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.

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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.

Insider Buying and Selling by Quarter for US Concrete (NASDAQ:USCR)

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