U.S. Concrete Inc. (NASDAQ:USCR) traded up 2.7% during mid-day trading on Friday . The company traded as high as $66.60 and last traded at $66.57, with a volume of 134,038 shares traded. The stock had previously closed at $64.82.

A number of equities research analysts have recently issued reports on the stock. Citigroup Inc. reissued a “buy” rating on shares of U.S. Concrete in a report on Saturday, April 2nd. Zacks Investment Research raised shares of U.S. Concrete from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Wednesday, July 13th. Sidoti downgraded shares of U.S. Concrete from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. DA Davidson initiated coverage on shares of U.S. Concrete in a research note on Wednesday, June 8th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, BB&T Corp. initiated coverage on shares of U.S. Concrete in a research note on Thursday, April 21st. They issued a “buy” rating and a $80.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average price target of $78.40.

The company’s market cap is $979.26 million. The firm’s 50 day moving average price is $61.44 and its 200 day moving average price is $57.58.

U.S. Concrete (NASDAQ:USCR) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The business earned $245 million during the quarter, compared to the consensus estimate of $221.14 million. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. On average, analysts anticipate that U.S. Concrete Inc. will post $3.63 EPS for the current fiscal year.

In other U.S. Concrete news, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $66.63, for a total transaction of $433,095.00. Following the completion of the sale, the chief executive officer now directly owns 534,207 shares in the company, valued at approximately $35,594,212.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore P. Rossi sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 26th. The shares were sold at an average price of $63.98, for a total value of $255,920.00. Following the sale, the director now owns 28,662 shares of the company’s stock, valued at $1,833,794.76. The disclosure for this sale can be found here.

Several hedge funds and institutional investors recently made changes to their positions in the stock. OppenheimerFunds Inc. bought a new position in shares of U.S. Concrete during the fourth quarter worth about $18,610,000. Dimensional Fund Advisors LP increased its position in shares of U.S. Concrete by 47.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 427,365 shares of the company’s stock worth $22,505,000 after buying an additional 138,018 shares during the period. Principal Financial Group Inc. increased its position in shares of U.S. Concrete by 48.9% in the fourth quarter. Principal Financial Group Inc. now owns 278,687 shares of the company’s stock worth $14,676,000 after buying an additional 91,475 shares during the period. Cornerstone Capital Management Holdings LLC. increased its position in shares of U.S. Concrete by 34.0% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 113,636 shares of the company’s stock worth $5,984,000 after buying an additional 28,836 shares during the period. Finally, Nationwide Fund Advisors increased its position in shares of U.S. Concrete by 302.6% in the fourth quarter. Nationwide Fund Advisors now owns 37,098 shares of the company’s stock worth $1,954,000 after buying an additional 27,883 shares during the period.

U.S. Concrete, Inc is a producer of ready-mixed concrete in select markets in the United States. The Company operates through two segments: ready-mixed concrete and aggregate products. Its ready-mixed concrete engages in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

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