Insider Selling: U.S. Concrete Inc. (USCR) Director Sells $11,700.00 in Stock
U.S. Concrete Inc. (NASDAQ:USCR) Director Colin Mcgill Sutherland sold 200 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $58.50, for a total value of $11,700.00. Following the completion of the transaction, the director now directly owns 11,082 shares of the company’s stock, valued at $648,297. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Colin Mcgill Sutherland also recently made the following trade(s):
- On Wednesday, October 12th, Colin Mcgill Sutherland sold 200 shares of U.S. Concrete stock. The shares were sold at an average price of $48.22, for a total value of $9,644.00.
- On Monday, September 12th, Colin Mcgill Sutherland sold 200 shares of U.S. Concrete stock. The shares were sold at an average price of $48.99, for a total value of $9,798.00.
U.S. Concrete Inc. (NASDAQ:USCR) traded down 0.53% during mid-day trading on Friday, reaching $56.65. The company’s stock had a trading volume of 46,915 shares. The firm has a 50 day moving average price of $49.73 and a 200-day moving average price of $56.56. U.S. Concrete Inc. has a 1-year low of $40.42 and a 1-year high of $69.66. The company has a market capitalization of $862.33 million, a PE ratio of 46.24 and a beta of 1.40.
U.S. Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.12. The firm earned $328.60 million during the quarter, compared to the consensus estimate of $338.65 million. U.S. Concrete had a net margin of 4.41% and a return on equity of 27.73%. The firm’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.97 earnings per share. On average, equities analysts predict that U.S. Concrete Inc. will post $2.79 EPS for the current fiscal year.
USCR has been the subject of a number of research reports. Zacks Investment Research cut U.S. Concrete from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. SunTrust Banks Inc. initiated coverage on U.S. Concrete in a research note on Monday, August 8th. They set a “buy” rating and a $75.00 price target for the company. Finally, DA Davidson set a $80.00 price target on U.S. Concrete and gave the stock a “buy” rating in a research note on Thursday, October 6th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. U.S. Concrete presently has a consensus rating of “Buy” and a consensus target price of $77.83.
A number of hedge funds and other institutional investors have recently made changes to their positions in USCR. BlackRock Fund Advisors increased its position in U.S. Concrete by 10.1% in the third quarter. BlackRock Fund Advisors now owns 972,204 shares of the company’s stock worth $44,785,000 after buying an additional 89,553 shares during the period. Vanguard Group Inc. increased its position in U.S. Concrete by 6.0% in the second quarter. Vanguard Group Inc. now owns 892,377 shares of the company’s stock worth $54,355,000 after buying an additional 50,600 shares during the period. Scopus Asset Management L.P. bought a new position in U.S. Concrete during the third quarter worth $34,492,000. Copper Rock Capital Partners LLC increased its position in U.S. Concrete by 31.3% in the third quarter. Copper Rock Capital Partners LLC now owns 541,878 shares of the company’s stock worth $25,073,000 after buying an additional 129,199 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in U.S. Concrete by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 541,498 shares of the company’s stock worth $32,982,000 after buying an additional 60,416 shares during the period. Hedge funds and other institutional investors own 98.09% of the company’s stock.
About U.S. Concrete
U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. 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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