The stock of US Concrete Inc (NASDAQ:USCR) is a huge mover today! The stock increased 0.48% or $0.24 during the last trading session, hitting $49.9. About 457,421 shares traded hands. US Concrete Inc (NASDAQ:USCR) has declined 20.82% since March 29, 2016 and is downtrending. It has underperformed by 24.30% the S&P500.
The move comes after 9 months positive chart setup for the $771.08 million company. It was reported on Oct, 31 by Barchart.com. We have $64.87 PT which if reached, will make NASDAQ:USCR worth $231.32 million more.
Analysts await US Concrete Inc (NASDAQ:USCR) to report earnings on November, 3. They expect $1.39 EPS, down 23.63% or $0.43 from last year’s $1.82 per share. USCR’s profit will be $21.48M for 8.97 P/E if the $1.39 EPS becomes a reality. After $0.42 actual EPS 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. On Thursday, April 21 the stock rating was initiated by BB&T Capital with “Buy”. Citigroup initiated the stock with “Neutral” rating in Tuesday, December 15 report. The company was initiated on Thursday, June 9 by DA Davidson. The rating was initiated by Sidoti with “Buy” on Tuesday, November 24. The stock of US Concrete Inc (NASDAQ:USCR) has “Neutral” rating given on Wednesday, April 20 by Sidoti.
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 2016 Q2. 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.
Vanguard Gp has invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). Principal Group Inc Inc accumulated 338,935 shares or 0.03% of the stock. The California-based California Pub Employees Retirement System has invested 0% in US Concrete Inc (NASDAQ:USCR). Alliancebernstein L P holds 0% or 18,900 shares in its portfolio. Moreover, Rbf Capital Llc has 0.06% invested in US Concrete Inc (NASDAQ:USCR) for 5,211 shares. Tiaa Cref Inv Limited Company last reported 0% of its portfolio in the stock. National Bank Of New York Mellon holds 282,493 shares or 0.01% of its portfolio. Amer Intl Inc last reported 10,571 shares in the company. State Street owns 277,407 shares or 0% of their US portfolio. Teachers Retirement Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Next Century Growth Invsts Limited has 558,491 shares for 1.59% of their US portfolio. Tower Capital Limited Liability Corporation (Trc) last reported 1,468 shares in the company. Zelman Capital Limited Liability Company owns 301,469 shares or 3.26% of their US portfolio. Capstone Asset Mngmt has invested 0.01% of its portfolio in US Concrete Inc (NASDAQ:USCR). Columbia Prtn L L C Inv Mgmt last reported 116,673 shares in the company.
Insider Transactions: Since May 10, 2016, the stock had 1 insider purchase, and 21 insider sales for $4.08 million net activity. 6,500 shares were sold by SANDBROOK WILLIAM J, worth $318,822 on Wednesday, October 26. The insider Johnson Wallace H sold $320,000. $255,915 worth of US Concrete Inc (NASDAQ:USCR) shares were sold by ROSSI THEODORE P. $12,978 worth of US Concrete Inc (NASDAQ:USCR) shares were sold by Sutherland Colin McGill. POULSEN NIEL L had bought 18,000 shares worth $1.01M on Monday, August 8. $390,223 worth of US Concrete Inc (NASDAQ:USCR) shares were sold by DAVIS JEFF L. 5,000 shares were sold by Cellar Kurt Matthew, worth $312,750 on Tuesday, June 7.
More recent US Concrete Inc (NASDAQ:USCR) news were published by: Bloomberg.com which released: “U.S. Concrete CEO Prowls for Deals as 18-Fold Stock Gain Stalls” on September 20, 2016. Also Moodys.com published the news titled: “Moody’s rates U.S. Concrete’s proposed senior notes at B3 with positive outlook” on May 17, 2016. Benzinga.com‘s news article titled: “StreetSweeper: U.S. Concrete ‘Ready To Crack'” with publication date: March 30, 2016 was also an interesting one.
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.
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