Colin Mcgill Sutherland Sells 130 Shares of US Concrete Inc (USCR) Stock

US Concrete Inc (NASDAQ:USCR) Director Colin Mcgill Sutherland sold 130 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $82.90, for a total value of $10,777.00. Following the completion of the transaction, the director now directly owns 12,475 shares in the company, valued at approximately $1,034,177.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Colin Mcgill Sutherland also recently made the following trade(s):

  • On Monday, December 4th, Colin Mcgill Sutherland sold 1,400 shares of US Concrete stock. The shares were sold at an average price of $83.28, for a total value of $116,592.00.

US Concrete Inc (NASDAQ:USCR) opened at $78.25 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. US Concrete Inc has a 12 month low of $57.95 and a 12 month high of $86.35. The firm has a market capitalization of $1,300.00, a price-to-earnings ratio of 104.33, a PEG ratio of 1.78 and a beta of 1.31.

US Concrete (NASDAQ:USCR) last released its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. During the same quarter in the prior year, the company earned $1.19 EPS. US Concrete’s quarterly revenue was up 7.9% on a year-over-year basis. sell-side analysts forecast that US Concrete Inc will post 3.09 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in USCR. Schwab Charles Investment Management Inc. increased its position in shares of US Concrete by 1.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 60,268 shares of the construction company’s stock valued at $4,735,000 after buying an additional 617 shares in the last quarter. Legal & General Group Plc increased its position in shares of US Concrete by 11.9% in the 2nd quarter. Legal & General Group Plc now owns 27,066 shares of the construction company’s stock valued at $2,125,000 after buying an additional 2,888 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of US Concrete by 61.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,537 shares of the construction company’s stock valued at $356,000 after buying an additional 1,734 shares in the last quarter. Prudential Financial Inc. increased its position in shares of US Concrete by 0.5% in the 2nd quarter. Prudential Financial Inc. now owns 25,570 shares of the construction company’s stock valued at $2,009,000 after buying an additional 130 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of US Concrete by 62.0% in the 2nd quarter. Wells Fargo & Company MN now owns 54,940 shares of the construction company’s stock valued at $4,316,000 after buying an additional 21,021 shares in the last quarter.

USCR has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price target on shares of US Concrete in a research note on Thursday, September 28th. DA Davidson reissued a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. Zacks Investment Research raised US Concrete from a “strong sell” rating to a “hold” rating in a research note on Saturday, January 6th. BidaskClub raised US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, ValuEngine downgraded US Concrete from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $89.00.

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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.

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

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