Mutual of America Capital Management LLC lifted its holdings in U S Concrete, Inc. (NASDAQ:USCR) by 51.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,203 shares of the construction company’s stock after acquiring an additional 31,744 shares during the period. Mutual of America Capital Management LLC owned approximately 0.59% of U S Concrete worth $7,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in USCR. Ameritas Investment Partners Inc. grew its stake in shares of U S Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after acquiring an additional 177 shares in the last quarter. Crow Point Partners LLC acquired a new position in shares of U S Concrete in the second quarter valued at about $147,000. Pinebridge Investments L.P. grew its stake in shares of U S Concrete by 2.8% in the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after acquiring an additional 53 shares in the last quarter. First Mercantile Trust Co. acquired a new position in shares of U S Concrete in the second quarter valued at about $196,000. Finally, Municipal Employees Retirement System of Michigan grew its stake 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 valued at $210,000 after acquiring an additional 70 shares in the last quarter.

In related news, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the sale, the chief executive officer now owns 412,091 shares of the company’s stock, valued at approximately $31,236,497.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the sale, the vice president now directly owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The disclosure for this sale can be found here. In the last three months, insiders sold 14,561 shares of company stock valued at $1,110,748. 5.90% of the stock is currently owned by insiders.

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USCR has been the topic of several research reports. BidaskClub downgraded shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of U S Concrete from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine upgraded shares of U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup Inc. upped their price target on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $89.00.

U S Concrete, Inc. (NASDAQ:USCR) traded up 1.35% during trading on Friday, hitting $79.05. 222,309 shares of the company traded hands. The company has a market capitalization of $1.24 billion, a P/E ratio of 50.10 and a beta of 1.21. The stock has a 50 day moving average price of $76.04 and a 200 day moving average price of $72.91. U S Concrete, Inc. has a 12-month low of $45.05 and a 12-month high of $83.85.

U S Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 earnings per share 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 company had revenue of $340.90 million during the quarter, compared to analyst estimates of $342.60 million. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities analysts anticipate that U S Concrete, Inc. will post $3.88 earnings per share for the current year.

U S Concrete Profile

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

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