Weekly Analysts’ Ratings Updates for US Concrete (USCR)
A number of firms have modified their ratings and price targets on shares of US Concrete (NASDAQ: USCR) recently:
- 3/14/2017 – US Concrete was downgraded by analysts at TheStreet from a “b+” rating to a “c+” rating.
- 3/10/2017 – US Concrete was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA. “
- 3/3/2017 – US Concrete had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $80.00 price target on the stock.
- 3/1/2017 – US Concrete had its price target raised by analysts at Stifel Nicolaus to $76.00.
US Concrete Inc (NASDAQ:USCR) opened at 69.35 on Tuesday. US Concrete Inc has a 12-month low of $42.82 and a 12-month high of $71.35. The company has a 50-day moving average price of $65.57 and a 200 day moving average price of $58.02. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 127.01 and a beta of 1.19.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Tuesday, February 28th. The company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.12. The company had revenue of $318.80 million for the quarter, compared to analyst estimates of $313.92 million. US Concrete had a net margin of 4.41% and a return on equity of 27.73%. US Concrete’s revenue for the quarter was up 20.9% on a year-over-year basis. During the same quarter last year, the business earned $0.55 EPS. On average, equities research analysts predict that US Concrete Inc will post $3.56 EPS for the current year.
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In other US Concrete news, VP Jeff L. Davis sold 6,000 shares of US Concrete stock in a transaction on Wednesday, December 21st. The shares were sold at an average price of $66.27, for a total value of $397,620.00. Following the transaction, the vice president now owns 23,130 shares in the company, valued at approximately $1,532,825.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Niel L. Poulsen sold 12,957 shares of US Concrete stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $70.00, for a total transaction of $906,990.00. Following the completion of the transaction, the executive vice president now owns 33,690 shares in the company, valued at approximately $2,358,300. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,207 shares of company stock worth $2,409,725. 6.90% of the stock is owned by company insiders.
U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. 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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