US Concrete (USCR) Lowered to Strong Sell at BidaskClub
US Concrete (NASDAQ:USCR) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.
Several other research firms also recently commented on USCR. Zacks Investment Research raised shares of US Concrete from a “strong sell” rating to a “hold” rating in a report on Saturday, January 6th. DA Davidson reaffirmed a “buy” rating on shares of US Concrete in a report on Monday, December 4th. ValuEngine downgraded shares of US Concrete from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Stephens reaffirmed a “buy” rating and set a $84.00 price objective on shares of US Concrete in a report on Tuesday, March 6th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $88.00 price objective on shares of US Concrete in a report on Friday, March 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $89.80.
US Concrete (USCR) opened at $65.80 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 2.21. The firm has a market cap of $1,100.00, a PE ratio of 42.18, a P/E/G ratio of 1.32 and a beta of 1.02. US Concrete has a fifty-two week low of $58.75 and a fifty-two week high of $86.35.
In other news, VP Mark Baker Peabody sold 1,000 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $70.00, for a total value of $70,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Jeff L. Davis sold 12,000 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $82.41, for a total transaction of $988,920.00. Following the completion of the sale, the vice president now directly owns 13,022 shares in the company, valued at $1,073,143.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,590 shares of company stock worth $5,242,807. Insiders own 5.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in USCR. LS Investment Advisors LLC lifted its holdings in shares of US Concrete by 293.3% in the fourth quarter. LS Investment Advisors LLC now owns 2,065 shares of the construction company’s stock worth $173,000 after buying an additional 1,540 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of US Concrete in the third quarter worth about $210,000. Commonwealth Equity Services Inc purchased a new stake in shares of US Concrete in the third quarter worth about $217,000. Aviance Capital Management LLC purchased a new stake in shares of US Concrete in the fourth quarter worth about $221,000. Finally, Deprince Race & Zollo Inc. purchased a new stake in shares of US Concrete in the third quarter worth about $229,000.
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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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