BidaskClub Lowers U S Concrete, Inc. (NASDAQ:USCR) to Buy

U S Concrete, Inc. (NASDAQ:USCR) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

A number of other equities analysts have also recently commented on USCR. 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. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $78.00.

Shares of U S Concrete (NASDAQ:USCR) traded up 0.71% during mid-day trading on Tuesday, hitting $78.10. 115,661 shares of the stock were exchanged. The firm has a 50-day moving average price of $75.44 and a 200 day moving average price of $67.68. The company has a market capitalization of $1.21 billion, a PE ratio of 50.16 and a beta of 1.24. U S Concrete has a 12-month low of $42.82 and a 12-month high of $80.45.

U S Concrete (NASDAQ:USCR) last released its earnings results on Thursday, May 4th. The construction company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.44. U S Concrete had a net margin of 2.11% and a return on equity of 24.23%. The business had revenue of $299.10 million during the quarter, compared to analysts’ expectations of $274.88 million. During the same period last year, the business earned $0.31 earnings per share. The firm’s revenue was up 22.1% on a year-over-year basis. On average, equities research analysts expect that U S Concrete will post $3.82 earnings per share for the current year.

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In other news, VP Jeffrey W. Roberts sold 2,394 shares of U S Concrete 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 completion of the sale, the vice president now owns 34,422 shares of the company’s stock, valued at $2,340,696. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $78.91, for a total value of $512,915.00. Following the sale, the chief executive officer now directly owns 434,069 shares of the company’s stock, valued at approximately $34,252,384.79. The disclosure for this sale can be found here. Insiders have sold 22,844 shares of company stock valued at $1,599,583 in the last three months. Insiders own 5.90% of the company’s stock.

Several large investors have recently bought and sold shares of USCR. Dubuque Bank & Trust Co. purchased a new stake in U S Concrete during the first quarter worth $168,000. Mesirow Financial Investment Management Equity Management increased its position in U S Concrete by 15.8% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 6,445 shares of the construction company’s stock worth $416,000 after buying an additional 880 shares during the period. State of Alaska Department of Revenue increased its position in 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. Louisiana State Employees Retirement System increased its position in U S Concrete by 5.3% in the first quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the construction company’s stock worth $387,000 after buying an additional 300 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in U S Concrete during the first quarter worth approximately $278,000.

U S Concrete Company Profile

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.