Systematic Financial Management LP lowered its position in US Concrete Inc (NASDAQ:USCR) by 6.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,326 shares of the construction company’s stock after selling 19,737 shares during the quarter. Systematic Financial Management LP’s holdings in US Concrete were worth $24,704,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of USCR. UBS Asset Management Americas Inc. raised its stake in shares of US Concrete by 67.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 6,312 shares of the construction company’s stock valued at $528,000 after purchasing an additional 2,542 shares in the last quarter. BlackRock Inc. raised its stake in shares of US Concrete by 4.2% in the 4th quarter. BlackRock Inc. now owns 1,949,913 shares of the construction company’s stock valued at $163,110,000 after purchasing an additional 78,135 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of US Concrete by 18.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,104,295 shares of the construction company’s stock valued at $92,373,000 after purchasing an additional 173,567 shares in the last quarter. Rhumbline Advisers raised its stake in shares of US Concrete by 20.1% in the 4th quarter. Rhumbline Advisers now owns 35,293 shares of the construction company’s stock valued at $2,952,000 after purchasing an additional 5,899 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of US Concrete by 237.3% in the 4th quarter. Arizona State Retirement System now owns 26,307 shares of the construction company’s stock valued at $2,201,000 after purchasing an additional 18,507 shares in the last quarter.
A number of equities research analysts have recently issued reports on USCR shares. Zacks Investment Research lowered shares of US Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. ValuEngine lowered shares of US Concrete from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. DA Davidson restated a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. Finally, BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $89.25.
In related news, EVP Niel L. Poulsen sold 20,644 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $80.42, for a total transaction of $1,660,190.48. Following the sale, the executive vice president now owns 16,665 shares in the company, valued at $1,340,199.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William J. Sandbrook sold 9,000 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $82.91, for a total transaction of $746,190.00. Following the sale, the chief executive officer now owns 410,611 shares in the company, valued at approximately $34,043,758.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,264 shares of company stock worth $7,046,356. 5.90% of the stock is owned by company insiders.
Shares of US Concrete Inc (USCR) opened at $78.00 on Tuesday. The firm has a market cap of $1,298.65, a PE ratio of 109.86, a P/E/G ratio of 1.58 and a beta of 0.95. US Concrete Inc has a 12 month low of $57.95 and a 12 month 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.
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US Concrete 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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