Colin Mcgill Sutherland Sells 130 Shares of US Concrete Inc (USCR) Stock

US Concrete Inc (NASDAQ:USCR) Director Colin Mcgill Sutherland sold 130 shares of US Concrete stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $82.90, for a total transaction of $10,777.00. Following the completion of the transaction, the director now directly owns 12,475 shares of the company’s stock, valued at $1,034,177.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Colin Mcgill Sutherland also recently made the following trade(s):

  • On Monday, December 4th, Colin Mcgill Sutherland sold 1,400 shares of US Concrete stock. The stock was sold at an average price of $83.28, for a total transaction of $116,592.00.

Shares of US Concrete Inc (NASDAQ USCR) traded down $2.25 during mid-day trading on Tuesday, hitting $79.45. 356,902 shares of the stock were exchanged, compared to its average volume of 317,320. US Concrete Inc has a 52-week low of $57.95 and a 52-week high of $86.35. The company has a market capitalization of $1,360.00, a price-to-earnings ratio of 105.93, a PEG ratio of 1.84 and a beta of 1.31. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm earned $1.19 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. sell-side analysts forecast that US Concrete Inc will post 3.09 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Copper Rock Capital Partners LLC grew its stake in shares of US Concrete by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 356,105 shares of the construction company’s stock worth $29,610,000 after acquiring an additional 12,412 shares during the period. GSA Capital Partners LLP bought a new stake in shares of US Concrete in the third quarter worth approximately $670,000. Argent Capital Management LLC grew its stake in shares of US Concrete by 39.0% in the third quarter. Argent Capital Management LLC now owns 42,075 shares of the construction company’s stock worth $3,210,000 after acquiring an additional 11,800 shares during the period. California Public Employees Retirement System grew its stake in shares of US Concrete by 5.9% in the third quarter. California Public Employees Retirement System now owns 21,177 shares of the construction company’s stock worth $1,616,000 after acquiring an additional 1,177 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of US Concrete by 344.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,208 shares of the construction company’s stock worth $626,000 after acquiring an additional 6,362 shares during the period.

USCR has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating on shares of US Concrete in a report on Monday, December 4th. Zacks Investment Research cut shares of US Concrete from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine cut shares of US Concrete from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price on shares of US Concrete in a report on Thursday, September 28th. Finally, BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. US Concrete has a consensus rating of “Buy” and an average target price of $89.00.

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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.

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

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