Analysts Set US Concrete Inc (USCR) PT at $95.00

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.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The business had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same quarter last year, the business earned $1.19 EPS. US Concrete’s revenue for the quarter was up 7.9% compared to the same quarter last year. equities analysts anticipate that US Concrete will post 3.11 EPS for the current year.

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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