US Concrete Inc (USCR) : Copper Rock Capital Partners scooped up 6,399 additional shares in US Concrete Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 412,679 shares of US Concrete Inc which is valued at $27,220,307.US Concrete Inc makes up approximately 1.98% of Copper Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab added USCR to its portfolio by purchasing 10,381 company shares during the most recent quarter which is valued at $684,731. Americafirst Capital Management sold out all of its stake in USCR during the most recent quarter. The investment firm sold 8,178 shares of USCR which is valued $539,421.Cutler Group Lp boosted its stake in USCR in the latest quarter, The investment management firm added 8,317 additional shares and now holds a total of 10,870 shares of US Concrete Inc which is valued at $685,354. US Concrete Inc makes up approx 0.05% of Cutler Group Lp’s portfolio.Curian Capital reduced its stake in USCR by selling 12,165 shares or 61.83% in the most recent quarter. The Hedge Fund company now holds 7,509 shares of USCR which is valued at $463,606. US Concrete Inc makes up approx 0.03% of Curian Capital’s portfolio. Kistler-tiffany Companies added USCR to its portfolio by purchasing 5 company shares during the most recent quarter which is valued at $309.
US Concrete Inc opened for trading at $65.41 and hit $66.014 on the upside on Wednesday, eventually ending the session at $65.96, with a gain of 0.75% or 0.49 points. The heightened volatility saw the trading volume jump to 1,97,860 shares. Company has a market cap of $1,000 M.
On the company’s financial health, US Concrete Inc reported $0.31 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.22. The company had revenue of $245.00 million for the quarter, compared to analysts expectations of $221.14 million. The company’s revenue was up 43.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on US Concrete Inc. US Concrete Inc was Upgraded by Sidoti to ” Buy” on Jun 10, 2016. DA Davidson Initiated US Concrete Inc on Jun 9, 2016 to “Buy”, Price Target of the shares are set at $80.BB&T Capital Mkts Initiated US Concrete Inc on Apr 21, 2016 to “Buy”, Price Target of the shares are set at $80.
U.S. Concrete Inc. is a producer of ready-mixed concrete in select markets in the United States. The Company operates through two segments: ready-mixed concrete and aggregate products. Its ready-mixed concrete engages in the formulation production and delivery of ready-mixed concrete to its customers’ job sites. It provides ready-mixed concrete from its operations in north Texas west Texas northern California New Jersey New York Washington D.C. and Oklahoma. Its aggregate products segment produces crushed stone sand and gravel from seven aggregates facilities located in New Jersey and Texas. Its customers include contractors for commercial and industrial residential street and highway and other public works construction. It has approximately 139 ready-mixed concrete plants 16 volumetric ready-mixed concrete facilities and 12 producing aggregates facilities. Its Wantage Stone reserves a site development quarry which include an 80 acre land that is located in New Jersey.