U.S. Concrete, Inc. (NASDAQ:USCR)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $54.16 and last traded at $54.16, with a volume of 4813 shares traded. The stock had previously closed at $51.37.

USCR has been the topic of several recent research reports. Zacks Investment Research downgraded U.S. Concrete from a “hold” rating to a “sell” rating in a research note on Tuesday, October 27th. Truist raised their target price on U.S. Concrete from $19.00 to $35.00 in a research note on Friday, November 13th. Finally, BidaskClub upgraded U.S. Concrete from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.25.

The company has a 50-day moving average of $40.10 and a 200-day moving average of $32.18. The stock has a market cap of $897.00 million, a price-to-earnings ratio of 42.51 and a beta of 1.53. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.97 and a current ratio of 1.23.

U.S. Concrete (NASDAQ:USCR) last released its earnings results on Thursday, October 29th. The construction company reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.49. U.S. Concrete had a return on equity of 5.54% and a net margin of 1.42%. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $382.38 million. During the same quarter last year, the firm posted $1.22 earnings per share. The business’s revenue was down 8.5% compared to the same quarter last year. As a group, equities research analysts forecast that U.S. Concrete, Inc. will post 1.09 EPS for the current year.

In related news, Director William J. Sandbrook sold 10,000 shares of the stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $38.15, for a total value of $381,500.00. Following the completion of the transaction, the director now directly owns 397,084 shares of the company’s stock, valued at approximately $15,148,754.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 10,750 shares of company stock worth $408,635. Insiders own 5.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of USCR. Advisor Group Holdings Inc. boosted its position in shares of U.S. Concrete by 4.1% during the second quarter. Advisor Group Holdings Inc. now owns 9,863 shares of the construction company’s stock worth $246,000 after purchasing an additional 386 shares in the last quarter. PNC Financial Services Group Inc. increased its position in U.S. Concrete by 0.6% in the 2nd quarter. PNC Financial Services Group Inc. now owns 144,767 shares of the construction company’s stock valued at $3,591,000 after acquiring an additional 932 shares during the period. California Public Employees Retirement System increased its position in U.S. Concrete by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 37,611 shares of the construction company’s stock valued at $1,092,000 after acquiring an additional 1,185 shares during the period. Pacer Advisors Inc. increased its position in shares of U.S. Concrete by 16.5% during the third quarter. Pacer Advisors Inc. now owns 9,600 shares of the construction company’s stock worth $279,000 after buying an additional 1,359 shares during the period. Finally, Bank of Montreal Can increased its position in shares of U.S. Concrete by 243.5% during the second quarter. Bank of Montreal Can now owns 2,367 shares of the construction company’s stock worth $56,000 after buying an additional 1,678 shares during the period. 69.52% of the stock is owned by institutional investors.

U.S. Concrete Company Profile (NASDAQ:USCR)

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, the U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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