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.

Several large investors have recently modified their holdings of the company. Texas Permanent School Fund boosted its holdings in shares of US Concrete by 2.7% during the first quarter. Texas Permanent School Fund now owns 10,738 shares of the construction company’s stock worth $445,000 after acquiring an additional 282 shares during the period. Advisory Services Network LLC boosted its holdings in shares of US Concrete by 15.0% during the second quarter. Advisory Services Network LLC now owns 2,873 shares of the construction company’s stock worth $142,000 after acquiring an additional 375 shares during the period. Comerica Bank boosted its holdings in shares of US Concrete by 2.8% during the first quarter. Comerica Bank now owns 16,073 shares of the construction company’s stock worth $705,000 after acquiring an additional 434 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of US Concrete during the second quarter worth approximately $29,000. Finally, John G Ullman & Associates Inc. boosted its holdings in shares of US Concrete by 9.7% during the second quarter. John G Ullman & Associates Inc. now owns 6,800 shares of the construction company’s stock worth $338,000 after acquiring an additional 600 shares during the period. Institutional investors own 97.75% of the company’s stock.

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.

Further Reading: What are the benefits of buying treasury bonds?

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.