U S Concrete, Inc. (NASDAQ:USCR) CAO Kevin Kohutek sold 250 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $77.00, for a total value of $19,250.00. Following the completion of the transaction, the chief accounting officer now directly owns 9,642 shares of the company’s stock, valued at approximately $742,434. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Kevin Kohutek also recently made the following trade(s):

  • On Friday, September 1st, Kevin Kohutek sold 250 shares of U S Concrete stock. The stock was sold at an average price of $80.40, for a total value of $20,100.00.

U S Concrete (NASDAQ:USCR) last posted its earnings results on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.09. The company had revenue of $340.90 million during the quarter, compared to analyst estimates of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. U S Concrete’s revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share.

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Several research analysts have recently issued reports on USCR shares. BidaskClub lowered U S Concrete from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research lowered U S Concrete from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Citigroup Inc. increased their target price on U S Concrete to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 target price on shares of U S Concrete in a research report on Thursday, September 28th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $89.00.

A number of institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. lifted its holdings in U S 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 buying an additional 53 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in U S Concrete by 1.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock worth $352,000 after buying an additional 66 shares during the period. Municipal Employees Retirement System of Michigan lifted its holdings in U S Concrete by 2.2% during the first quarter. Municipal Employees Retirement System of Michigan now owns 3,250 shares of the construction company’s stock worth $210,000 after buying an additional 70 shares during the period. PNC Financial Services Group Inc. lifted its holdings in U S Concrete by 2.0% during the second quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the construction company’s stock worth $310,000 after buying an additional 77 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in U S Concrete by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock worth $479,000 after buying an additional 100 shares during the period.

About U S 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 U S Concrete (NASDAQ:USCR)

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