Time to Buy US Concrete Inc After Today’s Option Traders Bet?

 Time to Buy US Concrete Inc After Today's Option Traders Bet?

In today’s session US Concrete Inc (USCR) registered an unusually high (493) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious USCR increase. With 493 contracts traded and 10324 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: USCR161118C00045000 closed last at: $2.9 or 1.7% down. About 220,959 shares traded hands. US Concrete Inc (NASDAQ:USCR) has declined 17.17% since March 3, 2016 and is downtrending. It has underperformed by 25.51% the S&P500.

Analysts await US Concrete Inc (NASDAQ:USCR) to report earnings on November, 3. They expect $1.39 earnings per share, down 23.63% or $0.43 from last year’s $1.82 per share. USCR’s profit will be $21.46M for 8.28 P/E if the $1.39 EPS becomes a reality. After $0.42 actual earnings per share reported by US Concrete Inc for the previous quarter, Wall Street now forecasts 230.95% EPS growth.

US Concrete Inc (NASDAQ:USCR) Ratings Coverage

Out of 4 analysts covering U.S. Concrete (NASDAQ:USCR), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. U.S. Concrete has been the topic of 5 analyst reports since November 24, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, April 21 by BB&T Capital. On Tuesday, December 15 the stock rating was initiated by Citigroup with “Neutral”. The stock of US Concrete Inc (NASDAQ:USCR) earned “Buy” rating by Sidoti on Tuesday, November 24. The firm has “Neutral” rating given on Wednesday, April 20 by Sidoti. The stock of US Concrete Inc (NASDAQ:USCR) has “Buy” rating given on Thursday, June 9 by DA Davidson.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in Q2 2016. Its down 0.39, from 1.64 in 2016Q1. The ratio turned negative, as 23 funds sold all US Concrete Inc shares owned while 61 reduced positions. 39 funds bought stakes while 66 increased positions. They now own 14.83 million shares or 12.54% less from 16.95 million shares in 2016Q1.
Ubs Asset Management Americas accumulated 6,070 shares or 0% of the stock. Texas Permanent School Fund last reported 10,572 shares in the company. First Personal Fincl Services has 0% invested in the company for 176 shares. California Pub Employees Retirement accumulated 0% or 42,900 shares. Stevens Mngmt L P holds 10,104 shares or 0.02% of its portfolio. Invesco Ltd accumulated 100,712 shares or 0% of the stock. Comml Bank Of New York Mellon Corp holds 0.01% or 282,493 shares in its portfolio. Rk Cap Mngmt Ltd Com, a Colorado-based fund reported 175,188 shares. Zelman Capital Ltd holds 3.26% or 301,469 shares in its portfolio. Oxford Asset Mgmt accumulated 5,106 shares or 0.01% of the stock. Moreover, Cornerstone Capital Mgmt Lc has 0.04% invested in US Concrete Inc (NASDAQ:USCR) for 77,636 shares. Art Ltd Llc last reported 39,488 shares in the company. Springbok Management Ltd Liability Corporation holds 0.33% of its portfolio in US Concrete Inc (NASDAQ:USCR) for 38,495 shares. Paloma Prns Mgmt Company, a Connecticut-based fund reported 3,900 shares. Oberweis Asset Mgmt last reported 45,480 shares in the company.

Insider Transactions: Since April 12, 2016, the stock had 1 insider purchase, and 21 sales for $4.19 million net activity. ROBERTS JEFFREY W also sold $64,050 worth of US Concrete Inc (NASDAQ:USCR) shares. The insider Kohutek Kevin sold $330,751. $257,000 worth of US Concrete Inc (NASDAQ:USCR) was sold by ROSSI THEODORE P on Wednesday, June 8. Shares for $367,296 were sold by SANDBROOK WILLIAM J on Monday, August 22. Shares for $1.06 million were sold by POULSEN NIEL L on Monday, May 16. Johnson Wallace H sold 5,000 shares worth $320,000. Sutherland Colin McGill sold $11,224 worth of stock.

U.S. Concrete, Inc. is a producer of ready-mixed concrete in a range of geographic markets in the United States. The company has a market cap of $710.99 million. The Firm conducts its activities through two divisions. It has a 64.65 P/E ratio. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

USCR Company Profile

U.S. Concrete, Inc., incorporated on July 15, 1997, is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Firm conducts its activities through two business divisions: 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. The aggregate products segment produces crushed stone, sand and gravel. The Firm operates approximately 140 standard ready-mixed concrete plants, over 20 volumetric ready-mixed concrete facilities, approximately 10 producing aggregates facilities, over three aggregates distribution terminals, over two lime slurry facilities and one recycled aggregates facility. The Firm operates over 1,360 drum mixer trucks and approximately 120 volumetric mixer trucks.

Another recent and important US Concrete Inc (NASDAQ:USCR) news was published by Bloomberg.com which published an article titled: “U.S. Concrete CEO Prowls for Deals as 18-Fold Stock Gain Stalls” on September 20, 2016.

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