U.S. Concrete (USCR) Stock Rating Upgraded by BidaskClub

U.S. Concrete (NASDAQ:USCR) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus reaffirmed a “buy” rating and issued a $88.00 price objective on shares of U.S. Concrete in a research note on Friday, March 2nd. TheStreet lowered shares of U.S. Concrete from a “b” rating to a “c” rating in a research note on Wednesday, March 21st. ValuEngine lowered shares of U.S. Concrete from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. DA Davidson reaffirmed a “buy” rating on shares of U.S. Concrete in a research note on Monday, December 4th. Finally, Zacks Investment Research lowered shares of U.S. Concrete from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $89.80.

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Shares of USCR 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 has a 12 month low of $58.75 and a 12 month high of $86.35. The company has a market cap of $1,020.18, a price-to-earnings ratio of 40.03, a PEG ratio of 1.22 and a beta of 1.02.

U.S. Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Thursday, March 1st. The construction company reported $0.50 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $341.35 million during the quarter, compared to the consensus estimate of $354.33 million. During the same period in the prior year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. sell-side analysts anticipate that U.S. Concrete will post 5.04 earnings per share for the current year.

In related news, Vice Chairman William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $82.91, for a total transaction of $746,190.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Ronnie A. Pruitt sold 500 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $83.15, for a total transaction of $41,575.00. Following the transaction, the chief operating officer now owns 17,656 shares in the company, valued at approximately $1,468,096.40. The disclosure for this sale can be found here. Insiders have sold a total of 63,090 shares of company stock worth $5,125,307 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in USCR. Goldman Sachs Group Inc. lifted its position in shares of U.S. Concrete by 448.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 480,659 shares of the construction company’s stock valued at $40,207,000 after acquiring an additional 392,972 shares during the period. Point72 Asset Management L.P. lifted its position in shares of U.S. 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 during the period. Hood River Capital Management LLC lifted its position in shares of U.S. Concrete by 4,650.5% during the 4th quarter. Hood River Capital Management LLC now owns 215,671 shares of the construction company’s stock valued at $18,041,000 after acquiring an additional 211,131 shares during the period. Victory Capital Management Inc. lifted its position in shares of U.S. Concrete by 52.4% during the 4th quarter. Victory Capital Management Inc. now owns 578,200 shares of the construction company’s stock valued at $48,366,000 after acquiring an additional 198,680 shares during the period. Finally, Caxton Associates LP acquired a new position in shares of U.S. Concrete during the 4th quarter valued at $15,057,000.

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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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