November 28, 2016 - By Louis Casey
Trade totalling a total of $387,679 U.S. Dollars was disclosed in a public form submitted to the Security Exchange Commission on November 28, 2016. According to which, William Sandbrook, the President & CEO of Us Concrete Inc also an insider of the corporation had sold exactly 6,500 shares – ( at $59.6 for a share ). In the last month, he also sold 6,500 shares worth $318,822 USD. Currently, William Sandbrook owns 480,905 shares which make up roughly 3.30% of Us Concrete Inc’s market cap (total dollar market value of all company’s outstanding shares).
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 stock of US Concrete Inc (NASDAQ:USCR) earned “Buy” rating by Sidoti on Tuesday, November 24. The firm earned “Buy” rating on Thursday, June 9 by DA Davidson. The rating was downgraded by Sidoti to “Neutral” on Wednesday, April 20. The stock has “Buy” rating given by BB&T Capital on Thursday, April 21. The stock of US Concrete Inc (NASDAQ:USCR) has “Neutral” rating given on Tuesday, December 15 by Citigroup.
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.23, from 1.25 in 2016Q1. The ratio turned 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.
Waratah Advsrs owns 8,410 shares or 0.1% of their US portfolio. Goldman Sachs Inc holds 0% or 55,206 shares in its portfolio. Copper Rock Capital Prtnrs Ltd Com has invested 1.9% of its portfolio in US Concrete Inc (NASDAQ:USCR). Blackrock Invest Mgmt Ltd Liability Com accumulated 0% or 59,516 shares. Envestnet Asset Mgmt owns 3,425 shares or 0% of their US portfolio. Point72 Asset Mngmt Lp last reported 0% of its portfolio in the stock. Peregrine Asset Advisers has invested 0.2% of its portfolio in US Concrete Inc (NASDAQ:USCR). Magee Thomson Investment Ptnrs Ltd Liability last reported 12 shares in the company. Lord Abbett Llc, a New Jersey-based fund reported 331,386 shares. Capstone Asset Mngmt accumulated 0.01% or 7,880 shares. Granite Investment Partners Lc last reported 0.69% of its portfolio in the stock. Hancock Holdg has invested 0.3% of its portfolio in US Concrete Inc (NASDAQ:USCR). Morgan Stanley owns 182,152 shares or 0% of their US portfolio. The New York-based Art Advsrs Lc has invested 0.12% in US Concrete Inc (NASDAQ:USCR). Blackrock Advsr Limited holds 6,913 shares or 0% of its portfolio.
Insider Transactions: Since June 3, 2016, the stock had 1 insider buy, and 16 selling transactions for $1.70 million net activity. 6,500 shares were sold by SANDBROOK WILLIAM J, worth $305,442 on Wednesday, September 21. Shares for $1.01 million were bought by POULSEN NIEL L on Monday, August 8. Another trade for 200 shares valued at $11,224 was made by Sutherland Colin McGill on Friday, August 12. $129,000 worth of US Concrete Inc (NASDAQ:USCR) was sold by ROSSI THEODORE P. On Tuesday, June 7 the insider Cellar Kurt Matthew sold $312,750. On Friday, June 3 ROBERTS JEFFREY W sold $62,650 worth of the stock or 1,000 shares. Another trade for 6,000 shares valued at $390,223 was made by DAVIS JEFF L on Wednesday, July 20.
About 311,628 shares traded hands. US Concrete Inc (NASDAQ:USCR) has declined 9.37% since April 25, 2016 and is downtrending. It has underperformed by 15.38% the S&P500.
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 $916.05 million. The Firm conducts its activities through two divisions. It has a 19.85 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.
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.”
Analysts await US Concrete Inc (NASDAQ:USCR) to report earnings on March, 2. They expect $0.60 earnings per share, down 30.23% or $0.26 from last year’s $0.86 per share. USCR’s profit will be $9.38M for 24.42 P/E if the $0.60 EPS becomes a reality. After $1.09 actual earnings per share reported by US Concrete Inc for the previous quarter, Wall Street now forecasts -44.95% negative EPS growth.
Another recent and important US Concrete Inc (NASDAQ:USCR) news was published by Streetinsider.com which published an article titled: “Form 4 US CONCRETE INC For: Nov 23 Filed by: SANDBROOK WILLIAM J” on November 28, 2016.
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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By Louis Casey