Pinebridge Investments L.P. grew its holdings in shares of U S Concrete, Inc. (NASDAQ:USCR) by 2.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,961 shares of the construction company’s stock after buying an additional 53 shares during the period. Pinebridge Investments L.P.’s holdings in U S Concrete were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of U S Concrete by 4.9% during the second quarter. BlackRock Inc. now owns 1,825,946 shares of the construction company’s stock valued at $143,428,000 after buying an additional 85,391 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of U S Concrete by 34.5% during the second quarter. Bank of New York Mellon Corp now owns 903,180 shares of the construction company’s stock valued at $70,945,000 after buying an additional 231,798 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of U S Concrete by 9.0% during 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 holdings in shares of U S Concrete by 3.8% during 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. Finally, Rothschild Asset Management Inc. raised its holdings in shares of U S Concrete by 5.0% during the second quarter. Rothschild Asset Management Inc. now owns 373,365 shares of the construction company’s stock valued at $29,328,000 after buying an additional 17,815 shares during the last quarter.

Shares of U S Concrete, Inc. (NASDAQ:USCR) opened at 77.40 on Friday. U S Concrete, Inc. has a one year low of $45.05 and a one year high of $83.85. The company has a market cap of $1.22 billion, a PE ratio of 49.05 and a beta of 1.21. The company’s 50-day moving average price is $75.54 and its 200 day moving average price is $71.92.

U S Concrete (NASDAQ:USCR) last released its quarterly earnings results on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $340.90 million for the quarter, compared to analysts’ expectations of $342.60 million. During the same period in the prior year, the firm earned $0.54 earnings per share. U S Concrete’s revenue was up 23.6% compared to the same quarter last year. Equities analysts forecast that U S Concrete, Inc. will post $3.89 EPS for the current fiscal year.

Several brokerages recently commented on USCR. BidaskClub cut U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. boosted their target price on U S Concrete to $92.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 target price on shares of U S Concrete in a report on Thursday, September 28th. Finally, Zacks Investment Research cut U S Concrete from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. U S Concrete has a consensus rating of “Buy” and an average price target of $89.00.

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In other news, VP David Andrew Behring sold 361 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $81.56, for a total transaction of $29,443.16. Following the sale, the vice president now directly owns 10,804 shares of the company’s stock, valued at $881,174.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the sale, the chief executive officer now directly owns 412,091 shares in the company, valued at $31,236,497.80. The disclosure for this sale can be found here. Insiders have sold 14,561 shares of company stock worth $1,110,748 over the last three months. 5.90% of the stock is owned by insiders.

U S Concrete 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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