Us Concrete Inc (USCR): William J Sandbrook , President & CEO of Us Concrete Inc sold 6,500 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 23, 2016 to the Securities and Exchange Commission. The shares were sold at $47.22 per share for a total value of $305,442.19 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 13, 2016, Colin Mcgill Sutherland (director) sold 200 shares at $48.99 per share price.On Aug 24, 2016, William J Sandbrook (President & CEO) sold 6,500 shares at $56.51 per share price.Also, On Aug 9, 2016, Niel L Poulsen (EVP – Southeast Division) purchased 18,000 shares at $56.00 per share price.On Jun 21, 2016, Jeffrey W Roberts (VP & GM – Ingram Concrete, LLC) sold 1,000 shares at $61.11 per share price.
US Concrete Inc: On Thursday, Sep 22, 2016 heightened volatility was witnessed in US Concrete Inc which led to swings in the share price. The shares opened for trading at $47.86 and hit $49.4 on the upside , eventually ending the session at $48.99, with a gain of 3.38% or 1.6 points. The heightened volatility saw the trading volume jump to 6,28,065 shares. The 52-week high of the share price is $69.66 and the company has a market cap of $746 M . The 52-week low of the share price is at $40.42.
Company has been under the radar of several Street Analysts.US Concrete Inc is Initiated by SunTrust to Buy and the brokerage firm has set the Price Target at $75. The Rating was issued on Aug 8, 2016.
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.