Shares of U.S. Concrete Inc. (NASDAQ:USCR) were down 3.3% during trading on Wednesday . The stock traded as low as $54.63 and last traded at $54.90, with a volume of 282,891 shares changing hands. The stock had previously closed at $56.79.

Several analysts recently commented on USCR shares. BB&T Corp. started coverage on shares of U.S. Concrete in a research report on Thursday, April 21st. They issued a “buy” rating and a $80.00 price target for the company. Zacks Investment Research upgraded shares of U.S. Concrete from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, July 13th. DA Davidson began coverage on shares of U.S. Concrete in a research report on Wednesday, June 8th. They issued a “buy” rating and a $80.00 price target for the company. SunTrust Banks Inc. initiated coverage on shares of U.S. Concrete in a research report on Monday, August 8th. They set a “buy” rating and a $75.00 price objective for the company. Finally, Sidoti upgraded shares of U.S. Concrete from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $72.00 to $90.00 in a research report on Friday, June 10th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $77.83.

The firm has a 50-day moving average price of $61.16 and a 200-day moving average price of $59.60. The company’s market cap is $818.81 million.

U.S. Concrete (NASDAQ:USCR) last released its earnings results on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.41. The business earned $275.80 million during the quarter, compared to the consensus estimate of $297.94 million. The business’s revenue was up 12.7% on a year-over-year basis. Equities analysts predict that U.S. Concrete Inc. will post $3.15 earnings per share for the current year.

In other news, CEO William J. Sandbrook sold 6,500 shares of U.S. Concrete stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $66.07, for a total transaction of $429,455.00. Following the completion of the sale, the chief executive officer now directly owns 509,867 shares in the company, valued at approximately $33,686,912.69. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Theodore P. Rossi sold 4,000 shares of U.S. Concrete 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 large investors have recently made changes to their positions in USCR. California Public Employees Retirement System raised its stake in shares of 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 valued at $3,044,000 after buying an additional 5,900 shares in the last quarter. Principal Financial Group Inc. raised its stake 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 valued at $14,676,000 after buying an additional 91,475 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of U.S. Concrete by 13.3% in the fourth quarter. US Bancorp DE now owns 24,630 shares of the company’s stock valued at $1,297,000 after buying an additional 2,883 shares in the last quarter.

U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.