NJ State Employees Deferred Compensation Plan bought a new stake in shares of U S Concrete, Inc. (NASDAQ:USCR) during the second quarter, Holdings Channel reports. The institutional investor bought 7,000 shares of the construction company’s stock, valued at approximately $550,000.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of U S Concrete by 155,863.7% in the first quarter. BlackRock Inc. now owns 1,740,555 shares of the construction company’s stock valued at $112,353,000 after buying an additional 1,739,439 shares during the last quarter. ACK Asset Management LLC bought a new position in U S Concrete during the first quarter valued at $16,053,000. Scopus Asset Management L.P. boosted its position in U S Concrete by 1,018.2% in the first quarter. Scopus Asset Management L.P. now owns 264,590 shares of the construction company’s stock valued at $17,079,000 after buying an additional 240,928 shares during the period. SG Capital Management LLC bought a new position in U S Concrete during the second quarter valued at $17,067,000. Finally, Russell Investments Group Ltd. boosted its position in U S Concrete by 113.3% in the second quarter. Russell Investments Group Ltd. now owns 371,742 shares of the construction company’s stock valued at $29,201,000 after buying an additional 197,428 shares during the period.

U S Concrete, Inc. (USCR) opened at 77.80 on Tuesday. U S Concrete, Inc. has a 12-month low of $42.82 and a 12-month high of $80.45. The firm has a market cap of $1.21 billion, a PE ratio of 49.97 and a beta of 1.22. The stock has a 50 day moving average of $76.85 and a 200 day moving average of $68.40.

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Several research analysts have recently weighed in on USCR shares. Zacks Investment Research upgraded shares of U S Concrete from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. TheStreet upgraded shares of U S Concrete from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, BidaskClub upgraded shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. U S Concrete has an average rating of “Buy” and a consensus price target of $78.00.

In other news, VP Jeffrey W. Roberts sold 2,394 shares of U S Concrete stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $68.00, for a total value of $162,792.00. Following the completion of the sale, the vice president now owns 34,422 shares in the company, valued at approximately $2,340,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $68.08, for a total transaction of $442,520.00. Following the completion of the sale, the chief executive officer now owns 438,617 shares of the company’s stock, valued at approximately $29,861,045.36. The disclosure for this sale can be found here. Insiders sold a total of 23,294 shares of company stock valued at $1,719,658 in the last quarter. 5.90% of the stock is currently owned by company insiders.

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.

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

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