Emerald Advisers Inc. PA lessened its holdings in shares of U S Concrete, Inc. (NASDAQ:USCR) by 2.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 363,192 shares of the construction company’s stock after selling 10,694 shares during the period. U S Concrete accounts for 1.1% of Emerald Advisers Inc. PA’s portfolio, making the stock its 27th largest position. Emerald Advisers Inc. PA owned 2.31% of U S Concrete worth $27,712,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Group LLC acquired a new position in shares of U S Concrete in the 2nd quarter valued at $400,000. Bank of New York Mellon Corp grew its holdings in shares of U S Concrete by 34.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 903,180 shares of the construction company’s stock valued at $70,945,000 after buying an additional 231,798 shares during the period. American Century Companies Inc. acquired a new position in shares of U S Concrete in the 2nd quarter valued at $2,994,000. AGF Investments Inc. grew its holdings in shares of U S Concrete by 8.5% in the 2nd quarter. AGF Investments Inc. now owns 122,451 shares of the construction company’s stock valued at $9,624,000 after buying an additional 9,602 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of U S Concrete by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 552,043 shares of the construction company’s stock valued at $35,634,000 after buying an additional 20,254 shares during the period.
In other news, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the transaction, the chief executive officer now owns 412,091 shares of the company’s stock, valued at $31,236,497.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Andrew Behring sold 361 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the transaction, the vice president now directly owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The disclosure for this sale can be found here. In the last three months, insiders sold 8,061 shares of company stock valued at $614,718. 5.90% of the stock is owned by insiders.
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U S Concrete, Inc. (USCR) traded down $0.45 during midday trading on Friday, hitting $78.95. 212,600 shares of the company traded hands, compared to its average volume of 328,683. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market cap of $1,310.00, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32. U S Concrete, Inc. has a twelve month low of $55.05 and a twelve month high of $83.85.
U S Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). The company had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. U S Concrete’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 EPS. equities research analysts predict that U S Concrete, Inc. will post 3.11 earnings per share for the current year.
Several equities research analysts have commented on the stock. BidaskClub cut shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut shares of U S Concrete from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. increased their price target on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $98.00 price target on shares of U S Concrete in a report on Thursday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $89.00.
U S Concrete 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.
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