Teachers Advisors LLC increased its holdings in U S Concrete, Inc. (NASDAQ:USCR) by 4.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,981 shares of the construction company’s stock after buying an additional 1,809 shares during the quarter. Teachers Advisors LLC owned 0.26% of U S Concrete worth $3,219,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of U S Concrete by 1.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock worth $352,000 after buying an additional 66 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of U S Concrete by 2.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,250 shares of the construction company’s stock worth $210,000 after buying an additional 70 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of U S Concrete by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock worth $479,000 after buying an additional 100 shares during the last quarter. Greenwood Capital Associates LLC boosted its holdings in shares of U S Concrete by 1.9% in the second quarter. Greenwood Capital Associates LLC now owns 6,066 shares of the construction company’s stock worth $476,000 after buying an additional 114 shares during the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of U S Concrete by 0.5% in the second quarter. Prudential Financial Inc. now owns 25,570 shares of the construction company’s stock worth $2,009,000 after buying an additional 130 shares during the last quarter.

In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the sale, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP David Andrew Behring sold 361 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the sale, the vice president now owns 10,804 shares in the company, valued at approximately $881,174.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,561 shares of company stock worth $1,110,748. Insiders own 5.90% of the company’s stock.

USCR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised shares of U S Concrete from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Citigroup Inc. raised their price objective on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price objective on shares of U S Concrete in a report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. U S Concrete currently has a consensus rating of “Buy” and an average target price of $89.00.

U S Concrete, Inc. (NASDAQ:USCR) opened at 77.80 on Tuesday. The stock has a market cap of $1.22 billion, a P/E ratio of 49.30 and a beta of 1.21. The firm’s 50-day moving average is $75.90 and its 200 day moving average is $72.54. U S Concrete, Inc. has a one year low of $45.05 and a one year high of $83.85.

U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.09. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. The business had revenue of $340.90 million for the quarter, compared to analyst estimates of $342.60 million. During the same quarter in the prior year, the firm posted $0.54 EPS. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, analysts anticipate that U S Concrete, Inc. will post $3.88 EPS for the current fiscal year.

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U S Concrete Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

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Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

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