US Concrete Inc (NASDAQ:USCR) Vice Chairman William J. Sandbrook sold 9,000 shares of US Concrete stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $82.91, for a total value of $746,190.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of US Concrete Inc (USCR) opened at $84.15 on Friday. The firm has a market capitalization of $1,400.00, a P/E ratio of 112.20, a P/E/G ratio of 1.88 and a beta of 1.31. US Concrete Inc has a 52 week low of $57.95 and a 52 week high of $86.35. The company has a debt-to-equity ratio of 2.35, a quick ratio of 2.12 and a current ratio of 2.31.
US Concrete (NASDAQ:USCR) last posted its earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.47). The business had revenue of $354.60 million for the quarter, compared to analysts’ expectations of $364.16 million. US Concrete had a return on equity of 22.33% and a net margin of 0.99%. US Concrete’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. analysts forecast that US Concrete Inc will post 3.09 EPS for the current year.
Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. lifted its stake in US Concrete by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after purchasing an additional 177 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in US Concrete by 2.8% during the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after purchasing an additional 53 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new stake in US Concrete during the second quarter worth approximately $212,000. Aperio Group LLC purchased a new stake in US Concrete during the third quarter worth approximately $210,000. Finally, Commonwealth Equity Services Inc purchased a new stake in US Concrete during the third quarter worth approximately $217,000.
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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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