First Dallas Securities Inc. Decreases Stake in U S Concrete, Inc. (USCR)
First Dallas Securities Inc. cut its holdings in U S Concrete, Inc. (NASDAQ:USCR) by 32.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,325 shares of the construction company’s stock after selling 5,000 shares during the period. First Dallas Securities Inc. owned about 0.06% of U S Concrete worth $788,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Ameritas Investment Partners Inc. boosted its holdings in shares of U S Concrete by 15.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after buying an additional 177 shares during the period. Pinebridge Investments L.P. boosted its stake in U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after purchasing an additional 53 shares during the period. First Mercantile Trust Co. acquired a new position in U S Concrete during the 2nd quarter valued at about $196,000. ARP Americas LLC acquired a new position in U S Concrete during the 2nd quarter valued at about $212,000. Finally, Peregrine Asset Advisers Inc. acquired a new position in U S Concrete during the 2nd quarter valued at about $212,000.
USCR has been the subject of a number of analyst reports. BidaskClub lowered shares of U S Concrete from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Stifel Nicolaus reissued a “buy” rating and set a $98.00 target price on shares of U S Concrete in a research note on Thursday, September 28th. ValuEngine raised shares of U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of U S Concrete from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research note on Tuesday, August 15th. Finally, Citigroup Inc. boosted their target price on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $89.00.
Shares of U S Concrete, Inc. (NASDAQ USCR) traded down $1.80 during trading hours on Thursday, hitting $76.95. 386,200 shares of the stock were exchanged, compared to its average volume of 327,862. The firm has a market cap of $1,280.00, a price-to-earnings ratio of 26.51, a P/E/G ratio of 2.54 and a beta of 1.32. U S Concrete, Inc. has a 12 month low of $55.05 and a 12 month high of $83.85. The company has a current ratio of 2.31, a quick ratio of 2.12 and a debt-to-equity ratio of 2.35.
U S Concrete (NASDAQ:USCR) last issued its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.47). The company had revenue of $354.60 million during the quarter, compared to analyst estimates of $364.16 million. U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.19 earnings per share. equities analysts forecast that U S Concrete, Inc. will post 3.11 earnings per share for the current fiscal year.
In other news, CEO William J. Sandbrook sold 6,500 shares of the business’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 transaction of $492,700.00. Following the sale, the chief executive officer now owns 412,091 shares in the company, valued at $31,236,497.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $29,443.16. Following the sale, the vice president now owns 10,804 shares in the company, valued at approximately $881,174.24. The disclosure for this sale can be found here. Insiders sold a total of 8,061 shares of company stock worth $614,718 over the last quarter. Insiders own 5.90% of the company’s stock.
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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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