Insider Selling: US Concrete Inc (NASDAQ:USCR) VP Sells 1,268 Shares of Stock
US Concrete Inc (NASDAQ:USCR) VP Herbert A. Burton sold 1,268 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $47.69, for a total value of $60,470.92. Following the transaction, the vice president now directly owns 5,681 shares in the company, valued at approximately $270,926.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ USCR traded up $0.34 during trading on Friday, reaching $47.68. 120,200 shares of the company’s stock were exchanged, compared to its average volume of 261,997. US Concrete Inc has a fifty-two week low of $27.68 and a fifty-two week high of $54.95. The stock has a market capitalization of $783.34 million, a P/E ratio of 24.70 and a beta of 1.29. The business has a 50 day moving average price of $44.50 and a 200-day moving average price of $45.47. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.29 and a quick ratio of 1.09.
US Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Friday, August 9th. The construction company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.62). US Concrete had a return on equity of 3.05% and a net margin of 1.06%. The firm had revenue of $367.50 million for the quarter, compared to the consensus estimate of $408.18 million. During the same quarter in the prior year, the firm earned $1.08 EPS. The company’s revenue was down 9.1% on a year-over-year basis. On average, analysts forecast that US Concrete Inc will post 2.31 earnings per share for the current year.
A number of equities analysts have weighed in on USCR shares. BidaskClub downgraded US Concrete from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. Stifel Nicolaus downgraded US Concrete from a “buy” rating to a “hold” rating and boosted their price target for the stock from $51.00 to $53.00 in a research report on Thursday, July 18th. Zacks Investment Research reissued a “sell” rating on shares of US Concrete in a research report on Saturday, July 27th. Finally, ValuEngine downgraded US Concrete from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $54.60.
US Concrete Company Profile
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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