in shares of US Concrete Inc (NASDAQ:USCR) by 93.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,114 shares of the construction company’s stock after buying an additional 3,913 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in US Concrete were worth $679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nationwide Fund Advisors grew its holdings in shares of US Concrete by 2.9% in the second quarter. Nationwide Fund Advisors now owns 8,649 shares of the construction company’s stock valued at $679,000 after purchasing an additional 240 shares in the last quarter. Northern Trust Corp grew its holdings in shares of US Concrete by 4.3% in the second quarter. Northern Trust Corp now owns 203,134 shares of the construction company’s stock valued at $15,956,000 after purchasing an additional 8,463 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of US Concrete by 1.8% in the second 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. California Public Employees Retirement System grew its holdings in shares of US Concrete by 4.7% in the second quarter. California Public Employees Retirement System now owns 20,000 shares of the construction company’s stock valued at $1,571,000 after purchasing an additional 900 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of US Concrete by 0.6% in the second 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.

A number of research analysts recently weighed in on USCR shares. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. ValuEngine lowered shares of US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. DA Davidson reissued a “buy” rating on shares of US Concrete in a report on Monday, December 4th. Finally, BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $89.25.

In related news, Director Colin Mcgill Sutherland sold 1,400 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.28, for a total value of $116,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William J. Sandbrook sold 9,000 shares of the firm’s stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $82.38, for a total value of $741,420.00. Following the completion of the sale, the insider now owns 423,710 shares of the company’s stock, valued at $34,905,229.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,264 shares of company stock valued at $7,046,356. 5.90% of the stock is owned by corporate insiders.

Shares of US Concrete Inc (NASDAQ USCR) opened at $75.70 on Wednesday. The stock has a market capitalization of $1,270.00, a price-to-earnings ratio of 100.93, a P/E/G ratio of 1.58 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.

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

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