US Concrete Inc (USCR) EVP Sells $247,874.34 in Stock

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.

A number of research firms have issued reports on USCR. ValuEngine upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a report on Tuesday, March 5th. BidaskClub upgraded shares of US Concrete from a “hold” rating to a “buy” rating in a report on Saturday, February 23rd. Citigroup reduced their target price on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating on the stock in a report on Friday, January 4th. SunTrust Banks reduced their target price on shares of US Concrete to $47.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. Finally, DA Davidson reduced their target price on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $64.51.

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.

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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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