US Concrete Inc (USCR) Position Cut by Systematic Financial Management LP

Systematic Financial Management LP cut its stake in US Concrete Inc (NASDAQ:USCR) by 0.7% during the 1st quarter, HoldingsChannel reports. The fund owned 323,985 shares of the construction company’s stock after selling 2,155 shares during the period. Systematic Financial Management LP’s holdings in US Concrete were worth $13,419,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LPL Financial LLC increased its holdings in US Concrete by 67.9% in the third quarter. LPL Financial LLC now owns 11,731 shares of the construction company’s stock worth $538,000 after buying an additional 4,743 shares during the last quarter. MetLife Investment Advisors LLC increased its holdings in US Concrete by 55.0% in 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 last quarter. Teachers Advisors LLC grew its holdings in US Concrete by 1.1% during the third quarter. Teachers Advisors LLC now owns 196,187 shares of the construction company’s stock valued at $8,995,000 after purchasing an additional 2,048 shares during the last quarter. Legal & General Group Plc grew its holdings in US Concrete by 8.9% during the third quarter. Legal & General Group Plc now owns 33,988 shares of the construction company’s stock valued at $1,574,000 after purchasing an additional 2,787 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in US Concrete by 0.5% during the third quarter. Vanguard Group Inc. now owns 965,285 shares of the construction company’s stock valued at $44,257,000 after purchasing an additional 4,441 shares during the last quarter. 99.27% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ USCR traded down $1.87 during midday trading on Monday, reaching $47.93. 2,189 shares of the company traded hands, compared to its average volume of 217,641. The stock has a market cap of $795.27 million, a PE ratio of 24.79, a PEG ratio of 1.77 and a beta of 1.29. US Concrete Inc has a 12 month low of $27.68 and a 12 month high of $65.85. The company has a debt-to-equity ratio of 2.03, a quick ratio of 1.08 and a current ratio of 1.28.

US Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Thursday, May 9th. The construction company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $333.10 million for the quarter, compared to the consensus estimate of $342.80 million. US Concrete had a net margin of 2.06% and a return on equity of 8.79%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.23) earnings per share. Analysts predict that US Concrete Inc will post 2.67 earnings per share for the current year.

In related news, EVP Niel L. Poulsen sold 5,782 shares of US Concrete stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $42.87, for a total value of $247,874.34. Following the completion of the transaction, the executive vice president now directly owns 9,575 shares of the company’s stock, valued at $410,480.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kevin Kohutek sold 5,100 shares of US Concrete stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $40.75, for a total value of $207,825.00. Following the completion of the transaction, the vice president now directly owns 5,637 shares of the company’s stock, valued at $229,707.75. The disclosure for this sale can be found here. Insiders sold 15,432 shares of company stock valued at $643,221 over the last ninety days. 4.70% of the stock is currently owned by company insiders.

Several equities analysts have commented on the company. BidaskClub downgraded US Concrete from a “strong-buy” rating to a “buy” rating in a report on Friday, May 3rd. ValuEngine upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, March 5th. Finally, SunTrust Banks downgraded shares of US Concrete from a “buy” rating to a “hold” rating and set a $37.55 price objective on the stock. in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.52.

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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, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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