U S Concrete, Inc. (NASDAQ:USCR) has been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $90.00.

Several brokerages recently commented on USCR. Zacks Investment Research lowered shares of U S Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. BidaskClub lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. Citigroup Inc. lifted their price objective on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, ValuEngine lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd.

COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dailypolitical.com/2017/11/18/brokerages-set-u-s-concrete-inc-uscr-price-target-at-90-00.html.

Shares of U S Concrete (NASDAQ:USCR) traded up $0.40 during trading hours on Wednesday, reaching $77.50. 306,713 shares of the company traded hands, compared to its average volume of 249,411. U S Concrete has a 12-month low of $56.15 and a 12-month high of $83.85. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. The firm has a market cap of $1,290.00, 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 (NASDAQ:USCR) last announced its quarterly 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 return on equity of 22.33% and a net margin of 0.99%. The company had revenue of $354.60 million for the quarter, compared to analyst estimates of $364.16 million. During the same quarter in the prior year, the business earned $1.19 earnings per share. U S Concrete’s revenue was up 7.9% compared to the same quarter last year. research analysts anticipate that U S Concrete will post 3.11 EPS for the current fiscal year.

In other news, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the sale, the vice president now owns 10,804 shares of the company’s stock, valued at $881,174.24. The sale 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 U S Concrete stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the sale, the chief executive officer now directly owns 412,091 shares in the company, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,061 shares of company stock worth $614,718. 5.90% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of USCR. Ameritas Investment Partners Inc. boosted its holdings in shares of U S Concrete by 15.3% in the second quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after acquiring an additional 177 shares in the last quarter. Crow Point Partners LLC purchased a new stake in U S Concrete during the second quarter worth about $147,000. Pinebridge Investments L.P. boosted its holdings in U S Concrete by 2.8% during the second quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after buying an additional 53 shares in the last quarter. First Mercantile Trust Co. purchased a new stake in U S Concrete during the second quarter worth about $196,000. Finally, Aperio Group LLC purchased a new stake in U S Concrete during the third quarter worth about $210,000.

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.

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.