Shares of US Concrete Inc (NASDAQ:USCR) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $95.00.
A number of equities research analysts have weighed in on the company. DA Davidson restated a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 target price on shares of US Concrete in a research report on Thursday, September 28th. ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded US Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Tuesday, August 15th.
Shares of US Concrete (USCR) traded down $2.30 during midday trading on Friday, reaching $79.55. The company’s stock had a trading volume of 406,300 shares, compared to its average volume of 330,683. US Concrete has a 12-month low of $57.95 and a 12-month high of $86.35. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35. The firm has a market cap of $1,320.00, a price-to-earnings ratio of 27.56, a PEG ratio of 2.64 and a beta of 1.31.
In related news, Director Kurt Matthew Cellar sold 10,060 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.11, for a total transaction of $805,906.60. Following the completion of the transaction, the director now owns 40,081 shares in the company, valued at approximately $3,210,888.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Niel L. Poulsen sold 20,644 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.42, for a total value of $1,660,190.48. Following the transaction, the executive vice president now owns 16,665 shares of the company’s stock, valued at approximately $1,340,199.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,954 shares of company stock valued at $2,648,939. Insiders own 5.90% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in US Concrete during the 3rd quarter valued at $670,000. Argent Capital Management LLC raised its stake in US Concrete by 39.0% during the 3rd quarter. Argent Capital Management LLC now owns 42,075 shares of the construction company’s stock valued at $3,210,000 after acquiring an additional 11,800 shares in the last quarter. California Public Employees Retirement System raised its stake in US Concrete by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 21,177 shares of the construction company’s stock valued at $1,616,000 after acquiring an additional 1,177 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in US Concrete by 344.6% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,208 shares of the construction company’s stock valued at $626,000 after acquiring an additional 6,362 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in US Concrete by 163.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 532,742 shares of the construction company’s stock valued at $40,648,000 after acquiring an additional 330,177 shares in the last quarter.
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About US 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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