William J. Sandbrook Sells 6,500 Shares of US Concrete Inc (USCR) Stock

US Concrete Inc (NASDAQ:USCR) CEO William J. Sandbrook sold 6,500 shares of the firm’s stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $65.97, for a total value of $428,805.00. Following the sale, the chief executive officer now directly owns 455,739 shares of the company’s stock, valued at $30,065,101.83. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of US Concrete Inc (NASDAQ:USCR) opened at 60.80 on Monday. The stock has a market cap of $939.97 million, a price-to-earnings ratio of 111.36 and a beta of 1.19. The company has a 50-day moving average price of $65.62 and a 200 day moving average price of $58.44. US Concrete Inc has a one year low of $42.82 and a one year high of $71.35.

US Concrete (NASDAQ:USCR) last released its quarterly earnings results on Tuesday, February 28th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.12. US Concrete had a return on equity of 27.73% and a net margin of 4.41%. The company had revenue of $318.80 million for the quarter, compared to analyst estimates of $313.92 million. During the same period in the previous year, the company posted $0.55 earnings per share. The firm’s revenue was up 20.9% on a year-over-year basis. Equities research analysts expect that US Concrete Inc will post $3.56 earnings per share for the current year.

Insider Buying and Selling by Quarter for US Concrete (NASDAQ:USCR)

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Several large investors have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its stake in US Concrete by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,060 shares of the company’s stock valued at $141,000 after buying an additional 40 shares in the last quarter. Quantbot Technologies LP raised its stake in US Concrete by 238.8% in the third quarter. Quantbot Technologies LP now owns 4,773 shares of the company’s stock valued at $219,000 after buying an additional 3,364 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in US Concrete during the third quarter valued at $221,000. Greenwood Capital Associates LLC purchased a new stake in US Concrete during the fourth quarter valued at $232,000. Finally, Louisiana State Employees Retirement System raised its stake in US Concrete by 3.3% in the third quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the company’s stock valued at $290,000 after buying an additional 200 shares in the last quarter.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised US Concrete from a “strong sell” rating to a “hold” rating in a research report on Friday, January 6th. TheStreet lowered US Concrete from a “b+” rating to a “c+” rating in a research report on Tuesday, March 14th. DA Davidson reaffirmed a “buy” rating and set a $80.00 target price on shares of US Concrete in a research report on Friday, March 3rd. Finally, Stifel Nicolaus raised their target price on US Concrete to $76.00 in a research report on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.83.

US Concrete Company Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Company conducts its operations through two segments. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

5 Day Chart for NASDAQ:USCR

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