Louisiana State Employees Retirement System raised its stake in U S Concrete, Inc. (NASDAQ:USCR) by 1.7% during the second quarter, Holdings Channel reports. The fund owned 6,100 shares of the construction company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in U S Concrete were worth $479,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position 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. Vanguard Group Inc. raised its position in shares of U S Concrete by 9.0% in the first quarter. Vanguard Group Inc. now owns 779,751 shares of the construction company’s stock valued at $50,332,000 after buying an additional 64,092 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of U S Concrete by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 552,043 shares of the construction company’s stock valued at $35,634,000 after buying an additional 20,254 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in shares of U S Concrete by 57.8% in the first quarter. Tocqueville Asset Management L.P. now owns 494,790 shares of the construction company’s stock valued at $31,939,000 after buying an additional 181,175 shares during the last quarter. Finally, Emerald Advisers Inc. PA raised its position in shares of U S Concrete by 22.2% in the first quarter. Emerald Advisers Inc. PA now owns 393,546 shares of the construction company’s stock valued at $25,403,000 after buying an additional 71,468 shares during the last quarter.

Shares of U S Concrete, Inc. (NASDAQ USCR) traded up 0.92% on Friday, hitting $76.40. 291,181 shares of the company traded hands. The firm has a market capitalization of $1.20 billion, a P/E ratio of 48.42 and a beta of 1.22. The firm’s 50-day moving average is $78.05 and its 200 day moving average is $69.17. U S Concrete, Inc. has a 1-year low of $42.82 and a 1-year high of $80.45.

U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.09. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. The company had revenue of $340.90 million during the quarter, compared to analyst estimates of $342.60 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, analysts anticipate that U S Concrete, Inc. will post $3.95 earnings per share for the current fiscal year.

WARNING: “Louisiana State Employees Retirement System Increases Stake in U S Concrete, Inc. (NASDAQ:USCR)” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/08/12/louisiana-state-employees-retirement-system-increases-stake-in-u-s-concrete-inc-nasdaquscr.html.

Several research analysts recently issued reports on USCR shares. BidaskClub lowered shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of U S Concrete from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet upgraded shares of U S Concrete from a “c+” rating to a “b” rating in a research note on Thursday, May 4th. Finally, Citigroup Inc. increased their price target on shares of U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. U S Concrete currently has a consensus rating of “Buy” and a consensus target price of $82.25.

In related news, VP Jeffrey W. Roberts sold 2,394 shares of the company’s stock in a transaction dated 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 directly owns 34,422 shares of the company’s stock, valued at $2,340,696. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction dated Wednesday, May 24th. The stock was 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 directly owns 438,617 shares of the company’s stock, valued at $29,861,045.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,044 shares of company stock valued at $1,701,933. 5.90% of the stock is owned by 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.

Want to see what other hedge funds are holding USCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U S Concrete, Inc. (NASDAQ:USCR).

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

Receive News & Ratings for U S Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U S Concrete Inc. and related companies with MarketBeat.com's FREE daily email newsletter.