Kirr Marbach & Co. LLC IN purchased a new position in shares of U S Concrete, Inc. (NASDAQ:USCR) during the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 4,568 shares of the construction company’s stock, valued at approximately $359,000.
A number of other large investors also recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its stake in shares of U S Concrete by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,610 shares of the construction company’s stock worth $103,000 after buying an additional 80 shares during the period. Crow Point Partners LLC bought a new stake in shares of U S Concrete during the second quarter worth $147,000. Dubuque Bank & Trust Co. bought a new stake in shares of U S Concrete during the first quarter worth $168,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of U S Concrete by 2.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 3,250 shares of the construction company’s stock worth $210,000 after buying an additional 70 shares during the period. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of U S Concrete during the first quarter worth $213,000.
Shares of U S Concrete, Inc. (NASDAQ USCR) traded down 2.03% during midday trading on Thursday, reaching $77.15. 59,355 shares of the company were exchanged. U S Concrete, Inc. has a 52-week low of $42.82 and a 52-week high of $80.45. The stock’s 50-day moving average price is $74.53 and its 200-day moving average price is $67.39. The company has a market capitalization of $1.20 billion, a PE ratio of 49.55 and a beta of 1.24.
U S Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Thursday, May 4th. The construction company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.44. The company had revenue of $299.10 million during the quarter, compared to analyst estimates of $274.88 million. U S Concrete had a net margin of 2.11% and a return on equity of 24.23%. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the business earned $0.31 EPS. Analysts anticipate that U S Concrete, Inc. will post $3.82 EPS for the current year.
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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. TheStreet raised shares of U S Concrete from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, BidaskClub raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. U S Concrete presently has an average rating of “Buy” and a consensus price target of $78.00.
In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $68.08, for a total transaction of $442,520.00. Following the completion of the transaction, the chief executive officer now directly owns 438,617 shares of the company’s stock, valued at approximately $29,861,045.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Jeffrey W. Roberts sold 2,394 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $68.00, for a total transaction of $162,792.00. Following the transaction, the vice president now directly owns 34,422 shares of the company’s stock, valued at $2,340,696. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,844 shares of company stock valued at $1,599,583. 5.90% of the stock is owned by company insiders.
About U S Concrete
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.
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