Allianz Asset Management GmbH lessened its position in US Concrete Inc (NASDAQ:USCR) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,933 shares of the construction company’s stock after selling 1,358 shares during the period. Allianz Asset Management GmbH owned about 0.43% of US Concrete worth $4,405,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of USCR. Schwab Charles Investment Management Inc. raised its position in shares of US Concrete by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 73,115 shares of the construction company’s stock valued at $6,117,000 after buying an additional 2,998 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in US Concrete during the fourth quarter worth approximately $433,000. California Public Employees Retirement System increased its position in US Concrete by 3.3% during the fourth quarter. California Public Employees Retirement System now owns 21,877 shares of the construction company’s stock worth $1,830,000 after purchasing an additional 700 shares during the last quarter. Swiss National Bank increased its position in US Concrete by 4.5% during the fourth quarter. Swiss National Bank now owns 25,700 shares of the construction company’s stock worth $2,150,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sei Investments Co. increased its position in US Concrete by 10.8% during the fourth quarter. Sei Investments Co. now owns 116,247 shares of the construction company’s stock worth $9,725,000 after purchasing an additional 11,374 shares during the last quarter.
Shares of US Concrete opened at $58.85 on Monday, Marketbeat reports. US Concrete Inc has a one year low of $53.30 and a one year high of $86.35. The company has a quick ratio of 1.23, a current ratio of 1.44 and a debt-to-equity ratio of 2.44. The company has a market cap of $999.17 million, a P/E ratio of 21.72, a P/E/G ratio of 1.36 and a beta of 0.95.
US Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Monday, April 30th. The construction company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.29). US Concrete had a return on equity of 13.63% and a net margin of 1.08%. The company had revenue of $327.80 million for the quarter, compared to analyst estimates of $321.14 million. During the same period last year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. research analysts anticipate that US Concrete Inc will post 4.36 EPS for the current year.
In other US Concrete news, Chairman William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The shares were sold at an average price of $57.92, for a total transaction of $521,280.00. Following the completion of the sale, the chairman now directly owns 407,612 shares in the company, valued at $23,608,887.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Ronnie A. Pruitt sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $65.00, for a total transaction of $97,500.00. Following the sale, the chief operating officer now owns 25,261 shares of the company’s stock, valued at $1,641,965. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,890 shares of company stock valued at $1,170,634. 5.30% of the stock is owned by insiders.
Several equities analysts recently commented on the stock. BidaskClub lowered shares of US Concrete from a “sell” rating to a “strong sell” rating in a research report on Saturday. ValuEngine raised shares of US Concrete from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 2nd. DA Davidson set a $95.00 price target on shares of US Concrete and gave the stock a “buy” rating in a research report on Sunday, May 20th. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a research report on Thursday, May 3rd. Finally, Stifel Nicolaus dropped their price target on shares of US Concrete from $88.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, May 1st. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. US Concrete presently has an average rating of “Hold” and a consensus target price of $87.20.
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 and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.
Receive News & Ratings for US Concrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Concrete and related companies with MarketBeat.com's FREE daily email newsletter.