Monarch Partners Asset Management LLC lowered its position in U.S. Concrete Inc. (NASDAQ:USCR) by 36.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,090 shares of the company’s stock after selling 18,600 shares during the period. Monarch Partners Asset Management LLC’s holdings in U.S. Concrete were worth $2,016,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of USCR. Capital Fund Management S.A. increased its stake in U.S. Concrete by 52.3% in the second quarter. Capital Fund Management S.A. now owns 6,700 shares of the company’s stock worth $408,000 after buying an additional 2,300 shares in the last quarter. Bank of Montreal Can purchased a new stake in U.S. Concrete during the second quarter worth $140,000. Sigma Planning Corp purchased a new stake in U.S. Concrete during the second quarter worth $263,000. New York State Teachers Retirement System increased its stake in U.S. Concrete by 14.5% in the second quarter. New York State Teachers Retirement System now owns 11,057 shares of the company’s stock worth $673,000 after buying an additional 1,400 shares in the last quarter. Finally, Copper Rock Capital Partners LLC increased its stake in U.S. Concrete by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 412,679 shares of the company’s stock worth $25,120,000 after buying an additional 6,399 shares in the last quarter. 98.09% of the stock is owned by institutional investors.
Shares of U.S. Concrete Inc. (NASDAQ:USCR) traded up 1.34% on Wednesday, hitting $44.49. The company had a trading volume of 618,416 shares. The firm’s market capitalization is $663.79 million. The company has a 50 day moving average price of $50.54 and a 200 day moving average price of $59.31. U.S. Concrete Inc. has a 1-year low of $40.42 and a 1-year high of $69.66.
U.S. Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by $0.41. The business earned $275.80 million during the quarter, compared to the consensus estimate of $297.94 million. U.S. Concrete had a net margin of 1.18% and a return on equity of 40.33%. The business’s revenue was up 12.7% on a year-over-year basis. On average, equities analysts forecast that U.S. Concrete Inc. will post $3.15 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. SunTrust Banks Inc. assumed coverage on U.S. Concrete in a report on Monday, August 8th. They set a “buy” rating and a $75.00 target price for the company. Zacks Investment Research downgraded U.S. Concrete from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Sidoti raised U.S. Concrete from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $72.00 to $90.00 in a report on Friday, June 10th. Finally, DA Davidson assumed coverage on U.S. Concrete in a report on Wednesday, June 8th. They set a “buy” rating and a $80.00 target price for the company. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.83.
In other U.S. Concrete news, EVP Niel L. Poulsen acquired 18,000 shares of U.S. Concrete stock in a transaction on Monday, August 8th. The stock was purchased at an average price of $56.00 per share, for a total transaction of $1,008,000.00. Following the purchase, the executive vice president now directly owns 41,481 shares of the company’s stock, valued at $2,322,936. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $66.07, for a total value of $429,455.00. Following the completion of the transaction, the chief executive officer now owns 509,867 shares of the company’s stock, valued at approximately $33,686,912.69. The disclosure for this sale can be found here. 6.90% of the stock is owned by company insiders.
U.S. Concrete Company Profile
U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. 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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