U.S. Concrete Inc. (NASDAQ:USCR) shares rose 2.8% during trading on Monday . The company traded as high as $56.79 and last traded at $56.59, with a volume of 439,277 shares trading hands. The stock had previously closed at $55.06.

USCR has been the topic of a number of recent research reports. Sidoti upgraded U.S. Concrete from a “neutral” rating to a “buy” rating and increased their price objective for the company from $72.00 to $90.00 in a research report on Friday, June 10th. DA Davidson initiated coverage on U.S. Concrete in a research report on Wednesday, June 8th. They issued a “buy” rating and a $80.00 price objective on the stock. Zacks Investment Research upgraded U.S. Concrete from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Wednesday, July 13th. Finally, SunTrust Banks Inc. assumed coverage on U.S. Concrete in a research report on Monday, August 8th. They issued a “buy” rating and a $75.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $77.83.

The company’s market cap is $849.10 million. The firm’s 50-day moving average price is $60.89 and its 200-day moving average price is $59.98.

U.S. Concrete (NASDAQ:USCR) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.95 by $0.41. The business had revenue of $275.80 million for the quarter, compared to analyst estimates of $297.94 million. U.S. Concrete’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast that U.S. Concrete Inc. will post $3.15 earnings per share for the current year.

In other news, EVP Niel L. Poulsen acquired 18,000 shares of the stock in a transaction on Monday, August 8th. The stock was acquired at an average cost of $56.00 per share, for a total transaction of $1,008,000.00. Following the completion of the transaction, the executive vice president now directly owns 41,481 shares in the company, valued at $2,322,936. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $64.19, for a total transaction of $417,235.00. Following the transaction, the chief executive officer now owns 524,584 shares of the company’s stock, valued at $33,673,046.96. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in the stock. US Bancorp DE increased its position 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. Schwab Charles Investment Management Inc. increased its position in shares of U.S. Concrete by 8.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 46,049 shares of the company’s stock valued at $2,425,000 after buying an additional 3,570 shares in the last quarter. California Public Employees Retirement System increased its position 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. Finally, 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 valued at $14,676,000 after buying an additional 91,475 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.

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