US Concrete Inc (USCR) COO Sells 500 Shares
US Concrete Inc (NASDAQ:USCR) COO Ronnie A. Pruitt sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $73.50, for a total transaction of $36,750.00. Following the sale, the chief operating officer now owns 17,156 shares of the company’s stock, valued at approximately $1,260,966. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
US Concrete Inc (USCR) opened at $69.40 on Monday. The company has a market cap of $1,155.95, a price-to-earnings ratio of 26.29, a PEG ratio of 1.36 and a beta of 1.02. US Concrete Inc has a 1-year low of $58.75 and a 1-year high of $86.35. The company has a debt-to-equity ratio of 2.21, a current ratio of 1.50 and a quick ratio of 1.26.
US Concrete (NASDAQ:USCR) last announced its earnings results on Thursday, March 1st. The construction company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.27). The business had revenue of $341.35 million during the quarter, compared to analyst estimates of $354.33 million. US Concrete had a net margin of 1.91% and a return on equity of 17.54%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 earnings per share. analysts predict that US Concrete Inc will post 5.09 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in USCR. Dupont Capital Management Corp increased its stake in US Concrete by 1.6% in the 4th quarter. Dupont Capital Management Corp now owns 325,368 shares of the construction company’s stock valued at $27,217,000 after buying an additional 5,000 shares during the period. Prudential Financial Inc. increased its stake in US Concrete by 68.2% in the 3rd quarter. Prudential Financial Inc. now owns 43,000 shares of the construction company’s stock valued at $3,281,000 after buying an additional 17,430 shares during the period. Copper Rock Capital Partners LLC increased its stake in US Concrete by 3.6% in the 4th quarter. Copper Rock Capital Partners LLC now owns 356,105 shares of the construction company’s stock valued at $29,610,000 after buying an additional 12,412 shares during the period. Systematic Financial Management LP increased its stake in US Concrete by 59.1% in the 3rd quarter. Systematic Financial Management LP now owns 315,063 shares of the construction company’s stock valued at $24,039,000 after buying an additional 117,046 shares during the period. Finally, Royal Bank of Canada increased its stake in US Concrete by 137.5% in the 2nd quarter. Royal Bank of Canada now owns 6,611 shares of the construction company’s stock valued at $519,000 after buying an additional 3,828 shares during the period.
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US Concrete Company 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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