Colin Mcgill Sutherland Sells 250 Shares of US Concrete Inc (USCR) Stock

US Concrete Inc (NASDAQ:USCR) Director Colin Mcgill Sutherland sold 250 shares of US Concrete stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $48.22, for a total value of $12,055.00. Following the transaction, the director now owns 12,488 shares in the company, valued at approximately $602,171.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Colin Mcgill Sutherland also recently made the following trade(s):

  • On Monday, April 22nd, Colin Mcgill Sutherland sold 250 shares of US Concrete stock. The stock was sold at an average price of $44.88, for a total value of $11,220.00.
  • On Tuesday, March 19th, Colin Mcgill Sutherland sold 250 shares of US Concrete stock. The stock was sold at an average price of $42.53, for a total value of $10,632.50.

NASDAQ:USCR traded down $0.99 on Wednesday, reaching $49.27. The company’s stock had a trading volume of 288,182 shares, compared to its average volume of 293,632. US Concrete Inc has a 12-month low of $27.68 and a 12-month high of $65.85. The company has a quick ratio of 1.06, a current ratio of 1.25 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $830.45 million, a P/E ratio of 25.53, a P/E/G ratio of 1.75 and a beta of 1.29.

US Concrete (NASDAQ:USCR) last posted its earnings results on Thursday, May 9th. The construction company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.01). US Concrete had a net margin of 2.06% and a return on equity of 8.76%. The business had revenue of $333.10 million during the quarter, compared to analysts’ expectations of $342.80 million. During the same quarter in the prior year, the firm earned ($0.23) EPS. US Concrete’s revenue for the quarter was up 1.6% compared to the same quarter last year. Sell-side analysts anticipate that US Concrete Inc will post 2.79 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new stake in US Concrete in the fourth quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in US Concrete by 82.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,132 shares of the construction company’s stock valued at $40,000 after purchasing an additional 512 shares during the period. Advisory Services Network LLC raised its position in US Concrete by 20.2% in the first quarter. Advisory Services Network LLC now owns 2,498 shares of the construction company’s stock valued at $103,000 after purchasing an additional 420 shares during the period. BNP Paribas Arbitrage SA raised its position in US Concrete by 55,716.7% in the first quarter. BNP Paribas Arbitrage SA now owns 3,349 shares of the construction company’s stock valued at $139,000 after purchasing an additional 3,343 shares during the period. Finally, Golden State Wealth Management LLC purchased a new stake in US Concrete in the first quarter valued at $140,000. Institutional investors own 98.51% of the company’s stock.

USCR has been the topic of a number of analyst reports. BidaskClub upgraded US Concrete from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. SunTrust Banks downgraded US Concrete from a “buy” rating to a “hold” rating and set a $37.55 price objective on the stock. in a research report on Thursday, January 31st. ValuEngine upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research upgraded US Concrete from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. US Concrete has a consensus rating of “Buy” and a consensus price target of $55.33.

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About US Concrete

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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