US Concrete Inc (USCR) Shares Sold by Hodges Capital Management Inc.
Hodges Capital Management Inc. lowered its holdings in US Concrete Inc (NASDAQ:USCR) by 24.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 614,124 shares of the construction company’s stock after selling 195,441 shares during the quarter. US Concrete makes up 2.6% of Hodges Capital Management Inc.’s portfolio, making the stock its 4th biggest position. Hodges Capital Management Inc. owned 3.70% of US Concrete worth $25,437,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cutler Group LP raised its stake in shares of US Concrete by 136.2% during the 4th quarter. Cutler Group LP now owns 5,285 shares of the construction company’s stock worth $186,000 after acquiring an additional 19,867 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new position in shares of US Concrete during the 4th quarter worth approximately $318,000. Brinker Capital Inc. raised its stake in shares of US Concrete by 3.1% during the 4th quarter. Brinker Capital Inc. now owns 11,435 shares of the construction company’s stock worth $403,000 after acquiring an additional 347 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of US Concrete during the 3rd quarter worth approximately $136,000. Finally, Principal Financial Group Inc. raised its stake in shares of US Concrete by 88.4% during the 4th quarter. Principal Financial Group Inc. now owns 243,078 shares of the construction company’s stock worth $8,576,000 after acquiring an additional 114,072 shares in the last quarter. Institutional investors and hedge funds own 99.52% of the company’s stock.
NASDAQ:USCR traded down $0.89 during trading hours on Monday, hitting $44.09. 143,044 shares of the company were exchanged, compared to its average volume of 312,003. The company has a market cap of $736.18 million, a PE ratio of 22.84, a P/E/G ratio of 1.60 and a beta of 1.25. US Concrete Inc has a 52-week low of $27.68 and a 52-week high of $65.85. The company has a current ratio of 1.28, a quick ratio of 1.08 and a debt-to-equity ratio of 2.03.
In related news, VP Kevin Kohutek sold 5,100 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $40.75, for a total value of $207,825.00. Following the completion of the transaction, the vice president now directly owns 5,637 shares in the company, valued at approximately $229,707.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Niel L. Poulsen sold 5,782 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $42.87, for a total transaction of $247,874.34. Following the completion of the transaction, the executive vice president now owns 9,575 shares of the company’s stock, valued at $410,480.25. The disclosure for this sale can be found here. Insiders sold a total of 15,432 shares of company stock worth $641,166 over the last ninety days. Insiders own 4.70% of the company’s stock.
Several research analysts recently commented on the stock. BidaskClub upgraded shares of US Concrete from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. ValuEngine raised shares of US Concrete from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. SunTrust Banks downgraded shares of US Concrete from a “buy” rating to a “hold” rating and set a $37.55 target price on the stock. in a research report on Thursday, January 31st. Citigroup dropped their target price on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating on the stock in a research report on Friday, January 4th. Finally, DA Davidson dropped their target price on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. US Concrete has an average rating of “Buy” and a consensus target price of $61.14.
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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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