Dubuque Bank & Trust Co. boosted its position in shares of U S Concrete, Inc. (NASDAQ:USCR) by 105.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,365 shares of the construction company’s stock after buying an additional 2,755 shares during the period. Dubuque Bank & Trust Co.’s holdings in U S Concrete were worth $421,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of USCR. New Jersey Better Educational Savings Trust bought a new stake in shares of U S Concrete during the first quarter worth $516,000. Mesirow Financial Investment Management Equity Management raised its stake in shares of U S Concrete by 15.8% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 6,445 shares of the construction company’s stock worth $416,000 after buying an additional 880 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of U S Concrete by 5.2% in the first quarter. State of Alaska Department of Revenue now owns 1,610 shares of the construction company’s stock worth $103,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of U S Concrete by 5.3% in the first quarter. Louisiana State Employees Retirement System now owns 6,000 shares of the construction company’s stock worth $387,000 after buying an additional 300 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of U S Concrete during the first quarter worth $278,000.

Shares of U S Concrete, Inc. (NASDAQ:USCR) traded down 0.13% during mid-day trading on Friday, hitting $78.05. 107,389 shares of the stock were exchanged. U S Concrete, Inc. has a 1-year low of $42.82 and a 1-year high of $80.45. The company’s 50-day moving average is $74.87 and its 200-day moving average is $67.47. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 50.13 and a beta of 1.24.

U S Concrete (NASDAQ:USCR) last issued its quarterly earnings data on Thursday, May 4th. The construction company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.44. U S Concrete had a net margin of 2.11% and a return on equity of 24.23%. The firm had revenue of $299.10 million for the quarter, compared to analyst estimates of $274.88 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Equities research analysts anticipate that U S Concrete, Inc. will post $3.82 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub raised shares of U S Concrete from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Finally, TheStreet raised shares of U S Concrete from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. U S Concrete has a consensus rating of “Buy” and an average price target of $78.00.

In other news, CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $78.91, for a total value of $512,915.00. Following the transaction, the chief executive officer now owns 434,069 shares of the company’s stock, valued at approximately $34,252,384.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jeffrey W. Roberts sold 2,394 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $68.00, for a total transaction of $162,792.00. Following the completion of the transaction, the vice president now directly owns 34,422 shares in the company, valued at approximately $2,340,696. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,844 shares of company stock worth $1,599,583. Insiders own 5.90% of the company’s stock.

U S Concrete Company 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.

Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

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