New Amsterdam Partners LLC NY lowered its holdings in shares of US Concrete Inc (NASDAQ:USCR) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,996 shares of the construction company’s stock after selling 336 shares during the period. New Amsterdam Partners LLC NY owned about 0.20% of US Concrete worth $1,199,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in US Concrete during the fourth quarter worth $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of US Concrete by 82.6% in the 4th 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 in the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of US Concrete in the 3rd quarter valued at $136,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of US Concrete in the 3rd quarter valued at $208,000. Finally, Virtu Financial LLC acquired a new stake in shares of US Concrete in the 4th quarter valued at $215,000.
Several equities research analysts have recently commented on USCR shares. Sidoti started coverage on shares of US Concrete in a research note on Monday, October 15th. They issued a “buy” rating on the stock. SunTrust Banks reduced their target price on shares of US Concrete to $47.00 and set a “buy” rating on the stock in a research note on Wednesday, November 21st. Citigroup reduced their target price on shares of US Concrete from $63.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. DA Davidson reduced their target price on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, January 2nd. Finally, BidaskClub upgraded shares of US Concrete from a “sell” rating to a “hold” rating in a research note on Tuesday, November 27th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $68.26.
Shares of NASDAQ USCR opened at $36.50 on Friday. The stock has a market cap of $613.93 million, a P/E ratio of 13.47, a P/E/G ratio of 1.13 and a beta of 1.30. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.10 and a current ratio of 1.28. US Concrete Inc has a 12-month low of $27.68 and a 12-month high of $79.60.
In related news, Director Theodore P. Rossi purchased 40,000 shares of US Concrete stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average price of $33.40 per share, for a total transaction of $1,336,000.00. Following the transaction, the director now directly owns 55,310 shares in the company, valued at $1,847,354. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Martin Rayner purchased 5,000 shares of US Concrete stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $35.25 per share, for a total transaction of $176,250.00. Following the transaction, the director now owns 53,028 shares in the company, valued at $1,869,237. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 64,100 shares of company stock worth $2,207,936 and have sold 510 shares worth $18,885. 5.30% of the stock is owned by corporate insiders.
US Concrete Profile
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 uses, on-site and lab-based product quality control, and customized delivery programs.
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