US Concrete Inc (USCR) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in shares of US Concrete Inc (NASDAQ:USCR) by 80.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,742 shares of the construction company’s stock after purchasing an additional 2,552 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in US Concrete were worth $480,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Ameritas Investment Partners Inc. increased its position in shares of US Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after purchasing an additional 177 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of US Concrete by 2.9% during the 2nd 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 during the last quarter. American International Group Inc. increased its position in shares of US Concrete by 6.0% during the 3rd quarter. American International Group Inc. now owns 12,041 shares of the construction company’s stock valued at $919,000 after purchasing an additional 678 shares during the last quarter. Voya Investment Management LLC increased its position in shares of US Concrete by 10.4% during the 2nd quarter. Voya Investment Management LLC now owns 7,324 shares of the construction company’s stock valued at $575,000 after purchasing an additional 689 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of US Concrete by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the construction company’s stock valued at $923,000 after purchasing an additional 786 shares during the last quarter.

In related news, CEO William J. Sandbrook sold 9,000 shares of US Concrete stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $82.91, for a total value 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 approximately $34,043,758.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Ronnie A. Pruitt sold 500 shares of US Concrete stock in a transaction dated Friday, December 22nd. The stock was sold at an average price of $80.20, for a total value of $40,100.00. Following the completion of 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 three months, insiders sold 86,264 shares of company stock valued at $7,046,356. 5.90% of the stock is currently owned by insiders.

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

Shares of US Concrete Inc (NASDAQ:USCR) opened at $75.25 on Thursday. US Concrete Inc has a twelve month low of $57.95 and a twelve month high of $86.35. The firm has a market capitalization of $1,250.00, a PE ratio of 100.33, a P/E/G ratio of 1.58 and a beta of 0.95. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35.

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About US Concrete

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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