An issue of US Concrete Inc (NASDAQ:USCR) debt fell 2.5% against its face value during trading on Friday. The high-yield debt issue has a 6.375% coupon and will mature on June 1, 2024. The bonds in the issue are now trading at $97.29 and were trading at $93.51 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.

Several brokerages have commented on USCR. BidaskClub lowered shares of US Concrete from a “hold” rating to a “sell” rating in a report on Friday, December 7th. Sidoti began coverage on shares of US Concrete in a report on Monday, October 15th. They issued a “buy” rating for the company. DA Davidson restated a “buy” rating and issued a $87.00 price objective (down from $95.00) on shares of US Concrete in a report on Thursday, October 11th. ValuEngine upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. US Concrete currently has a consensus rating of “Hold” and an average price target of $69.83.

Shares of US Concrete stock traded down $0.73 during trading on Friday, hitting $33.94. The company’s stock had a trading volume of 271,300 shares, compared to its average volume of 444,862. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.28 and a quick ratio of 1.10. The firm has a market cap of $593.42 million, a price-to-earnings ratio of 12.52, a PEG ratio of 1.10 and a beta of 1.39. US Concrete Inc has a 52 week low of $27.68 and a 52 week high of $84.95.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Thursday, November 1st. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.42). The business had revenue of $404.27 million during the quarter, compared to the consensus estimate of $411.35 million. US Concrete had a return on equity of 10.56% and a net margin of 1.69%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, equities analysts anticipate that US Concrete Inc will post 2.13 EPS for the current year.

In other US Concrete news, Director Robert Martin Rayner purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $35.25 per share, for a total transaction of $176,250.00. Following the purchase, the director now directly owns 53,028 shares in the company, valued at $1,869,237. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Theodore P. Rossi purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was acquired at an average price of $34.85 per share, with a total value of $348,500.00. Following the completion of the purchase, the director now owns 78,411 shares in the company, valued at $2,732,623.35. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 64,100 shares of company stock valued at $2,207,936. 5.30% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in USCR. Rehmann Capital Advisory Group purchased a new position in shares of US Concrete in the third quarter worth approximately $136,000. SG Americas Securities LLC bought a new stake in US Concrete in the second quarter worth $181,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in US Concrete during the third quarter worth $208,000. Campbell & CO Investment Adviser LLC purchased a new position in US Concrete during the third quarter worth $255,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in US Concrete during the second quarter worth $265,000.

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About US Concrete (NASDAQ:USCR)

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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