Bank of America – U.S. Concrete, Inc. (NASDAQ:USCR) Director Sells $381,500.00 in Stock

U.S. Concrete, Inc. (NASDAQ:USCR) Director William J. Sandbrook offered 10,00Zero shares of the agency’s stock in a transaction that occurred on Tuesday, November 24th. The stock was offered at a mean price of $38.15, for a complete transaction of $381,500.00. Following the sale, the director now owns 397,084 shares of the corporate’s stock, valued at roughly $15,148,754.60. The sale was disclosed in a doc filed with the SEC, which could be accessed by this hyperlink.

NASDAQ:USCR traded down $0.31 throughout buying and selling hours on Friday, hitting $37.13. The stock had a buying and selling quantity of 87,854 shares, in comparison with its common quantity of 389,117. The corporate has a 50 day easy transferring common of $34.70 and a two-hundred day easy transferring common of $27.69. The corporate has a debt-to-equity ratio of 1.93, a present ratio of 1.23 and a fast ratio of 0.97. U.S. Concrete, Inc. has a one yr low of $6.75 and a one yr excessive of $43.35. The agency has a market capitalization of $624.35 million, a price-to-earnings ratio of 30.21 and a beta of 1.53.

U.S. Concrete (NASDAQ:USCR) final introduced its quarterly earnings outcomes on Thursday, October 29th. The development firm reported $1.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.49. U.S. Concrete had a internet margin of 1.42% and a return on fairness of 5.54%. The agency had income of $374.20 million in the course of the quarter, in comparison with the consensus estimate of $382.38 million. Throughout the identical interval final yr, the agency earned $1.22 EPS. The enterprise’s quarterly income was down 8.5% in comparison with the identical quarter final yr. Equities analysis analysts anticipate that U.S. Concrete, Inc. will publish 1.09 earnings per share for the present yr.

Hedge funds and different institutional traders have not too long ago purchased and offered shares of the corporate. Marshall Wace North America L.P. lifted its holdings in shares of U.S. Concrete by 66.1% in the course of the 2nd quarter. Marshall Wace North America L.P. now owns 33,379 shares of the development firm’s stock worth $828,00Zero after buying a further 13,278 shares over the last quarter. State Street Corp lifted its holdings in shares of U.S. Concrete by 11.1% in the course of the 1st quarter. State Street Corp now owns 524,167 shares of the development firm’s stock worth $9,508,00Zero after buying a further 52,280 shares over the last quarter. D.A. Davidson & CO. lifted its holdings in shares of U.S. Concrete by 16.4% in the course of the 2nd quarter. D.A. Davidson & CO. now owns 41,866 shares of the development firm’s stock worth $1,038,00Zero after buying a further 5,905 shares over the last quarter. Tudor Funding Corp Et Al purchased a brand new stake in shares of U.S. Concrete in the course of the 2nd quarter worth $542,000. Lastly, Bank of America Corp DE lifted its holdings in shares of U.S. Concrete by 8.1% in the course of the 2nd quarter. Bank of America Corp DE now owns 25,500 shares of the development firm’s stock worth $633,00Zero after buying a further 1,901 shares over the last quarter. 69.52% of the stock is owned by institutional traders.

A number of brokerages have not too long ago issued reviews on USCR. Truist raised their price goal on shares of U.S. Concrete from $19.00 to $35.00 in a analysis notice on Friday, November 13th. Scotiabank reiterated a “maintain” ranking and issued a $31.00 price goal on shares of U.S. Concrete in a analysis notice on Thursday, August sixth. Sidoti lifted their price goal on shares of U.S. Concrete from $20.00 to $26.00 and gave the corporate a “impartial” ranking in a analysis notice on Wednesday, August fifth. BidaskClub upgraded shares of U.S. Concrete from a “purchase” ranking to a “strong-buy” ranking in a analysis notice on Saturday, October 10th. Lastly, Zacks Funding Analysis lowered shares of U.S. Concrete from a “maintain” ranking to a “promote” ranking in a analysis notice on Tuesday, October 27th. One analyst has rated the stock with a promote ranking, seven have issued a maintain ranking and one has assigned a robust purchase ranking to the corporate. The stock has a consensus ranking of “Maintain” and a mean price goal of $26.25.

U.S. Concrete Firm Profile

U.S. Concrete, Inc, by its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related services to the development trade in the US, the U.S. Virgin Islands, and Canada. It operates by two segments, Prepared-Blended Concrete and Mixture Merchandise.

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