In today’s session US Concrete Inc (USCR) registered an unusually high (4,532) 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 4,532 contracts traded and 7374 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: USCR161118C00050000 closed last at: $2.85 or 21.3% up. About 93,474 shares traded hands. US Concrete Inc (NASDAQ:USCR) has declined 9.06% since March 14, 2016 and is downtrending. It has underperformed by 14.67% 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 $21.46 million for 9.00 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. Sidoti initiated the shares of USCR in a report on Tuesday, November 24 with “Buy” rating. The stock has “Neutral” rating given by Citigroup on Tuesday, December 15. DA Davidson initiated the shares of USCR in a report on Thursday, June 9 with “Buy” rating. The rating was downgraded by Sidoti to “Neutral” on Wednesday, April 20. BB&T Capital initiated the shares of USCR in a report on Thursday, April 21 with “Buy” rating.
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 dropped, 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.
The New York-based Gm Advisory has invested 5.04% in US Concrete Inc (NASDAQ:USCR). Amp Investors Limited owns 3,400 shares or 0% of their US portfolio. Columbia Prtnrs L L C Invest Mgmt has 116,673 shares for 0.53% of their US portfolio. Alliancebernstein Ltd Partnership has invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). Hanseatic Services has 0% invested in the company for 46 shares. California Employees Retirement Systems has 42,900 shares for 0% of their US portfolio. State Street holds 0% of its portfolio in US Concrete Inc (NASDAQ:USCR) for 277,407 shares. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 254 shares in the company. Cubist Systematic Strategies Ltd Com accumulated 2,864 shares or 0.01% of the stock. Moreover, Copper Rock Capital Ltd has 1.9% invested in US Concrete Inc (NASDAQ:USCR) for 412,679 shares. Magee Thomson Inv Prtnrs Limited Liability Corp accumulated 0% or 12 shares. Blackrock Fund Advisors accumulated 882,651 shares or 0.01% of the stock. Cortina Asset Management Limited Com, a Wisconsin-based fund reported 401,355 shares. Rk Capital Mngmt owns 175,188 shares or 1.9% of their US portfolio. Timpani Cap Mngmt Ltd Llc has 2.8% invested in the company for 108,426 shares.
Insider Transactions: Since April 27, 2016, the stock had 1 insider purchase, and 21 insider sales for $4.19 million net activity. Another trade for 4,000 shares valued at $257,000 was sold by ROSSI THEODORE P. SANDBROOK WILLIAM J also sold $305,442 worth of US Concrete Inc (NASDAQ:USCR) shares. Another trade for 5,000 shares valued at $330,751 was sold by Kohutek Kevin. The insider Sutherland Colin McGill sold 200 shares worth $12,978. 5,000 US Concrete Inc (NASDAQ:USCR) shares with value of $320,000 were sold by Johnson Wallace H. Another trade for 1,000 shares valued at $62,650 was sold by ROBERTS JEFFREY W. DAVIS JEFF L had sold 6,000 shares worth $390,223.
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 $772.58 million. The Firm conducts its activities through two divisions. It has a 70.23 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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