US Concrete Inc (NASDAQ:USCR) CAO Gibson T. Dawson bought 1,100 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were acquired at an average cost of $13.00 per share, for a total transaction of $14,300.00. Following the completion of the transaction, the chief accounting officer now owns 4,604 shares of the company’s stock, valued at approximately $59,852. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of USCR stock opened at $15.02 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.42 and a debt-to-equity ratio of 1.93. The business has a 50 day moving average of $27.36 and a two-hundred day moving average of $40.28. US Concrete Inc has a 52 week low of $6.75 and a 52 week high of $56.22. The company has a market cap of $245.48 million, a P/E ratio of 16.69 and a beta of 1.29.
US Concrete (NASDAQ:USCR) last issued its earnings results on Tuesday, February 25th. The construction company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.62). US Concrete had a net margin of 1.01% and a return on equity of 3.41%. The company had revenue of $369.20 million during the quarter, compared to analyst estimates of $388.07 million. During the same quarter in the previous year, the firm earned $0.43 earnings per share. The business’s revenue was down .2% on a year-over-year basis. Analysts expect that US Concrete Inc will post 1.64 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the business. Peddock Capital Advisors LLC bought a new stake in shares of US Concrete during the fourth quarter valued at approximately $31,000. Tower Research Capital LLC TRC raised its holdings in shares of US Concrete by 1,143.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,865 shares of the construction company’s stock valued at $78,000 after buying an additional 1,715 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of US Concrete during the third quarter valued at approximately $105,000. Marshall Wace North America L.P. bought a new stake in shares of US Concrete during the fourth quarter valued at approximately $120,000. Finally, Advisory Services Network LLC raised its holdings in shares of US Concrete by 9.7% during the fourth quarter. Advisory Services Network LLC now owns 3,152 shares of the construction company’s stock valued at $131,000 after buying an additional 279 shares during the last quarter. Institutional investors own 89.10% of the company’s stock.
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, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.
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