Thrivent Financial For Lutherans lifted its position in U S Concrete, Inc. (NASDAQ:USCR) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,980 shares of the construction company’s stock after purchasing an additional 690 shares during the quarter. Thrivent Financial For Lutherans owned about 0.06% of U S Concrete worth $705,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Crow Point Partners LLC bought a new stake in shares of U S Concrete in the second quarter worth about $147,000. First Mercantile Trust Co. bought a new stake in shares of U S Concrete in the second quarter worth about $196,000. ARP Americas LLC bought a new stake in shares of U S Concrete in the second quarter worth about $212,000. Peregrine Asset Advisers Inc. bought a new stake in shares of U S Concrete in the second quarter worth about $212,000. Finally, Stevens Capital Management LP bought a new stake in shares of U S Concrete in the second quarter worth about $225,000.
Shares of U S Concrete, Inc. (USCR) opened at 76.75 on Thursday. The company has a market capitalization of $1.21 billion, a PE ratio of 48.64 and a beta of 1.21. The firm’s 50-day moving average price is $75.59 and its 200 day moving average price is $72.23. U S Concrete, Inc. has a 52 week low of $45.05 and a 52 week high of $83.85.
U S Concrete (NASDAQ:USCR) last released its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. The company had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a net margin of 2.09% and a return on equity of 25.80%. U S Concrete’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities analysts predict that U S Concrete, Inc. will post $3.88 EPS for the current year.
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In other U S Concrete news, VP David Andrew Behring sold 361 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $81.56, for a total value of $29,443.16. Following the completion of the sale, the vice president now owns 10,804 shares in the company, valued at approximately $881,174.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total transaction of $492,700.00. Following the completion of the sale, the chief executive officer now owns 412,091 shares of the company’s stock, valued at approximately $31,236,497.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,561 shares of company stock valued at $1,110,748. 5.90% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on USCR shares. BidaskClub cut U S Concrete from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research cut U S Concrete from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. ValuEngine raised U S Concrete from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Citigroup Inc. boosted their price objective on U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $98.00 price objective on shares of U S Concrete in a research note on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $89.00.
U S Concrete Profile
U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.
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