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Macquarie Group Ltd. US 31.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,268 shares of the construction company's stock after acquiring an additional 8,180 shares during the period. Macquarie Group Ltd. 0.20% of US Concrete worth $ 1,799,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of US Concrete by 9.1% during the second quarter. BlackRock Inc. now owns 2,201,224 shares of the construction company's stock value at $ 115,564,000 after buying an additional 184,453 shares during the last quarter. Bank of New York Mellon Corp. boosted its position in shares of US Concrete by 51.9% during the second quarter. Bank of New York Mellon Corp. now owns 2,078,115 shares of the construction company's stock value at $ 109,101,000 after buying an additional 709,745 shares during the last quarter. Hodges Capital Management Inc. boosted its position in shares of US Concrete by 446.1% during the second quarter. Hodges Capital Management Inc. now owns 687,255 shares of the construction company's stock value at $ 36,081,000 after buying an additional 561,405 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of US Concrete by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 602,860 shares of the construction company's stock value at $ 31,650,000 after buying an additional 14,708 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its position in shares of US Concrete by 2.9% during the second quarter. Tocqueville Asset Management LP now owns 451,180 shares of the construction company's stock value at $ 23,687,000 after buying an additional 12,525 shares during the last quarter.
USCR has been the topic of several badyst reports. ValuEngine cut US Concrete from a "sell" rating to a "strong sell" rating in a research report on Tuesday, June 26th. BidaskClub Raised United States of America in the United States on September 14th. Zacks Investment Research cut US Concrete from a "hold" rating to a "sell" rating in a research report on Saturday, October 13th. DA Davidson reaffirmed a "buy" rating and set a $ 87.00 target price (based on $ 95.00) Finally, Citigroup cut their target price on US Concrete from $ 77.00 to $ 74.00 and set a "$ 53.95" rating on the stock market research on Monday, July 23rd. Three investment badysts have rated the stock and have badigned a rating to the company. The company has an average rating of "Hold" and a consensus target price of $ 80.00.
USCR stock traded down $ 0.49 during midday trading on Monday, hitting $ 30.87. The company 's stock had a trading volume of 597,990 shares, compared to its average volume of 390,586. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 2.27. US Concrete Inc has a year of $ 30.48 and a 1 year high of $ 86.35. The stock has a market cap of $ 527.41 million, a P / E ratio of 11.39, a P / E / G ratio of 0.95 and a beta of 1.06.
US Concrete (NASDAQ: USCR) Last Posted on Tuesday, August 7th. The construction company reported $ 1.08 per share for the quarter, missing the Thomson Reuters' consensus estimate of $ 1.29 by ($ 0.21). US Concrete had a return on equity of 12.82% and a net margin of 2.34%. The business had revenue of $ 404.20 million during the quarter, compared to badysts' expectations of $ 390.55 million. During the same period in the prior year, the firm posted $ 0.95 EPS. The firm's revenue for the quarter was up 18.6% on a year-over-year basis. As a group, badysts forecast that US Concrete Inc. will post 3.29 earnings per share for the current fiscal year.
In other news, CFO John E. Kunz bought 1,000 shares of the stock in a transaction on Thursday, August 9th. The shares were purchased at an average cost of $ 51.76 per share, for a total transaction of $ 51,760.00. 13,356 shares in the company, valued at approximately $ 691,306.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kurt Matthew Cellar bought 2,000 shares of the stock in a transaction on Tuesday, September 4th. The stock was purchased at an average price of $ 48.30 per share, for a total transaction of $ 96,600.00. 45,309 shares of the company's stock, valued at $ 2,188,424.70. The disclosure for this purchase can be found here. In the last three months, insiders acquired 8,650 shares of company stock worth $ 424,178 and sold 9,390 shares worth $ 480,896. 5.30% of the stock is currently owned by insiders.
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 and Canada. It operates through two segments, Ready Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design, on-site and the product-quality control and customized delivery programs.
Further Reading: Book Value Per Share – BVPS
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