U.S. Concrete Sees Unusually High Options Volume (USCR)

U.S. Concrete, Inc (NASDAQ:USCR) was the recipient of unusually large options trading on Thursday. Stock traders acquired 4,526 put options on the stock. This represents an increase of 2,045% compared to the average volume of 211 put options.

In related news, Vice Chairman William J. Sandbrook sold 9,000 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $75.52, for a total transaction of $679,680.00. Following the transaction, the insider now directly owns 414,256 shares in the company, valued at $31,284,613.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Ronnie A. Pruitt sold 500 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $73.50, for a total value of $36,750.00. Following the transaction, the chief operating officer now owns 17,156 shares in the company, valued at $1,260,966. The disclosure for this sale can be found here. Insiders have sold 28,890 shares of company stock worth $1,885,924 over the last quarter. 5.30% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in shares of U.S. Concrete by 649.6% in the 1st quarter. Millennium Management LLC now owns 24,505 shares of the construction company’s stock worth $1,480,000 after purchasing an additional 21,236 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of U.S. Concrete by 2,434.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 5,068 shares of the construction company’s stock worth $306,000 after purchasing an additional 4,868 shares during the period. LPL Financial LLC raised its holdings in shares of U.S. Concrete by 33.5% in the 1st quarter. LPL Financial LLC now owns 4,679 shares of the construction company’s stock worth $283,000 after purchasing an additional 1,173 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of U.S. Concrete by 38.9% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,834 shares of the construction company’s stock valued at $834,000 after buying an additional 3,873 shares during the period. Finally, Barclays PLC raised its holdings in shares of U.S. Concrete by 9.5% during the 1st quarter. Barclays PLC now owns 13,021 shares of the construction company’s stock valued at $788,000 after buying an additional 1,134 shares during the period.

U.S. Concrete stock opened at $57.40 on Friday. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.18, a PEG ratio of 1.35 and a beta of 0.95. The company has a current ratio of 1.44, a quick ratio of 1.23 and a debt-to-equity ratio of 2.44. U.S. Concrete has a 12 month low of $60.45 and a 12 month high of $60.95.

U.S. Concrete (NASDAQ:USCR) last released its quarterly earnings data on Monday, April 30th. The construction company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.29). The firm had revenue of $327.80 million during the quarter, compared to analysts’ expectations of $321.14 million. U.S. Concrete had a return on equity of 13.63% and a net margin of 1.08%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. equities analysts forecast that U.S. Concrete will post 4.48 earnings per share for the current fiscal year.

USCR has been the topic of several recent analyst reports. BidaskClub downgraded U.S. Concrete from a “hold” rating to a “sell” rating in a research report on Friday, March 2nd. Stephens reiterated a “buy” rating and set a $84.00 target price on shares of U.S. Concrete in a research report on Tuesday, March 6th. Zacks Investment Research downgraded U.S. Concrete from a “hold” rating to a “sell” rating in a report on Saturday, February 10th. DA Davidson cut their price objective on U.S. Concrete to $98.00 and set a “buy” rating on the stock in a report on Friday, March 2nd. Finally, Stifel Nicolaus cut their price objective on U.S. Concrete from $88.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $87.20.

U.S. 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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