Insider Selling: US Concrete Inc (USCR) VP Sells 5,100 Shares of Stock

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.

A number of research firms have recently commented on USCR. ValuEngine raised US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. BidaskClub raised US Concrete from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Citigroup cut their target price on US Concrete from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. SunTrust Banks cut their target price on US Concrete to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Finally, DA Davidson cut their target price on US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $64.51.

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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