BidaskClub cut shares of US Concrete (NASDAQ:USCR) from a buy rating to a hold rating in a research note issued to investors on Thursday, BidAskClub reports.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of US Concrete from a sell rating to a hold rating in a research note on Thursday, May 16th. SunTrust Banks cut shares of US Concrete from a positive rating to a hold rating and set a $43.00 target price on the stock. in a research note on Wednesday, May 15th. Finally, ValuEngine raised shares of US Concrete from a sell rating to a hold rating in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $55.33.

Shares of USCR opened at $47.15 on Thursday. US Concrete has a 52-week low of $27.68 and a 52-week high of $65.85. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.06 and a current ratio of 1.25. The firm has a market cap of $786.59 million, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 1.67 and a beta of 1.23.

US Concrete (NASDAQ:USCR) last announced its earnings results on Thursday, May 9th. The construction company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). US Concrete had a return on equity of 8.76% and a net margin of 2.06%. The business had revenue of $333.10 million for the quarter, compared to analyst estimates of $342.80 million. During the same period last year, the firm earned ($0.23) EPS. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, analysts forecast that US Concrete will post 2.84 earnings per share for the current fiscal year.

In other news, EVP Niel L. Poulsen sold 5,782 shares of US Concrete stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $42.87, for a total transaction of $247,874.34. Following the transaction, the executive vice president now owns 9,575 shares in the company, valued at approximately $410,480.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO John E. Kunz sold 1,982 shares of US Concrete stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $47.33, for a total value of $93,808.06. Following the transaction, the chief financial officer now owns 12,592 shares in the company, valued at approximately $595,979.36. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,130 shares of company stock worth $821,487. Insiders own 4.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brinker Capital Inc. raised its holdings in shares of US Concrete by 3.1% during the 4th quarter. Brinker Capital Inc. now owns 11,435 shares of the construction company’s stock worth $403,000 after acquiring an additional 347 shares during the period. Principal Financial Group Inc. raised its holdings in shares of US Concrete by 88.4% during the 4th quarter. Principal Financial Group Inc. now owns 243,078 shares of the construction company’s stock worth $8,576,000 after acquiring an additional 114,072 shares during the period. Rhumbline Advisers raised its holdings in shares of US Concrete by 22.5% during the 4th quarter. Rhumbline Advisers now owns 45,010 shares of the construction company’s stock worth $1,588,000 after acquiring an additional 8,265 shares during the period. Essex Investment Management Co. LLC raised its holdings in shares of US Concrete by 233.5% during the 4th quarter. Essex Investment Management Co. LLC now owns 99,654 shares of the construction company’s stock worth $3,516,000 after acquiring an additional 69,770 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of US Concrete during the 1st quarter worth $225,000. Institutional investors and hedge funds own 95.71% of the company’s stock.

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

Featured Article: Asset Allocation

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 MarketBeat.com's FREE daily email newsletter.