Victory Capital Management Inc. lifted its position in U S Concrete, Inc. (NASDAQ:USCR) by 0.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,724 shares of the construction company’s stock after purchasing an additional 66 shares during the quarter. Victory Capital Management Inc. owned about 0.41% of U S Concrete worth $5,006,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. Federated Investors Inc. PA raised its stake in shares of U S Concrete by 0.3% in the second quarter. Federated Investors Inc. PA now owns 102,086 shares of the construction company’s stock worth $8,019,000 after purchasing an additional 328 shares during the last quarter. Columbus Circle Investors raised its stake in shares of U S Concrete by 50.2% in the second quarter. Columbus Circle Investors now owns 196,580 shares of the construction company’s stock worth $15,441,000 after purchasing an additional 65,741 shares during the last quarter. Adell Harriman & Carpenter Inc. purchased a new position in shares of U S Concrete in the second quarter worth about $825,000. Turner Investments LLC purchased a new position in shares of U S Concrete in the second quarter worth about $314,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of U S Concrete by 61.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,537 shares of the construction company’s stock worth $356,000 after purchasing an additional 1,734 shares during the last quarter.
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In other news, VP David Andrew Behring sold 361 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the transaction, the vice president now directly owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the sale, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,311 shares of company stock valued at $1,643,874. Company insiders own 5.90% of the company’s stock.
Shares of U S Concrete, Inc. (USCR) traded down 0.46% on Friday, reaching $75.30. The company had a trading volume of 403,837 shares. U S Concrete, Inc. has a 52 week low of $42.82 and a 52 week high of $83.85. The firm has a market capitalization of $1.18 billion, a P/E ratio of 47.72 and a beta of 1.22. The company’s 50-day moving average price is $76.30 and its 200 day moving average price is $71.35.
U S Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.09. The firm had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.54 EPS. On average, analysts expect that U S Concrete, Inc. will post $3.91 EPS for the current year.
Several research analysts have recently issued reports on the company. ValuEngine upgraded U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Tuesday, August 15th. Citigroup Inc. lifted their price target on U S Concrete to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, BidaskClub cut U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. U S Concrete has a consensus rating of “Buy” and a consensus target price of $83.50.
About U S 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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