Highbridge Capital Management LLC boosted its position in shares of US Concrete Inc (NASDAQ:USCR) by 140.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,000 shares of the construction company’s stock after purchasing an additional 7,000 shares during the period. Highbridge Capital Management LLC owned 0.07% of US Concrete worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USCR. Bank of New York Mellon Corp lifted its position in shares of US Concrete by 14.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,375,297 shares of the construction company’s stock worth $108,908,000 after purchasing an additional 297,182 shares during the last quarter. BlackRock Inc. lifted its position in shares of US Concrete by 2.9% during the 4th quarter. BlackRock Inc. now owns 2,340,759 shares of the construction company’s stock worth $82,581,000 after purchasing an additional 66,376 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of US Concrete by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 965,285 shares of the construction company’s stock worth $44,257,000 after purchasing an additional 4,441 shares during the last quarter. Vanguard Group Inc lifted its position in shares of US Concrete by 0.5% during the 3rd quarter. Vanguard Group Inc now owns 965,285 shares of the construction company’s stock worth $44,257,000 after purchasing an additional 4,441 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its position in shares of US Concrete by 5.3% during the 4th quarter. Hodges Capital Management Inc. now owns 809,565 shares of the construction company’s stock worth $28,561,000 after purchasing an additional 40,680 shares during the last quarter. 99.51% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Jeffrey W. Roberts sold 3,800 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $41.03, for a total transaction of $155,914.00. Following the transaction, the vice president now directly owns 16,511 shares in the company, valued at $677,446.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kevin Kohutek sold 5,100 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $40.75, for a total value of $207,825.00. Following the transaction, the vice president now owns 5,637 shares in the company, valued at $229,707.75. The disclosure for this sale can be found here. Insiders have sold 9,400 shares of company stock worth $382,659 over the last 90 days. Corporate insiders own 5.30% of the company’s stock.

Shares of USCR opened at $42.73 on Thursday. US Concrete Inc has a 12-month low of $27.68 and a 12-month high of $65.85. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.08 and a current ratio of 1.28. The stock has a market cap of $711.98 million, a P/E ratio of 22.14, a PEG ratio of 1.53 and a beta of 1.25.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). US Concrete had a net margin of 1.99% and a return on equity of 9.79%. The firm had revenue of $370.10 million for the quarter, compared to the consensus estimate of $378.31 million. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Analysts anticipate that US Concrete Inc will post 2.79 EPS for the current fiscal year.

Several equities analysts recently weighed in on the company. ValuEngine raised US Concrete from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. BidaskClub raised US Concrete from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Citigroup cut their price objective on US Concrete from $63.00 to $53.00 and set a “buy” rating for the company in a research report on Friday, January 4th. SunTrust Banks cut their price objective on US Concrete to $47.00 and set a “buy” rating for the company in a research report on Wednesday, November 21st. Finally, DA Davidson cut their price objective on US Concrete from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. US Concrete presently has an average rating of “Buy” and a consensus price target of $64.51.

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US Concrete Company Profile

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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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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