California Public Employees Retirement System Purchases 700 Shares of U.S. Concrete, Inc (USCR)

California Public Employees Retirement System increased its stake in shares of U.S. Concrete, Inc (NASDAQ:USCR) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,877 shares of the construction company’s stock after acquiring an additional 700 shares during the period. California Public Employees Retirement System’s holdings in U.S. Concrete were worth $1,830,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. American International Group Inc. lifted its position in shares of U.S. Concrete by 6.0% during the 3rd quarter. American International Group Inc. now owns 12,041 shares of the construction company’s stock worth $919,000 after buying an additional 678 shares during the period. Rhumbline Advisers lifted its position in shares of U.S. Concrete by 3.4% during the 3rd quarter. Rhumbline Advisers now owns 29,394 shares of the construction company’s stock worth $2,243,000 after buying an additional 960 shares during the period. Invictus RG lifted its position in shares of U.S. Concrete by 29.0% during the 3rd quarter. Invictus RG now owns 5,531 shares of the construction company’s stock worth $422,000 after buying an additional 1,245 shares during the period. Wells Fargo & Company MN lifted its position in shares of U.S. Concrete by 3.0% during the 3rd quarter. Wells Fargo & Company MN now owns 56,589 shares of the construction company’s stock worth $4,318,000 after buying an additional 1,649 shares during the period. Finally, Advisor Group Inc. lifted its position in shares of U.S. Concrete by 77.3% during the 3rd quarter. Advisor Group Inc. now owns 4,756 shares of the construction company’s stock worth $363,000 after buying an additional 2,074 shares during the period.

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Several brokerages have issued reports on USCR. BidaskClub upgraded U.S. Concrete from a “strong sell” rating to a “sell” rating in a research report on Saturday. TheStreet downgraded U.S. Concrete from a “b” rating to a “c” rating in a research report on Wednesday. Zacks Investment Research downgraded U.S. Concrete from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $88.00 price objective on shares of U.S. Concrete in a research report on Friday, March 2nd. Finally, DA Davidson cut their price objective on U.S. Concrete to $98.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $89.80.

In other news, VP Jeff L. Davis sold 12,000 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $82.41, for a total transaction of $988,920.00. Following the completion of the sale, the vice president now owns 13,022 shares in the company, valued at $1,073,143.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $82.91, for a total value of $746,190.00. Following the sale, the chief executive officer now owns 410,611 shares of the company’s stock, valued at approximately $34,043,758.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,090 shares of company stock valued at $5,125,307. Corporate insiders own 5.90% of the company’s stock.

U.S. Concrete stock opened at $61.25 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.50 and a quick ratio of 1.26. U.S. Concrete, Inc has a 52-week low of $58.75 and a 52-week high of $86.35. The stock has a market capitalization of $1,002.71, a price-to-earnings ratio of 40.03, a price-to-earnings-growth ratio of 1.19 and a beta of 1.02.

U.S. Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Thursday, March 1st. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.27). U.S. Concrete had a net margin of 1.91% and a return on equity of 17.54%. The business had revenue of $341.35 million during the quarter, compared to the consensus estimate of $354.33 million. During the same quarter in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities research analysts expect that U.S. Concrete, Inc will post 5.04 earnings per share for the current year.

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U.S. Concrete Company Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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Institutional Ownership by Quarter for U.S. Concrete (NASDAQ:USCR)

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