US Concrete Inc (NASDAQ:USCR) VP David Andrew Behring bought 500 shares of US Concrete stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of $35.00 per share, with a total value of $17,500.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

US Concrete stock traded up $2.32 during midday trading on Wednesday, hitting $36.47. 6,166 shares of the stock were exchanged, compared to its average volume of 602,825. US Concrete Inc has a fifty-two week low of $27.68 and a fifty-two week high of $86.35. The stock has a market cap of $600.66 million, a P/E ratio of 13.49, a PEG ratio of 1.34 and a beta of 1.38. The company has a current ratio of 1.28, a quick ratio of 1.10 and a debt-to-equity ratio of 2.08.

US Concrete (NASDAQ:USCR) last released its quarterly earnings data on Thursday, November 1st. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.42). US Concrete had a return on equity of 10.56% and a net margin of 1.69%. The firm had revenue of $404.27 million for the quarter, compared to analyst estimates of $411.35 million. During the same quarter in the previous year, the business posted $1.45 earnings per share. US Concrete’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, analysts forecast that US Concrete Inc will post 2.67 EPS for the current year.

A number of equities research analysts have recently commented on USCR shares. BidaskClub cut shares of US Concrete from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 25th. Sidoti started coverage on shares of US Concrete in a research report on Monday, October 15th. They issued a “buy” rating for the company. Zacks Investment Research cut shares of US Concrete from a “hold” rating to a “sell” rating in a research report on Saturday, October 13th. ValuEngine upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 7th. Finally, DA Davidson reiterated a “buy” rating and issued a $87.00 target price (down from $95.00) on shares of US Concrete in a research report on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $76.17.

A number of institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in US Concrete by 33.5% during the first quarter. LPL Financial LLC now owns 4,679 shares of the construction company’s stock worth $283,000 after buying an additional 1,173 shares during the period. Millennium Management LLC boosted its stake in US Concrete by 649.6% during the first quarter. Millennium Management LLC now owns 24,505 shares of the construction company’s stock worth $1,480,000 after buying an additional 21,236 shares during the period. Royal Bank of Canada boosted its stake in US Concrete by 7.6% during the first quarter. Royal Bank of Canada now owns 24,994 shares of the construction company’s stock worth $1,509,000 after buying an additional 1,771 shares during the period. Hodges Capital Management Inc. boosted its stake in US Concrete by 446.1% during the second quarter. Hodges Capital Management Inc. now owns 687,255 shares of the construction company’s stock worth $36,081,000 after buying an additional 561,405 shares during the period. Finally, Lenox Wealth Management Inc. purchased a new position in US Concrete during the second quarter worth about $332,000.

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About US Concrete

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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