US Concrete Inc (NASDAQ:USCR) CAO Gibson T. Dawson Purchases 1,100 Shares

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.

A number of research firms recently commented on USCR. Stifel Nicolaus decreased their price target on US Concrete from $47.00 to $36.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. Sidoti decreased their price target on US Concrete from $57.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. BidaskClub downgraded US Concrete from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Zacks Investment Research downgraded US Concrete from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Finally, ValuEngine downgraded US Concrete from a “buy” rating to a “hold” rating in a research note on Friday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.67.

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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