Zacks Investment Research lowered shares of U S Concrete, Inc. (NASDAQ:USCR) from a hold rating to a sell rating in a research note issued to investors on Saturday.

According to Zacks, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA. “

A number of other research firms also recently weighed in on USCR. ValuEngine raised shares of U S Concrete from a hold rating to a buy rating in a research report on Friday, September 1st. Citigroup Inc. lifted their price objective on shares of U S Concrete to $92.00 and gave the company a buy rating in a research report on Wednesday, August 9th. BidaskClub downgraded shares of U S Concrete from a buy rating to a hold rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a buy rating and issued a $98.00 price objective on shares of U S Concrete in a research report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $89.00.

U S Concrete (NASDAQ:USCR) opened at $78.15 on Friday. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 26.31, a P/E/G ratio of 2.23 and a beta of 1.32. U S Concrete has a 12-month low of $47.90 and a 12-month high of $83.85. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12.

U S Concrete (NASDAQ:USCR) last released its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The business had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the business posted $1.19 EPS. equities analysts forecast that U S Concrete will post 3.51 EPS for the current year.

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In other news, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the transaction, 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 accessible through this hyperlink. Also, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the transaction, 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 8,061 shares of company stock valued at $614,718. Insiders own 5.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Pinebridge Investments L.P. lifted its stake in shares of U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after buying an additional 53 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of U S Concrete by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock worth $352,000 after buying an additional 66 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of U S Concrete by 2.2% during the 1st 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. PNC Financial Services Group Inc. lifted its stake in shares of U S Concrete by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the construction company’s stock worth $310,000 after buying an additional 77 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of U S Concrete by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock worth $479,000 after buying an additional 100 shares during the last quarter.

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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