Shares of US Concrete Inc (NASDAQ:USCR) have received an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $95.00.

A number of brokerages have weighed in on USCR. BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. DA Davidson restated a “buy” rating on shares of US Concrete in a report on Monday, December 4th. ValuEngine cut shares of US Concrete from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of US Concrete from a “hold” rating to a “sell” rating in a report on Saturday, November 4th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $98.00 price objective on shares of US Concrete in a report on Thursday, September 28th.

US Concrete (USCR) opened at $83.10 on Thursday. US Concrete has a one year low of $57.95 and a one year high of $86.35. The stock has a market cap of $1,380.00, a PE ratio of 110.80, a P/E/G ratio of 1.88 and a beta of 1.31. 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 (NASDAQ:USCR) last released its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). US Concrete had a return on equity of 22.33% and a net margin of 0.99%. The company had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. During the same period in the previous year, the company earned $1.19 earnings per share. US Concrete’s quarterly revenue was up 7.9% on a year-over-year basis. analysts anticipate that US Concrete will post 3.09 EPS for the current year.

In related news, EVP Niel L. Poulsen sold 20,644 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $80.42, for a total value of $1,660,190.48. Following the sale, the executive vice president now owns 16,665 shares in the company, valued at $1,340,199.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kurt Matthew Cellar sold 10,060 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $80.11, for a total transaction of $805,906.60. Following the completion of the sale, the director now owns 40,081 shares in the company, valued at approximately $3,210,888.91. The disclosure for this sale can be found here. Insiders sold 76,254 shares of company stock worth $6,221,429 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. raised its position in US Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after acquiring an additional 177 shares during the period. Pinebridge Investments L.P. raised its position in US Concrete by 2.8% in the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after acquiring an additional 53 shares during the period. Peregrine Asset Advisers Inc. bought a new position in US Concrete in the second quarter worth approximately $212,000. Aperio Group LLC bought a new position in US Concrete in the third quarter worth approximately $210,000. Finally, Commonwealth Equity Services Inc bought a new position in US Concrete in the third quarter worth approximately $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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