US Concrete (USCR) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of US Concrete (NASDAQ:USCR) from a hold rating to a sell rating in a report issued on Friday.
Several other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of US Concrete from a hold rating to a buy rating and set a $87.00 price target for the company in a research note on Thursday, February 15th. DA Davidson reiterated a buy rating on shares of US Concrete in a research note on Monday, December 4th. Finally, ValuEngine lowered shares of US Concrete from a buy rating to a hold rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. US Concrete currently has a consensus rating of Buy and a consensus target price of $91.25.
Shares of US Concrete (NASDAQ USCR) traded down $0.35 during trading on Friday, hitting $69.40. 512,231 shares of the company traded hands, compared to its average volume of 350,718. The company has a debt-to-equity ratio of 2.21, a quick ratio of 2.12 and a current ratio of 1.50. The company has a market cap of $1,150.00, a price-to-earnings ratio of 44.49, a price-to-earnings-growth ratio of 1.37 and a beta of 1.02. US Concrete has a 52 week low of $58.75 and a 52 week high of $86.35.
In related news, COO Ronnie A. Pruitt sold 500 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $80.20, for a total transaction of $40,100.00. Following the sale, the chief operating officer now directly owns 18,156 shares of the company’s stock, valued at approximately $1,456,111.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William J. Sandbrook sold 9,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $75.52, for a total transaction of $679,680.00. Following the sale, the insider now directly owns 414,256 shares in the company, valued at $31,284,613.12. The disclosure for this sale can be found here. Insiders have sold a total of 64,860 shares of company stock worth $5,280,579 over the last three months. 5.90% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its position in US Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock valued at $105,000 after purchasing an additional 177 shares during the last quarter. LS Investment Advisors LLC boosted its holdings in shares of US Concrete by 293.3% during the 4th quarter. LS Investment Advisors LLC now owns 2,065 shares of the construction company’s stock valued at $173,000 after acquiring an additional 1,540 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of US Concrete during the 4th quarter valued at about $221,000. Aperio Group LLC purchased a new stake in shares of US Concrete during the 3rd quarter valued at about $210,000. Finally, Commonwealth Equity Services Inc purchased a new stake in shares of US Concrete during the 3rd quarter valued at about $217,000.
TRADEMARK VIOLATION WARNING: “US Concrete (USCR) Stock Rating Lowered by BidaskClub” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2018/03/03/us-concrete-uscr-stock-rating-lowered-by-bidaskclub.html.
About US 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 US Concrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Concrete and related companies with MarketBeat.com's FREE daily email newsletter.