Is Buying US Concrete Inc Here a Winning Strategy? Option Traders Like The Stock

 Is Buying US Concrete Inc Here a Winning Strategy? Option Traders Like The Stock

In today’s session US Concrete Inc (USCR) registered an unusually high (349) 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 349 contracts traded and 12114 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: USCR161118C00055000 closed last at: $0.55 or 0% . About 184,759 shares traded hands. US Concrete Inc (NASDAQ:USCR) has declined 16.74% since March 30, 2016 and is downtrending. It has underperformed by 19.75% the S&P500.

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 $21.27M for 9.05 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. The firm earned “Buy” rating on Tuesday, November 24 by Sidoti. The firm has “Neutral” rating given on Tuesday, December 15 by Citigroup. DA Davidson initiated the stock with “Buy” rating in Thursday, June 9 report. The rating was initiated by BB&T Capital with “Buy” on Thursday, April 21. The stock of US Concrete Inc (NASDAQ:USCR) earned “Neutral” rating by Sidoti on Wednesday, April 20.

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.
Teachers Retirement System Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Thrivent Financial For Lutherans accumulated 0% or 6,570 shares. Voya Management Llc reported 15,595 shares or 0% of all its holdings. Insight Cap Research & Management last reported 1.11% of its portfolio in the stock. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Rothschild Asset Mgmt Incorporated has 273,120 shares for 0.3% of their US portfolio. Tower Research Capital Limited Liability (Trc) last reported 0.01% of its portfolio in the stock. Arcadia Corporation Mi accumulated 0.01% or 418 shares. Federated Investors Inc Pa last reported 105,759 shares in the company. Millennium Mngmt Lc holds 5,308 shares or 0% of its portfolio. Driehaus Management Ltd Liability holds 85,098 shares or 0.18% of its portfolio. Tci Wealth Incorporated has 0% invested in the company for 25 shares. Fmr Llc has invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). Magee Thomson Inv Partners Limited Liability Corporation, a California-based fund reported 12 shares. Nationwide Fund has 40,966 shares for 0.01% of their US portfolio.

Insider Transactions: Since May 10, 2016, the stock had 1 buying transaction, and 21 selling transactions for $4.08 million net activity. $12,482 worth of US Concrete Inc (NASDAQ:USCR) was sold by Sutherland Colin McGill on Tuesday, July 12. The insider SANDBROOK WILLIAM J sold $417,213. Shares for $64,050 were sold by ROBERTS JEFFREY W. Cellar Kurt Matthew sold 5,000 shares worth $312,750. $330,751 worth of shares were sold by Kohutek Kevin on Tuesday, May 10. $1.06 million worth of shares were sold by POULSEN NIEL L on Monday, May 16. ROSSI THEODORE P also sold $257,000 worth of US Concrete Inc (NASDAQ:USCR) shares.

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 $769.85 million. The Firm conducts its activities through two divisions. It has a 70.6 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.

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.

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