U.S. Concrete (USCR) Earns Buy Rating from Stephens

Stephens restated their buy rating on shares of U.S. Concrete (NASDAQ:USCR) in a research note issued to investors on Friday. They currently have a $78.00 price target on the construction company’s stock.

Several other brokerages have also recently weighed in on USCR. Zacks Investment Research raised shares of U.S. Concrete from a hold rating to a buy rating and set a $87.00 price target on the stock in a research report on Thursday, February 15th. BidaskClub cut shares of U.S. Concrete from a hold rating to a sell rating in a research report on Thursday, January 18th. DA Davidson lowered their price target on shares of U.S. Concrete to $98.00 and set a buy rating on the stock in a research report on Friday, March 2nd. TheStreet cut shares of U.S. Concrete from a b rating to a c rating in a research report on Wednesday, March 21st. Finally, Stifel Nicolaus reissued a buy rating and set a $88.00 price target on shares of U.S. Concrete in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, two have assigned 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 $88.60.

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Shares of USCR opened at $58.80 on Friday. U.S. Concrete has a 52-week low of $58.10 and a 52-week high of $86.35. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.26 and a current ratio of 1.50. The firm has a market cap of $1,003.37, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 1.26 and a beta of 0.96.

U.S. Concrete (NASDAQ:USCR) last announced its earnings results on Thursday, March 1st. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.27). U.S. Concrete had a return on equity of 17.54% and a net margin of 1.91%. The business had revenue of $341.35 million for the quarter, compared to analyst estimates of $354.33 million. During the same period last year, the firm earned $0.82 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts forecast that U.S. Concrete will post 4.75 earnings per share for the current fiscal year.

In other news, COO Ronnie A. Pruitt sold 500 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $83.15, for a total transaction of $41,575.00. Following the transaction, the chief operating officer now owns 17,656 shares of the company’s stock, valued at approximately $1,468,096.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Mark Baker Peabody sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $70.00, for a total transaction of $70,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,840 shares of company stock worth $2,177,909. Corporate insiders own 5.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in U.S. Concrete by 4.2% in the fourth quarter. BlackRock Inc. now owns 1,949,913 shares of the construction company’s stock valued at $163,110,000 after buying an additional 78,135 shares during the last quarter. Dupont Capital Management Corp lifted its position in U.S. Concrete by 1.6% in the fourth quarter. Dupont Capital Management Corp now owns 325,368 shares of the construction company’s stock valued at $27,217,000 after buying an additional 5,000 shares during the last quarter. Copper Rock Capital Partners LLC lifted its position in U.S. Concrete by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 356,105 shares of the construction company’s stock valued at $29,610,000 after buying an additional 12,412 shares during the last quarter. Rhumbline Advisers lifted its position in U.S. Concrete by 20.1% in the fourth quarter. Rhumbline Advisers now owns 35,293 shares of the construction company’s stock valued at $2,952,000 after buying an additional 5,899 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in U.S. Concrete by 93.1% in the fourth quarter. Oppenheimer & Co. Inc. now owns 8,114 shares of the construction company’s stock valued at $679,000 after buying an additional 3,913 shares during the last quarter.

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About U.S. Concrete

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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