US Concrete Inc (NASDAQ:USCR) EVP Niel L. Poulsen sold 5,782 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $42.87, for a total transaction of $247,874.34. Following the sale, the executive vice president now directly owns 9,575 shares of the company’s stock, valued at approximately $410,480.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

USCR traded up $1.02 during trading hours on Thursday, hitting $43.75. 310,518 shares of the stock were exchanged, compared to its average volume of 329,024. US Concrete Inc has a 12 month low of $27.68 and a 12 month high of $65.85. The stock has a market capitalization of $711.98 million, a PE ratio of 22.67, a price-to-earnings-growth ratio of 1.53 and a beta of 1.25. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.28 and a quick ratio of 1.08.

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

A number of research firms have recently weighed in on USCR. BidaskClub downgraded shares of US Concrete from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. SunTrust Banks downgraded shares of US Concrete from a “buy” rating to a “hold” rating and set a $37.55 price target for the company. in a research report on Thursday, January 31st. ValuEngine upgraded US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. DA Davidson reduced their price objective on US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, January 2nd. Finally, Citigroup reduced their price objective on US Concrete from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $64.51.

A number of institutional investors and hedge funds have recently made changes to their positions in USCR. Oppenheimer Asset Management Inc. bought a new stake in US Concrete in the fourth quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in US Concrete by 82.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock valued at $40,000 after buying an additional 512 shares during the last quarter. Rehmann Capital Advisory Group bought a new stake in US Concrete in the third quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in US Concrete in the third quarter valued at $208,000. Finally, Royce & Associates LP lifted its stake in US Concrete by 96.0% in the fourth quarter. Royce & Associates LP now owns 4,900 shares of the construction company’s stock valued at $173,000 after buying an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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About US Concrete

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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