Ronnie A. Pruitt Sells 500 Shares of US Concrete Inc (USCR) Stock
US Concrete Inc (NASDAQ:USCR) COO Ronnie A. Pruitt sold 500 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $80.20, for a total value of $40,100.00. Following the transaction, the chief operating officer now directly owns 18,156 shares in the company, valued at approximately $1,456,111.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
US Concrete Inc (NASDAQ USCR) opened at $82.85 on Thursday. US Concrete Inc has a 52 week low of $57.95 and a 52 week high of $86.35. The firm has a market capitalization of $1,370.00, a price-to-earnings ratio of 110.47, a price-to-earnings-growth ratio of 2.60 and a beta of 1.31. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35.
US Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The business had revenue of $354.60 million for the quarter, compared to analysts’ expectations of $364.16 million. US Concrete had a return on equity of 22.33% and a net margin of 0.99%. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.19 EPS. sell-side analysts expect that US Concrete Inc will post 3.11 earnings per share for the current year.
A number of brokerages have weighed in on USCR. BidaskClub raised US Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine raised US Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. DA Davidson reissued a “buy” rating on shares of US Concrete in a research note on Monday, December 4th. Zacks Investment Research lowered US Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $98.00 price target on shares of US Concrete in a research note on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $89.00.
Several hedge funds have recently added to or reduced their stakes in USCR. Ameritas Investment Partners Inc. increased its holdings in shares of US Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after buying an additional 177 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of US Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after buying an additional 53 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of US Concrete during the 3rd quarter worth $210,000. Peregrine Asset Advisers Inc. acquired a new stake in shares of US Concrete during the 2nd quarter worth $212,000. Finally, Commonwealth Equity Services Inc acquired a new stake in shares of US Concrete during the 3rd quarter worth $217,000.
TRADEMARK VIOLATION WARNING: “Ronnie A. Pruitt Sells 500 Shares of US Concrete Inc (USCR) Stock” was originally posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://theolympiareport.com/2017/12/28/ronnie-a-pruitt-sells-500-shares-of-us-concrete-inc-uscr-stock.html.
US Concrete Company 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.
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 Analyst Ratings Network's FREE daily email newsletter.