US Concrete Inc (NASDAQ:USCR) VP Kevin Kohutek sold 250 shares of US Concrete stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $83.75, for a total value of $20,937.50. Following the sale, the vice president now owns 9,804 shares in the company, valued at $821,085. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Kevin Kohutek also recently made the following trade(s):
- On Thursday, November 2nd, Kevin Kohutek sold 250 shares of US Concrete stock. The shares were sold at an average price of $77.00, for a total value of $19,250.00.
US Concrete Inc (NASDAQ USCR) traded down $0.50 during midday trading on Thursday, hitting $83.10. The company had a trading volume of 326,300 shares, compared to its average volume of 354,550. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35. US Concrete Inc has a one year low of $57.95 and a one year high of $86.35. The company has a market capitalization of $1,400.00, a price-to-earnings ratio of 110.80, a PEG ratio of 1.88 and a beta of 1.31.
USCR has been the topic of several research reports. ValuEngine lowered US Concrete from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and set a $98.00 price target on shares of US Concrete in a research report on Thursday, September 28th. Zacks Investment Research lowered US Concrete from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. DA Davidson restated a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. Finally, BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $89.00.
Large investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. raised its stake in US Concrete by 15.3% during the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after buying an additional 177 shares during the last quarter. Pinebridge Investments L.P. raised its stake in US Concrete by 2.8% during the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after buying an additional 53 shares during the last quarter. Peregrine Asset Advisers Inc. purchased a new position in US Concrete during the second quarter valued at $212,000. Aperio Group LLC purchased a new position in US Concrete during the third quarter valued at $210,000. Finally, Commonwealth Equity Services Inc purchased a new position in US Concrete during the third quarter valued at $217,000.
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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.
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