BidaskClub downgraded shares of US Concrete (NASDAQ:USCR) from a hold rating to a sell rating in a research note released on Friday morning.

Other research analysts also recently issued reports about the company. DA Davidson reiterated a buy rating and set a $87.00 target price (down from $95.00) on shares of US Concrete in a research note on Thursday, October 11th. ValuEngine upgraded US Concrete from a strong sell rating to a sell rating in a research note on Wednesday, November 7th. Zacks Investment Research downgraded US Concrete from a hold rating to a sell rating in a research note on Saturday, October 13th. Sidoti assumed coverage on US Concrete in a research note on Monday, October 15th. They set a buy rating for the company. Finally, SunTrust Banks reduced their target price on US Concrete to $47.00 and set a buy rating for the company in a research note on Wednesday, November 21st. 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 currently has an average rating of Hold and a consensus price target of $76.17.

USCR stock traded down $0.50 during mid-day trading on Friday, reaching $37.61. The company had a trading volume of 353,584 shares, compared to its average volume of 342,449. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 2.08. The company has a market cap of $641.02 million, a price-to-earnings ratio of 18.77, a P/E/G ratio of 1.65 and a beta of 1.41. US Concrete has a 52 week low of $27.68 and a 52 week high of $86.35.

US Concrete (NASDAQ:USCR) last posted its quarterly earnings results on Thursday, November 1st. The construction company reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.42). US Concrete had a net margin of 1.69% and a return on equity of 10.56%. The company had revenue of $404.27 million during the quarter, compared to the consensus estimate of $411.35 million. During the same quarter in the prior year, the business earned $1.45 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, equities research analysts anticipate that US Concrete will post 2.3 EPS for the current fiscal year.

In other US Concrete news, Director Robert Martin Rayner bought 5,000 shares of US Concrete stock in a transaction dated Tuesday, November 20th. The stock was bought at an average cost of $35.25 per share, for a total transaction of $176,250.00. Following the purchase, the director now owns 53,028 shares of the company’s stock, valued at approximately $1,869,237. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have bought 10,500 shares of company stock valued at $386,600 and have sold 390 shares valued at $15,933. Insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of USCR. Advisory Services Network LLC boosted its stake in US Concrete by 1,706.1% in the 2nd quarter. Advisory Services Network LLC now owns 2,059 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,945 shares during the period. Rehmann Capital Advisory Group bought a new stake in US Concrete in the 3rd quarter valued at $136,000. NumerixS Investment Technologies Inc bought a new stake in US Concrete in the 2nd quarter valued at $154,000. SG Americas Securities LLC bought a new stake in US Concrete in the 2nd quarter valued at $181,000. Finally, Stevens Capital Management LP bought a new stake in US Concrete in the 2nd quarter valued at $230,000.

US Concrete Company 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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Analyst Recommendations for US Concrete (NASDAQ:USCR)

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