The stock of US Concrete Inc (NASDAQ:USCR) is a huge mover today! About 807,200 shares traded hands or 55.71% up from the average. US Concrete Inc (NASDAQ:USCR) has declined 13.36% since April 8, 2016 and is downtrending. It has underperformed by 19.01% the S&P500.
The move comes after 6 months positive chart setup for the $1.03 billion company. It was reported on Nov, 10 by Barchart.com. We have $79.19 PT which if reached, will make NASDAQ:USCR worth $350.20M more.
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 rating was initiated by Citigroup on Tuesday, December 15 with “Neutral”. Sidoti downgraded the stock to “Neutral” rating in Wednesday, April 20 report. The stock of US Concrete Inc (NASDAQ:USCR) has “Buy” rating given on Thursday, April 21 by BB&T Capital. DA Davidson initiated the stock with “Buy” rating in Thursday, June 9 report. The stock of US Concrete Inc (NASDAQ:USCR) earned “Buy” rating by Sidoti on Tuesday, November 24.
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 is 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.
Rothschild Asset Incorporated last reported 273,120 shares in the company. Oberweis Asset Mngmt Inc has 45,480 shares for 0.82% of their US portfolio. Nationwide Fund owns 40,966 shares or 0.01% of their US portfolio. The Illinois-based Hightower Advisors Ltd Liability has invested 0.02% in US Concrete Inc (NASDAQ:USCR). Moreover, Thompson Siegel & Walmsley Ltd has 0% invested in US Concrete Inc (NASDAQ:USCR) for 4,050 shares. Bank Of Montreal Can accumulated 2,290 shares or 0% of the stock. Wells Fargo Company Mn holds 67,995 shares or 0% of its portfolio. Cubist Systematic Strategies holds 0.01% or 2,864 shares in its portfolio. Principal Grp Inc Incorporated has invested 0.03% of its portfolio in US Concrete Inc (NASDAQ:USCR). Pear Tree Advsr Inc reported 26,760 shares or 0.68% of all its holdings. Nordea Invest Management Ab accumulated 10,381 shares or 0% of the stock. Fortaleza Asset Mngmt, a Illinois-based fund reported 2,725 shares. The Georgia-based Voya Ltd Liability Co has invested 0% in US Concrete Inc (NASDAQ:USCR). State Of Tennessee Treasury Department accumulated 10,907 shares or 0% of the stock. Columbus Circle Invsts has 212,985 shares for 0.13% of their US portfolio.
Insider Transactions: Since May 12, 2016, the stock had 1 buying transaction, and 18 insider sales for $3.41 million net activity. Cellar Kurt Matthew sold $312,750 worth of stock or 5,000 shares. Another trade for 200 shares valued at $12,978 was sold by Sutherland Colin McGill. Another trade for 16,000 shares valued at $1.06M was sold by POULSEN NIEL L. SANDBROOK WILLIAM J had sold 6,500 shares worth $318,822. $390,223 worth of US Concrete Inc (NASDAQ:USCR) was sold by DAVIS JEFF L on Wednesday, July 20. ROSSI THEODORE P also sold $129,000 worth of US Concrete Inc (NASDAQ:USCR) shares. Shares for $64,050 were sold by ROBERTS JEFFREY W on Wednesday, June 8.
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.
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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