GMT Capital Corp raised its position in US Concrete Inc (NASDAQ:USCR) by 19.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 384,700 shares of the construction company’s stock after purchasing an additional 62,000 shares during the quarter. GMT Capital Corp owned 2.29% of US Concrete worth $20,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its position in shares of US Concrete by 1,706.1% in the second quarter. Advisory Services Network LLC now owns 2,059 shares of the construction company’s stock valued at $105,000 after acquiring an additional 1,945 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of US Concrete in the second quarter valued at about $154,000. SG Americas Securities LLC acquired a new stake in shares of US Concrete in the second quarter valued at about $181,000. GSA Capital Partners LLP acquired a new stake in shares of US Concrete in the first quarter valued at about $205,000. Finally, Stevens Capital Management LP acquired a new stake in shares of US Concrete in the second quarter valued at about $230,000.

In other US Concrete news, Chairman William J. Sandbrook sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $50.39, for a total transaction of $453,510.00. Following the transaction, the chairman now owns 403,915 shares of the company’s stock, valued at $20,353,276.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kurt Matthew Cellar purchased 2,000 shares of the stock in a transaction on Tuesday, September 4th. The shares were acquired at an average cost of $48.30 per share, for a total transaction of $96,600.00. Following the transaction, the director now owns 45,309 shares of the company’s stock, valued at $2,188,424.70. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 8,650 shares of company stock worth $424,178 and have sold 18,390 shares worth $936,288. 5.30% of the stock is owned by insiders.

A number of analysts recently issued reports on the company. BidaskClub raised US Concrete from a “strong sell” rating to a “sell” rating in a research report on Friday. ValuEngine downgraded US Concrete from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 26th. Citigroup lowered their target price on US Concrete from $77.00 to $74.00 and set a “$53.95” rating on the stock in a research report on Monday, July 23rd. Finally, SunTrust Banks set a $70.00 target price on US Concrete and gave the company a “buy” rating in a research report on Monday, August 6th. Three analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $81.33.

Shares of NASDAQ USCR opened at $51.15 on Tuesday. The company has a market cap of $845.10 million, a price-to-earnings ratio of 21.57, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.21 and a current ratio of 1.41. US Concrete Inc has a twelve month low of $44.00 and a twelve month high of $86.35.

US Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.21). The business had revenue of $404.20 million for the quarter, compared to analyst estimates of $390.55 million. US Concrete had a return on equity of 12.82% and a net margin of 2.34%. US Concrete’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. analysts anticipate that US Concrete Inc will post 3.63 earnings per share for the current fiscal year.

US Concrete Profile

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.

Further Reading: Outstanding Shares and The Effect on Share Price

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

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