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.

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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.

US Concrete (NASDAQ:USCR) last released its quarterly earnings data on Thursday, March 1st. The construction company reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.27). The business had revenue of $341.35 million for the quarter, compared to analysts’ expectations of $354.33 million. US Concrete had a net margin of 1.91% and a return on equity of 17.54%. US Concrete’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.82 earnings per share. analysts predict that US Concrete will post 5.04 earnings per share for the current fiscal year.

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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