Insider Selling: U S Concrete, Inc. (USCR) VP Sells $15,230.00 in Stock
U S Concrete, Inc. (NASDAQ:USCR) VP David Andrew Behring sold 200 shares of U S Concrete stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $76.15, for a total transaction of $15,230.00. Following the completion of the sale, the vice president now owns 10,404 shares of the company’s stock, valued at approximately $792,264.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
David Andrew Behring also recently made the following trade(s):
- On Friday, September 1st, David Andrew Behring sold 361 shares of U S Concrete stock. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16.
- On Tuesday, August 1st, David Andrew Behring sold 200 shares of U S Concrete stock. The stock was sold at an average price of $78.55, for a total transaction of $15,710.00.
U S Concrete, Inc. (NASDAQ USCR) traded down 0.738% during trading on Friday, hitting $77.375. 82,829 shares of the stock traded hands. The company has a 50-day moving average price of $75.53 and a 200 day moving average price of $71.87. U S Concrete, Inc. has a one year low of $45.05 and a one year high of $83.85. The stock has a market cap of $1.22 billion, a PE ratio of 49.034 and a beta of 1.21.
U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.09. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm had revenue of $340.90 million during the quarter, compared to analyst estimates of $342.60 million. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts expect that U S Concrete, Inc. will post $3.89 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Mesirow Financial Investment Management Inc. acquired a new position in U S Concrete during the second quarter worth $582,000. WINTON GROUP Ltd acquired a new position in U S Concrete during the second quarter worth $950,000. Piedmont Investment Advisors LLC acquired a new position in U S Concrete during the second quarter worth $253,000. Ameritas Investment Partners Inc. raised its stake in U S Concrete by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after acquiring an additional 177 shares in the last quarter. Finally, Argent Capital Management LLC raised its stake in U S Concrete by 91.0% during the second quarter. Argent Capital Management LLC now owns 30,275 shares of the construction company’s stock worth $2,378,000 after acquiring an additional 14,425 shares in the last quarter.
USCR has been the subject of a number of research analyst reports. ValuEngine upgraded shares of U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of U S Concrete from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 target price on shares of U S Concrete in a research note on Thursday, September 28th. Zacks Investment Research lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Citigroup Inc. boosted their target price on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $89.00.
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.
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