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

Several analysts recently issued reports on the stock. Citigroup Inc. reaffirmed a “buy” rating on shares of U.S. Concrete in a research note 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 price objective for the company in a research note on Wednesday, July 13th. Sidoti raised shares of U.S. Concrete from a “neutral” rating to a “buy” rating and upped their price objective for the company from $72.00 to $90.00 in a research note on Friday, June 10th. DA Davidson assumed coverage on shares of U.S. Concrete in a research note on Wednesday, June 8th. They set a “buy” rating and a $80.00 price objective for the company. Finally, BB&T Corp. assumed coverage on shares of U.S. Concrete in a research note on Thursday, April 21st. They set a “buy” rating and a $80.00 price objective for the company. Seven investment analysts have rated the stock with a buy rating, U.S. Concrete presently has an average rating of “Buy” and a consensus target price of $78.40.

The firm’s 50 day moving average is $61.55 and its 200-day moving average is $57.71. The stock’s market capitalization is $979.26 million.

U.S. Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The firm earned $245 million during the quarter, compared to analyst estimates of $221.14 million. U.S. Concrete’s revenue was up 43.0% compared to the same quarter last year. Equities analysts forecast that U.S. Concrete Inc. will post $3.63 earnings per share for the current year.

In other news, VP Kevin Kohutek sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $66.15, for a total value of $330,750.00. Following the completion of the transaction, the vice president now owns 11,111 shares of the company’s stock, valued at $734,992.65. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Niel L. Poulsen sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $66.00, for a total transaction of $1,056,000.00. Following the completion of the transaction, the executive vice president now directly owns 38,981 shares of the company’s stock, valued at approximately $2,572,746. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Russell Frank Co raised its position in U.S. Concrete by 7.3% in the fourth quarter. Russell Frank Co now owns 114,950 shares of the company’s stock worth $5,994,000 after buying an additional 7,823 shares in the last quarter. Nationwide Fund Advisors raised its position in 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 in the last quarter. California State Teachers Retirement System raised its position in U.S. Concrete by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 27,039 shares of the company’s stock worth $1,424,000 after buying an additional 400 shares in the last quarter. California Public Employees Retirement System raised its position in U.S. Concrete by 11.4% in the fourth quarter. California Public Employees Retirement System now owns 57,800 shares of the company’s stock worth $3,044,000 after buying an additional 5,900 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in U.S. Concrete by 14.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,900 shares of the company’s stock worth $1,205,000 after buying an additional 2,924 shares in the last quarter.

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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