US Concrete Inc (NASDAQ:USCR) VP David Andrew Behring sold 200 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $78.00, for a total value of $15,600.00. Following the completion of the sale, the vice president now owns 9,604 shares in the company, valued at approximately $749,112. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
David Andrew Behring also recently made the following trade(s):
- On Friday, December 1st, David Andrew Behring sold 200 shares of US Concrete stock. The shares were sold at an average price of $80.55, for a total value of $16,110.00.
Shares of US Concrete Inc (NASDAQ:USCR) opened at $78.00 on Monday. US Concrete Inc has a 52-week low of $57.95 and a 52-week high of $86.35. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31. The company has a market capitalization of $1,298.62, a PE ratio of 109.86, a P/E/G ratio of 1.75 and a beta of 0.95.
US Concrete (NASDAQ:USCR) last announced its earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.47). US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The business had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. During the same quarter in the previous year, the company earned $1.19 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. research analysts forecast that US Concrete Inc will post 3.09 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in USCR. Ameritas Investment Partners Inc. boosted its position in shares of US Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after purchasing an additional 177 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of US Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after purchasing an additional 53 shares in the last quarter. Aperio Group LLC bought a new stake in shares of US Concrete during the 3rd quarter valued at about $210,000. Commonwealth Equity Services Inc bought a new stake in shares of US Concrete during the 3rd quarter valued at about $217,000. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of US Concrete during the 3rd quarter valued at about $229,000.
USCR has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Zacks Investment Research lowered US Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub lowered US Concrete from a “hold” rating to a “sell” rating in a research report on Thursday, January 18th. Finally, ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $89.00.
About US Concrete
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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