Us Concrete Inc (USCR) Files Form 4 Insider Selling : Niel L Poulsen Sells 16,000 Shares

Us Concrete Inc (USCR): Niel L Poulsen , EVP – Southeast Division of Us Concrete Inc sold 16,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $66.00 per share for a total value of $1,056,000.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Colin Mcgill Sutherland (director) sold 200 shares at $64.89 per share price.On May 11, 2016, Wallace H Johnson (VP – Marketing & Sales) sold 5,000 shares at $64.00 per share price.Also, On May 11, 2016, Kevin Kohutek (VP & GM-Atlantic Region) sold 5,000 shares at $66.15 per share price.On Apr 29, 2016, William J Sandbrook (President & CEO) sold 6,500 shares at $67.10 per share price.

Shares of US Concrete Inc (USCR) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -3.41 points or -5.40% at $59.73 with 5,24,951 shares getting traded. Post opening the session at $62.9, the shares hit an intraday low of $58.77 and an intraday high of $62.97 and the price vacillated in this range throughout the day. The company has a market cap of $905 M and the number of outstanding shares has been calculated to be 1,51,55,634 shares. The 52-week high of US Concrete Inc is $69.66 and the 52-week low is $35.8.

US Concrete Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.US Concrete Inc is Initiated by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $80. The Rating was issued on Apr 21, 2016.US Concrete Inc is Downgraded by Sidoti to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 20, 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.

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