Kevin Kohutek Sells 250 Shares of US Concrete Inc (USCR) Stock

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.

US Concrete (NASDAQ:USCR) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). The firm had revenue of $354.60 million for the quarter, compared to the consensus estimate of $364.16 million. US Concrete had a net margin of 0.99% and a return on equity of 22.33%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.19 earnings per share. research analysts predict that US Concrete Inc will post 3.09 EPS for the current year.

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.

COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/04/kevin-kohutek-sells-250-shares-of-us-concrete-inc-uscr-stock.html.

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.

Insider Buying and Selling by Quarter for US Concrete (NASDAQ:USCR)

Receive News & Ratings for US Concrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Concrete and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply