US Concrete (NASDAQ:USCR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Saturday.

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. “

Several other research firms have also recently weighed in on USCR. BidaskClub upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. DA Davidson reiterated a “buy” rating on shares of US Concrete in a research report on Monday, December 4th. ValuEngine cut US Concrete from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price objective on shares of US Concrete in a research report on Thursday, September 28th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $89.00.

US Concrete (NASDAQ USCR) traded up $0.05 on Friday, reaching $84.20. The company had a trading volume of 274,244 shares, compared to its average volume of 313,582. US Concrete has a twelve month low of $57.95 and a twelve month high of $86.35. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35. The company has a market cap of $1,401.04, a PE ratio of 118.59, a PEG ratio of 1.89 and a beta of 1.32.

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

In other US Concrete news, CEO William J. Sandbrook sold 9,000 shares of the stock in a transaction on Friday, December 28th. The stock was sold at an average price of $82.91, for a total transaction of $746,190.00. Following the transaction, the chief executive officer now owns 410,611 shares in the company, valued at approximately $34,043,758.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Mark Baker Peabody sold 1,000 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $77.40, for a total value of $77,400.00. Following the transaction, the vice president now owns 25,263 shares in the company, valued at approximately $1,955,356.20. The disclosure for this sale can be found here. Insiders have sold a total of 76,504 shares of company stock worth $6,242,367 in the last quarter. Company insiders own 5.90% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC bought a new position in shares of US Concrete in the second quarter worth $44,346,000. Point72 Asset Management L.P. increased its position in shares of US Concrete by 163.0% in the third quarter. Point72 Asset Management L.P. now owns 532,742 shares of the construction company’s stock worth $40,648,000 after purchasing an additional 330,177 shares during the period. Victory Capital Management Inc. increased its position in shares of US Concrete by 495.6% in the third quarter. Victory Capital Management Inc. now owns 379,520 shares of the construction company’s stock worth $28,958,000 after purchasing an additional 315,796 shares during the period. Macquarie Group Ltd. increased its position in shares of US Concrete by 131.8% in the third quarter. Macquarie Group Ltd. now owns 284,450 shares of the construction company’s stock worth $21,704,000 after purchasing an additional 161,759 shares during the period. Finally, Hood River Capital Management LLC increased its position in shares of US Concrete by 52.9% in the second quarter. Hood River Capital Management LLC now owns 386,412 shares of the construction company’s stock worth $30,353,000 after purchasing an additional 133,660 shares during the period.

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US Concrete Company Profile

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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