U.S. Concrete, Inc. (NASDAQ:USCR)’s stock price was down 5.8% during mid-day trading on Tuesday . The company traded as low as $62.59 and last traded at $62.83. Approximately 4,369 shares changed hands during trading, a decline of 99% from the average daily volume of 390,734 shares. The stock had previously closed at $66.72.
A number of research analysts recently issued reports on USCR shares. DA Davidson increased their price objective on U.S. Concrete from $30.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, February 25th. Zacks Investment Research upgraded U.S. Concrete from a “hold” rating to a “strong-buy” rating and set a $63.00 price target for the company in a research note on Wednesday, March 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $37.33.
The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 33.83 and a beta of 1.34. The company has a fifty day moving average of $61.60 and a two-hundred day moving average of $45.13. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.96 and a current ratio of 1.06.
In other U.S. Concrete news, VP Herbert A. Burton sold 500 shares of U.S. Concrete stock in a transaction on Wednesday, April 7th. The stock was sold at an average price of $65.60, for a total value of $32,800.00. Following the completion of the transaction, the vice president now directly owns 12,174 shares of the company’s stock, valued at approximately $798,614.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey W. Roberts sold 4,000 shares of U.S. Concrete stock in a transaction on Friday, March 12th. The shares were sold at an average price of $67.08, for a total value of $268,320.00. Following the completion of the transaction, the vice president now directly owns 23,618 shares of the company’s stock, valued at $1,584,295.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,100 shares of company stock valued at $333,436. 5.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC acquired a new position in U.S. Concrete in the 4th quarter valued at $680,000. AQR Capital Management LLC bought a new position in shares of U.S. Concrete in the 3rd quarter valued at $270,000. Pacer Advisors Inc. increased its stake in shares of U.S. Concrete by 29.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,455 shares of the construction company’s stock valued at $498,000 after purchasing an additional 2,855 shares during the last quarter. Kestra Private Wealth Services LLC increased its stake in shares of U.S. Concrete by 5.3% in the 4th quarter. Kestra Private Wealth Services LLC now owns 17,850 shares of the construction company’s stock valued at $703,000 after purchasing an additional 900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of U.S. Concrete by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 189,067 shares of the construction company’s stock valued at $5,491,000 after purchasing an additional 5,029 shares during the last quarter. 68.20% of the stock is owned by hedge funds and other institutional investors.
U.S. Concrete Company Profile (NASDAQ:USCR)
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, the U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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