Arizona State Retirement System reduced its stake in shares of US Concrete Inc (NASDAQ:USCR) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,954 shares of the construction company’s stock after selling 1,753 shares during the quarter. Arizona State Retirement System owned approximately 0.14% of US Concrete worth $1,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Barclays PLC lifted its stake in shares of US Concrete by 9.5% during the 1st quarter. Barclays PLC now owns 13,021 shares of the construction company’s stock worth $788,000 after purchasing an additional 1,134 shares during the last quarter. LPL Financial LLC lifted its stake in shares of US Concrete by 33.5% during the 1st quarter. LPL Financial LLC now owns 4,679 shares of the construction company’s stock worth $283,000 after purchasing an additional 1,173 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of US Concrete by 3.5% during the 1st quarter. Rhumbline Advisers now owns 36,530 shares of the construction company’s stock worth $2,206,000 after purchasing an additional 1,237 shares during the last quarter. Symphony Asset Management LLC lifted its stake in shares of US Concrete by 30.1% during the 1st quarter. Symphony Asset Management LLC now owns 6,007 shares of the construction company’s stock worth $363,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of US Concrete by 7.6% during the 1st quarter. Royal Bank of Canada now owns 24,994 shares of the construction company’s stock worth $1,509,000 after purchasing an additional 1,771 shares during the last quarter.

Shares of NASDAQ:USCR opened at $47.32 on Wednesday. US Concrete Inc has a 1 year low of $44.00 and a 1 year high of $86.35. The stock has a market cap of $807.26 million, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.32 and a beta of 1.05. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 2.27.

US Concrete (NASDAQ:USCR) last announced its earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.29 by ($0.21). US Concrete had a net margin of 2.34% and a return on equity of 12.82%. The business had revenue of $404.20 million for the quarter, compared to analyst estimates of $390.55 million. During the same period in the prior year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. research analysts expect that US Concrete Inc will post 3.63 EPS for the current fiscal year.

USCR has been the subject of a number of analyst reports. ValuEngine cut US Concrete from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 26th. BidaskClub cut US Concrete from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 23rd. DA Davidson set a $95.00 target price on US Concrete and gave the company a “buy” rating in a research report on Sunday, May 20th. Citigroup reduced their target price on US Concrete from $77.00 to $74.00 and set a “$53.95” rating on the stock in a research report on Monday, July 23rd. Finally, SunTrust Banks set a $70.00 target price on US Concrete and gave the company a “buy” rating in a research report on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $81.33.

In other news, Director Kurt Matthew Cellar acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, September 4th. The shares were acquired at an average cost of $48.30 per share, with a total value of $96,600.00. Following the completion of the acquisition, the director now owns 45,309 shares of the company’s stock, valued at $2,188,424.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Ronnie A. Pruitt sold 1,500 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $65.00, for a total value of $97,500.00. Following the completion of the transaction, the chief operating officer now directly owns 25,261 shares in the company, valued at $1,641,965. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 8,650 shares of company stock worth $424,178 and have sold 19,760 shares worth $1,027,600. Corporate insiders own 5.30% of the company’s stock.

US Concrete Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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