Geode Capital Management LLC Has $11.68 Million Holdings in U.S. Concrete, Inc (USCR)

Geode Capital Management LLC raised its stake in shares of U.S. Concrete, Inc (NASDAQ:USCR) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 139,645 shares of the construction company’s stock after purchasing an additional 5,556 shares during the period. Geode Capital Management LLC owned 0.84% of U.S. Concrete worth $11,681,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in USCR. Point72 Asset Management L.P. raised its position in U.S. Concrete by 163.0% during the 3rd quarter. Point72 Asset Management L.P. now owns 532,742 shares of the construction company’s stock worth $40,648,000 after purchasing an additional 330,177 shares during the last quarter. Hood River Capital Management LLC raised its position in shares of U.S. Concrete by 4,650.5% in the 4th quarter. Hood River Capital Management LLC now owns 215,671 shares of the construction company’s stock worth $18,041,000 after acquiring an additional 211,131 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of U.S. Concrete by 52.4% in the 4th quarter. Victory Capital Management Inc. now owns 578,200 shares of the construction company’s stock worth $48,366,000 after acquiring an additional 198,680 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of U.S. Concrete by 18.6% in the 4th quarter. Bank of New York Mellon Corp now owns 1,104,295 shares of the construction company’s stock worth $92,373,000 after acquiring an additional 173,567 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of U.S. Concrete by 4.2% in the 4th quarter. BlackRock Inc. now owns 1,949,913 shares of the construction company’s stock worth $163,110,000 after acquiring an additional 78,135 shares in the last quarter.

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Several research analysts have recently weighed in on USCR shares. BidaskClub lowered U.S. Concrete from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Stephens reissued a “buy” rating and issued a $84.00 price objective on shares of U.S. Concrete in a research report on Tuesday, March 6th. Zacks Investment Research lowered U.S. Concrete from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. DA Davidson lowered their price objective on U.S. Concrete to $98.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. Finally, TheStreet lowered U.S. Concrete from a “b” rating to a “c” rating in a research report on Wednesday, March 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $88.60.

Shares of U.S. Concrete stock opened at $59.35 on Monday. U.S. Concrete, Inc has a one year low of $58.10 and a one year high of $86.35. The stock has a market capitalization of $998.33, a P/E ratio of 21.90, a PEG ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.50 and a quick ratio of 1.26.

U.S. Concrete (NASDAQ:USCR) last issued its earnings results on Thursday, March 1st. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.27). U.S. Concrete had a net margin of 1.91% and a return on equity of 17.54%. The firm had revenue of $341.35 million during the quarter, compared to the consensus estimate of $354.33 million. During the same period in the previous year, the firm earned $0.82 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. analysts expect that U.S. Concrete, Inc will post 4.75 EPS for the current fiscal year.

In other U.S. Concrete news, COO Ronnie A. Pruitt sold 500 shares of U.S. Concrete stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $83.15, for a total transaction of $41,575.00. Following the completion of the transaction, the chief operating officer now owns 17,656 shares in the company, valued at approximately $1,468,096.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William J. Sandbrook sold 9,000 shares of U.S. Concrete stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $82.38, for a total value of $741,420.00. Following the transaction, the insider now owns 423,710 shares of the company’s stock, valued at approximately $34,905,229.80. The disclosure for this sale can be found here. Insiders sold a total of 29,840 shares of company stock valued at $2,177,909 over the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

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U.S. 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 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.

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

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