U S Concrete, Inc. (USCR) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of U S Concrete, Inc. (NASDAQ:USCR) from a strong-buy rating to a hold rating in a report released on Wednesday.

According to Zacks, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA. “

A number of other analysts also recently weighed in on USCR. BidaskClub downgraded U S Concrete from a buy rating to a hold rating in a report on Wednesday, August 2nd. Stifel Nicolaus restated a buy rating and issued a $98.00 price objective on shares of U S Concrete in a report on Thursday, September 28th. Citigroup Inc. increased their price objective on U S Concrete to $92.00 and gave the company a buy rating in a report on Wednesday, August 9th. Finally, ValuEngine downgraded U S Concrete from a buy rating to a hold rating in a report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $89.00.

This article was originally published by and is the sole property of Zolmax. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://zolmax.com/investing/u-s-concrete-inc-uscr-lowered-to-hold-at-zacks-investment-research/1707417.html

Shares of U S Concrete (USCR) traded up 1.17% during midday trading on Wednesday, hitting $77.65. The company had a trading volume of 44,993 shares. The stock’s 50-day moving average price is $75.59 and its 200-day moving average price is $72.23. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 49.21 and a beta of 1.21. U S Concrete has a one year low of $45.05 and a one year high of $83.85.

U S Concrete (NASDAQ:USCR) last posted its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.09. The business had revenue of $340.90 million during the quarter, compared to the consensus estimate of $342.60 million. U S Concrete had a return on equity of 25.80% and a net margin of 2.09%. U S Concrete’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. Analysts predict that U S Concrete will post $3.88 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “U S Concrete, Inc. (USCR) Lowered to “Hold” at Zacks Investment Research” was reported by Zolmax and is the property of of Zolmax. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://zolmax.com/investing/u-s-concrete-inc-uscr-lowered-to-hold-at-zacks-investment-research/1707417.html.

In other U S Concrete news, VP David Andrew Behring sold 361 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the sale, the vice president now directly owns 10,804 shares in the company, valued at approximately $881,174.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William J. Sandbrook sold 6,500 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $75.80, for a total value of $492,700.00. Following the sale, the chief executive officer now owns 412,091 shares of the company’s stock, valued at $31,236,497.80. The disclosure for this sale can be found here. Insiders sold 14,561 shares of company stock valued at $1,110,748 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. grew its holdings in U S Concrete by 15.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,337 shares of the construction company’s stock worth $105,000 after acquiring an additional 177 shares during the period. Crow Point Partners LLC acquired a new stake in U S Concrete during the 2nd quarter worth about $147,000. Pinebridge Investments L.P. grew its holdings in U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock worth $154,000 after acquiring an additional 53 shares during the period. First Mercantile Trust Co. acquired a new stake in U S Concrete during the 2nd quarter worth about $196,000. Finally, ARP Americas LLC acquired a new stake in U S Concrete during the 2nd quarter worth about $212,000.

U S Concrete Company 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.

Receive News & Ratings for U S Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U S Concrete Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Bco Com Portugues  Given Consensus Rating of “Sell” by Analysts
Bco Com Portugues Given Consensus Rating of “Sell” by Analysts
GSA Capital Partners LLP Invests $258,000 in Aerie Pharmaceuticals, Inc.  Stock
GSA Capital Partners LLP Invests $258,000 in Aerie Pharmaceuticals, Inc. Stock
Crestwood Equity Partners LP  Shares Sold by GSA Capital Partners LLP
Crestwood Equity Partners LP Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP Invests $270,000 in Sabra Healthcare REIT, Inc.  Stock
GSA Capital Partners LLP Invests $270,000 in Sabra Healthcare REIT, Inc. Stock
Citigroup Inc. Buys 897 Shares of WisdomTree Internationl Dvdnd Ex Fncl Fd
Citigroup Inc. Buys 897 Shares of WisdomTree Internationl Dvdnd Ex Fncl Fd
First Bancorp  Shares Sold by GSA Capital Partners LLP
First Bancorp Shares Sold by GSA Capital Partners LLP


Leave a Reply

 
© 2006-2017 Zolmax.