California State Teachers Retirement System lessened its position in shares of U S Concrete, Inc. (NASDAQ:USCR) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,943 shares of the construction company’s stock after selling 1,280 shares during the quarter. California State Teachers Retirement System owned about 0.17% of U S Concrete worth $2,116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Argent Capital Management LLC raised its position in shares of U S Concrete by 91.0% during the 2nd quarter. Argent Capital Management LLC now owns 30,275 shares of the construction company’s stock valued at $2,378,000 after buying an additional 14,425 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of U S Concrete by 7.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,747 shares of the construction company’s stock valued at $923,000 after buying an additional 786 shares during the period. Point72 Europe London LLP purchased a new stake in shares of U S Concrete during the 2nd quarter valued at approximately $2,820,000. State Street Corp raised its position in shares of U S Concrete by 6.1% during the 2nd quarter. State Street Corp now owns 346,813 shares of the construction company’s stock valued at $27,246,000 after buying an additional 19,951 shares during the period. Finally, Gotham Asset Management LLC purchased a new stake in shares of U S Concrete during the 2nd quarter valued at approximately $1,270,000.

Shares of U S Concrete, Inc. (NASDAQ USCR) opened at $78.75 on Wednesday. The stock has a market capitalization of $1,321.13, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 2.56 and a beta of 1.32. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. U S Concrete, Inc. has a 12-month low of $55.05 and a 12-month high of $83.85.

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

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In other U S Concrete news, CEO William J. Sandbrook sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following 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 filing with the SEC, which can be accessed through the SEC website. Also, VP David Andrew Behring sold 361 shares of the business’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 value of $29,443.16. Following the completion of the sale, the vice president now directly owns 10,804 shares in the company, valued at approximately $881,174.24. The disclosure for this sale can be found here. In the last three months, insiders sold 8,061 shares of company stock worth $614,718. 5.90% of the stock is owned by corporate insiders.

Several analysts have recently commented on the stock. ValuEngine lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research lowered shares of U S Concrete from a “hold” rating to a “sell” rating in a research report on Saturday, November 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research report on Thursday, September 28th. Citigroup Inc. lifted their price target on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research report on Wednesday, August 9th. Finally, BidaskClub lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $89.00.

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.

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

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