US Concrete Inc (NASDAQ:USCR) VP Kevin Kohutek sold 5,100 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $40.75, for a total value of $207,825.00. Following the completion of the sale, the vice president now owns 5,637 shares in the company, valued at $229,707.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
NASDAQ:USCR traded up $0.49 during midday trading on Friday, hitting $41.48. The stock had a trading volume of 242,163 shares, compared to its average volume of 331,606. US Concrete Inc has a one year low of $27.68 and a one year high of $65.85. The stock has a market cap of $678.99 million, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.49 and a beta of 1.25. The company has a quick ratio of 1.08, a current ratio of 1.28 and a debt-to-equity ratio of 2.03.
US Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.03). The firm had revenue of $370.10 million during the quarter, compared to the consensus estimate of $378.31 million. US Concrete had a return on equity of 9.79% and a net margin of 1.99%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the company earned $0.50 EPS. On average, sell-side analysts anticipate that US Concrete Inc will post 2.79 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Cutler Group LP lifted its holdings in US Concrete by 136.2% during the fourth quarter. Cutler Group LP now owns 5,285 shares of the construction company’s stock worth $186,000 after buying an additional 19,867 shares during the period. NJ State Employees Deferred Compensation Plan purchased a new stake in US Concrete during the fourth quarter worth $318,000. Rehmann Capital Advisory Group purchased a new stake in US Concrete during the third quarter worth $136,000. Assenagon Asset Management S.A. purchased a new stake in US Concrete during the fourth quarter worth $297,000. Finally, MetLife Investment Advisors LLC lifted its holdings in US Concrete by 55.0% during the third quarter. MetLife Investment Advisors LLC now owns 11,186 shares of the construction company’s stock worth $513,000 after buying an additional 3,969 shares during the period. Institutional investors own 99.63% of the company’s stock.
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About US Concrete
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 and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.
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