US Concrete Inc (USCR) Director Colin Mcgill Sutherland Sells 250 Shares

US Concrete Inc (NASDAQ:USCR) Director Colin Mcgill Sutherland sold 250 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $42.53, for a total transaction of $10,632.50. Following the completion of the sale, the director now directly owns 12,306 shares in the company, valued at $523,374.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Colin Mcgill Sutherland also recently made the following trade(s):

  • On Tuesday, February 19th, Colin Mcgill Sutherland sold 250 shares of US Concrete stock. The shares were sold at an average price of $39.02, for a total transaction of $9,755.00.
  • On Tuesday, January 22nd, Colin Mcgill Sutherland sold 250 shares of US Concrete stock. The shares were sold at an average price of $36.66, for a total transaction of $9,165.00.

Shares of US Concrete stock traded up $1.02 during trading on Thursday, hitting $43.75. 310,518 shares of the stock were exchanged, compared to its average volume of 329,024. The firm has a market capitalization of $711.98 million, a P/E ratio of 22.67, a P/E/G ratio of 1.53 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.08 and a current ratio of 1.28. US Concrete Inc has a 12 month low of $27.68 and a 12 month high of $65.85.

US Concrete (NASDAQ:USCR) last released its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $370.10 million for the quarter, compared to the consensus estimate of $378.31 million. US Concrete had a return on equity of 9.79% and a net margin of 1.99%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. As a group, sell-side analysts forecast that US Concrete Inc will post 2.79 earnings per share for the current year.

USCR has been the subject of several recent research reports. BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. ValuEngine upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. DA Davidson lowered their target price on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, January 2nd. SunTrust Banks lowered their target price on shares of US Concrete to $47.00 and set a “buy” rating for the company in a research note on Wednesday, November 21st. Finally, Citigroup lowered their target price on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating for the company in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $64.51.

Several institutional investors have recently added to or reduced their stakes in the company. Brinker Capital Inc. grew its position in shares of US Concrete by 3.1% during the fourth quarter. Brinker Capital Inc. now owns 11,435 shares of the construction company’s stock worth $403,000 after acquiring an additional 347 shares during the last quarter. Texas Permanent School Fund grew its position in shares of US Concrete by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 10,456 shares of the construction company’s stock worth $369,000 after acquiring an additional 403 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of US Concrete by 82.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock worth $40,000 after acquiring an additional 512 shares during the last quarter. Coe Capital Management LLC grew its position in shares of US Concrete by 4.5% during the third quarter. Coe Capital Management LLC now owns 12,965 shares of the construction company’s stock worth $594,000 after acquiring an additional 555 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of US Concrete during the fourth quarter worth about $26,000. Institutional investors and hedge funds own 99.51% of the company’s stock.

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US Concrete Company 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.

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