Insider Selling: US Concrete Inc (USCR) Vice Chairman Sells $746,190.00 in Stock

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.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut US Concrete from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. ValuEngine cut US Concrete from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. DA Davidson reiterated a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $98.00 price objective on shares of US Concrete in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $89.00.

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.

WARNING: This article was first reported by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3126489/insider-selling-us-concrete-inc-uscr-vice-chairman-sells-746190-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for US Concrete (NASDAQ:USCR)

Receive News & Ratings for US Concrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Concrete and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2018 Ticker Report. Google+.