U.S. Concrete Inc. (NASDAQ:USCR) has been assigned an average rating of “Buy” from the eight research firms that are covering the stock. One analyst has rated the stock with a sell rating and seven have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $79.00.

A number of equities research analysts have commented on the company. SunTrust Banks Inc. assumed coverage on U.S. Concrete in a report on Monday, August 8th. They issued a “buy” rating and a $75.00 target price for the company. Zacks Investment Research downgraded U.S. Concrete from a “hold” rating to a “sell” rating in a report on Wednesday, October 12th. Finally, DA Davidson set a $80.00 price target on U.S. Concrete and gave the company a “buy” rating in a research report on Thursday, October 6th.

U.S. Concrete (NASDAQ:USCR) opened at 61.10 on Tuesday. The firm has a market cap of $930.06 million, a PE ratio of 49.88 and a beta of 1.40. The firm has a 50-day moving average of $51.22 and a 200-day moving average of $56.36. U.S. Concrete has a 52-week low of $40.42 and a 52-week high of $69.66.

U.S. Concrete (NASDAQ:USCR) last released its earnings results on Thursday, November 3rd. The company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by $0.12. U.S. Concrete had a net margin of 4.41% and a return on equity of 27.73%. The business earned $328.60 million during the quarter, compared to analyst estimates of $338.65 million. During the same period last year, the business posted $1.97 EPS. U.S. Concrete’s revenue was up 11.4% compared to the same quarter last year. Equities analysts anticipate that U.S. Concrete will post $2.79 EPS for the current year.

In related news, CEO William J. Sandbrook sold 6,500 shares of U.S. Concrete stock in a transaction dated Wednesday, October 26th. The stock was sold at an average price of $49.05, for a total transaction of $318,825.00. Following the completion of the sale, the chief executive officer now owns 487,405 shares in the company, valued at approximately $23,907,215.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 6.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the company. Copper Rock Capital Partners LLC boosted its stake 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 valued at $25,073,000 after buying an additional 129,199 shares during the period. Cortina Asset Management LLC boosted its stake in U.S. Concrete by 21.2% in the second quarter. Cortina Asset Management LLC now owns 401,355 shares of the company’s stock valued at $24,447,000 after buying an additional 70,337 shares during the period. Kornitzer Capital Management Inc. KS acquired a new stake in U.S. Concrete during the second quarter valued at approximately $10,457,000. Columbus Circle Investors boosted its stake in U.S. Concrete by 14.6% in the second quarter. Columbus Circle Investors now owns 212,985 shares of the company’s stock valued at $12,973,000 after buying an additional 27,190 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in U.S. Concrete during the second quarter valued at approximately $632,000. Hedge funds and other institutional investors own 98.09% of the company’s stock.

WARNING: This piece of content was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2016/11/25/analysts-set-u-s-concrete-inc-uscr-price-target-at-79-00.html.

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.

5 Day Chart for NASDAQ:USCR

Receive News & Stock Ratings for U.S. Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Concrete Inc. and related stocks with our FREE daily email newsletter.