US Concrete Inc (NASDAQ:USCR) EVP Niel L. Poulsen sold 5,782 shares of the company’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $42.87, for a total transaction of $247,874.34. Following the completion of the transaction, the executive vice president now owns 9,575 shares in the company, valued at $410,480.25. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of USCR stock traded up $1.02 during trading hours on Thursday, hitting $43.75. 310,518 shares of the company were exchanged, compared to its average volume of 329,024. The firm has a market cap of $711.98 million, a P/E ratio of 22.67, a PEG ratio of 1.53 and a beta of 1.25. US Concrete Inc has a 1 year low of $27.68 and a 1 year high of $65.85. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.28 and a quick ratio of 1.08.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.03). The company had revenue of $370.10 million for the quarter, compared to analysts’ expectations of $378.31 million. US Concrete had a return on equity of 9.79% and a net margin of 1.99%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. Analysts expect that US Concrete Inc will post 2.79 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Brinker Capital Inc. lifted its holdings in shares of US Concrete by 3.1% during the 4th quarter. Brinker Capital Inc. now owns 11,435 shares of the construction company’s stock worth $403,000 after acquiring an additional 347 shares during the period. Texas Permanent School Fund increased its position in US Concrete by 4.0% during the 4th quarter. Texas Permanent School Fund now owns 10,456 shares of the construction company’s stock worth $369,000 after purchasing an additional 403 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in US Concrete by 82.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock worth $40,000 after purchasing an additional 512 shares in the last quarter. Coe Capital Management LLC increased its position in US Concrete by 4.5% during the 3rd quarter. Coe Capital Management LLC now owns 12,965 shares of the construction company’s stock worth $594,000 after purchasing an additional 555 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in US Concrete during the 4th quarter worth approximately $26,000. Institutional investors and hedge funds own 99.51% of the company’s stock.
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 and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.
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