Shares of US Concrete Inc (NASDAQ:USCR) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $52.00.
Several research firms have recently commented on USCR. BNP Paribas began coverage on shares of US Concrete in a report on Wednesday, October 9th. They issued an “outperform” rating on the stock. ValuEngine downgraded shares of US Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Exane BNP Paribas began coverage on shares of US Concrete in a report on Wednesday, October 9th. They set an “outperform” rating on the stock. BidaskClub downgraded shares of US Concrete from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, DA Davidson lowered their price target on shares of US Concrete to $56.00 and set a “buy” rating on the stock in a report on Monday, November 11th.
Shares of USCR stock traded down $0.80 during trading hours on Thursday, hitting $37.90. The company’s stock had a trading volume of 292,374 shares, compared to its average volume of 256,767. The company has a 50 day moving average of $45.55 and a 200 day moving average of $46.97. The stock has a market cap of $664.77 million, a PE ratio of 19.64 and a beta of 1.24. The company has a current ratio of 1.32, a quick ratio of 1.12 and a debt-to-equity ratio of 2.00. US Concrete has a 12-month low of $30.41 and a 12-month high of $56.22.
In other news, Director Theodore P. Rossi purchased 5,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were purchased at an average cost of $40.97 per share, with a total value of $204,850.00. Following the completion of the acquisition, the director now owns 88,581 shares of the company’s stock, valued at approximately $3,629,163.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Herbert A. Burton sold 1,268 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $47.69, for a total transaction of $60,470.92. Following the sale, the vice president now directly owns 5,681 shares in the company, valued at $270,926.89. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 28,057 shares of company stock worth $1,125,196 and have sold 3,717 shares worth $176,436. Corporate insiders own 4.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rothschild & Co. Asset Management US Inc. raised its position in US Concrete by 8.4% during the second quarter. Rothschild & Co. Asset Management US Inc. now owns 419,936 shares of the construction company’s stock worth $20,867,000 after acquiring an additional 32,568 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in US Concrete during the second quarter worth $29,000. Aperio Group LLC acquired a new position in US Concrete during the second quarter worth $198,000. Advisory Services Network LLC raised its position in US Concrete by 15.0% during the second quarter. Advisory Services Network LLC now owns 2,873 shares of the construction company’s stock worth $142,000 after acquiring an additional 375 shares during the period. Finally, John G Ullman & Associates Inc. raised its position in US Concrete by 9.7% during the second quarter. John G Ullman & Associates Inc. now owns 6,800 shares of the construction company’s stock worth $338,000 after acquiring an additional 600 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.
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, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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