U S Concrete (USCR) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of U S Concrete (NASDAQ:USCR) from a sell rating to a hold rating in a report released on Wednesday morning.

Several other equities analysts also recently issued reports on USCR. DA Davidson restated a buy rating on shares of U S Concrete in a report on Monday. ValuEngine downgraded shares of U S Concrete from a buy rating to a hold rating in a report on Friday, December 1st. Stifel Nicolaus reiterated a buy rating and issued a $98.00 price target on shares of U S Concrete in a report on Thursday, September 28th. Zacks Investment Research upgraded shares of U S Concrete from a hold rating to a buy rating and set a $86.00 price target on the stock in a report on Tuesday, August 15th. Finally, Citigroup increased their price target on shares of U S Concrete to $92.00 and gave the stock a buy rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $89.00.

U S Concrete (NASDAQ:USCR) traded down $1.85 on Wednesday, hitting $81.60. 162,000 shares of the stock traded hands, compared to its average volume of 328,578. U S Concrete has a 12-month low of $57.95 and a 12-month high of $84.60. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $1,389.39, a P/E ratio of 28.10, a P/E/G ratio of 2.69 and a beta of 1.31.

U S Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The company had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same quarter last year, the company earned $1.19 EPS. The business’s revenue was up 7.9% compared to the same quarter last year. research analysts expect that U S Concrete will post 3.11 EPS for the current fiscal year.

In other U S Concrete news, Director Colin Mcgill Sutherland sold 1,400 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.28, for a total value of $116,592.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Niel L. Poulsen sold 20,644 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.42, for a total value of $1,660,190.48. Following the completion of the sale, the executive vice president now owns 16,665 shares in the company, valued at approximately $1,340,199.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,954 shares of company stock worth $2,648,939. 5.90% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its position in U S Concrete by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after purchasing an additional 177 shares in the last quarter. Pinebridge Investments L.P. boosted its position in U S Concrete by 2.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after purchasing an additional 53 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in U S Concrete in the 2nd quarter worth approximately $196,000. ARP Americas LLC purchased a new stake in U S Concrete in the 2nd quarter worth approximately $212,000. Finally, Peregrine Asset Advisers Inc. purchased a new stake in U S Concrete in the 2nd quarter worth approximately $212,000.

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U S Concrete Company Profile

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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