Paloma Partners Management Co purchased a new position in shares of U S Concrete, Inc. (NASDAQ:USCR) during the first quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,462 shares of the construction company’s stock, valued at approximately $740,000. Paloma Partners Management Co owned 0.07% of U S Concrete as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in USCR. State of Alaska Department of Revenue increased its position in shares of U S Concrete by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,610 shares of the construction company’s stock worth $103,000 after buying an additional 80 shares during the last quarter. Dubuque Bank & Trust Co. acquired a new position in shares of U S Concrete during the first quarter worth approximately $168,000. Municipal Employees Retirement System of Michigan increased its position in shares of U S Concrete by 2.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,250 shares of the construction company’s stock worth $210,000 after buying an additional 70 shares during the last quarter. Edmond DE Rothschild Holding S.A. acquired a new position in shares of U S Concrete during the first quarter worth approximately $213,000. Finally, Mason Street Advisors LLC increased its position in shares of U S Concrete by 10.1% in the first quarter. Mason Street Advisors LLC now owns 3,421 shares of the construction company’s stock worth $221,000 after buying an additional 315 shares during the last quarter.

Shares of U S Concrete, Inc. (NASDAQ:USCR) traded up 0.90% during mid-day trading on Tuesday, reaching $78.50. 557,977 shares of the company’s stock traded hands. The stock has a market capitalization of $1.22 billion, a PE ratio of 50.42 and a beta of 1.22. U S Concrete, Inc. has a 12-month low of $42.82 and a 12-month high of $80.45. The company’s 50-day moving average price is $77.56 and its 200-day moving average price is $68.62.

U S Concrete (NASDAQ:USCR) last posted its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.09. U S Concrete had a net margin of 2.11% and a return on equity of 24.23%. The business had revenue of $340.90 million during the quarter, compared to analysts’ expectations of $342.60 million. During the same quarter in the prior year, the company posted $0.54 EPS. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. Analysts anticipate that U S Concrete, Inc. will post $3.84 earnings per share for the current year.

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A number of brokerages recently commented on USCR. Zacks Investment Research downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Finally, TheStreet raised shares of U S Concrete from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. U S Concrete presently has a consensus rating of “Buy” and a consensus price target of $78.00.

In other news, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $68.08, for a total value of $442,520.00. Following the completion of the sale, the chief executive officer now owns 438,617 shares of the company’s stock, valued at approximately $29,861,045.36. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey W. Roberts sold 2,394 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $68.00, for a total transaction of $162,792.00. Following the completion of the sale, the vice president now directly owns 34,422 shares of the company’s stock, valued at approximately $2,340,696. The disclosure for this sale can be found here. In the last three months, insiders sold 23,294 shares of company stock valued at $1,719,658. Corporate insiders own 5.90% of the company’s stock.

About U S 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.

Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

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