State Street Corp boosted its holdings in U S Concrete, Inc. (NASDAQ:USCR) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 346,813 shares of the construction company’s stock after buying an additional 19,951 shares during the period. State Street Corp owned approximately 2.21% of U S Concrete worth $27,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in USCR. UBS Asset Management Americas Inc. acquired a new position in U S Concrete in the first quarter valued at approximately $243,000. Teachers Advisors LLC lifted its holdings in U S Concrete by 2.4% in the first quarter. Teachers Advisors LLC now owns 39,172 shares of the construction company’s stock valued at $2,529,000 after buying an additional 929 shares during the period. PNC Financial Services Group Inc. lifted its holdings in U S Concrete by 44.8% in the first quarter. PNC Financial Services Group Inc. now owns 3,880 shares of the construction company’s stock valued at $250,000 after buying an additional 1,200 shares during the period. Legal & General Group Plc lifted its holdings in U S Concrete by 2.6% in the first quarter. Legal & General Group Plc now owns 24,178 shares of the construction company’s stock valued at $1,559,000 after buying an additional 606 shares during the period. Finally, Thrivent Financial For Lutherans lifted its holdings in U S Concrete by 9.7% in the first quarter. Thrivent Financial For Lutherans now owns 8,290 shares of the construction company’s stock valued at $535,000 after buying an additional 730 shares during the period.

Shares of U S Concrete, Inc. (NASDAQ USCR) opened at $78.95 on Monday. U S Concrete, Inc. has a 12 month low of $55.05 and a 12 month high of $83.85. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35. The company has a market cap of $1,314.47, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.54 and a beta of 1.32.

U S Concrete (NASDAQ:USCR) last issued its earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.46 by ($0.47). U S Concrete had a net margin of 0.99% and a return on equity of 22.33%. The firm had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. During the same period in the previous year, the company posted $1.19 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. equities research analysts forecast that U S Concrete, Inc. will post 3.11 EPS for the current fiscal year.

In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total value of $492,700.00. Following the completion of the sale, the chief executive officer now owns 412,091 shares of the company’s stock, valued at $31,236,497.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Andrew Behring sold 361 shares of the company’s 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 completion of the sale, the vice president now directly owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The disclosure for this sale can be found here. Insiders sold 8,061 shares of company stock valued at $614,718 in the last ninety days. Insiders own 5.90% of the company’s stock.

Several equities analysts recently weighed in on USCR shares. BidaskClub lowered shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of U S Concrete from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded shares of U S Concrete from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. increased their price objective on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 target price on shares of U S Concrete in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $89.00.

ILLEGAL ACTIVITY NOTICE: This story was originally published by Daily Political and is the sole property of of Daily Political. If you are reading this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark law. The legal version of this story can be viewed at https://www.dailypolitical.com/2017/11/13/state-street-corp-has-27-25-million-position-in-u-s-concrete-inc-uscr.html.

About U S Concrete

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.