Sentiment for US Concrete Inc (NASDAQ:USCR)
US Concrete Inc (NASDAQ:USCR) institutional sentiment increased to 1.23 in Q2 2019. Its up 0.22, from 1.01 in 2019Q1. The ratio is better, as 79 hedge funds increased or opened new holdings, while 64 sold and trimmed stock positions in US Concrete Inc. The hedge funds in our partner’s database reported: 15.31 million shares, up from 15.03 million shares in 2019Q1. Also, the number of hedge funds holding US Concrete Inc in their top 10 holdings increased from 0 to 3 for an increase of 3. Sold All: 17 Reduced: 47 Increased: 53 New Position: 26.
U.S. Concrete, Inc. produces and sells ready-mixed concrete, aggregates, and concrete-related services and products for the construction industry in the United States. The company has market cap of $667.94 million. It operates through two divisions, Ready-Mixed Concrete and Aggregate Products. It has a 50.63 P/E ratio. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customersÂ’ job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab product quality control, and customized delivery programs.
The stock decreased 0.05% or $0.02 during the last trading session, reaching $40. About 406,867 shares traded or 73.32% up from the average. U.S. Concrete, Inc. (NASDAQ:USCR) has declined 7.76% since December 4, 2018 and is downtrending. It has underperformed by 7.76% the S&P500.
Analysts await U.S. Concrete, Inc. (NASDAQ:USCR) to report earnings on February, 25. They expect $1.09 EPS, up 240.63 % or $0.77 from last year’s $0.32 per share. USCR’s profit will be $18.20M for 9.17 P/E if the $1.09 EPS becomes a reality. After $0.79 actual EPS reported by U.S. Concrete, Inc. for the previous quarter, Wall Street now forecasts 37.97 % EPS growth.
Ack Asset Management Llc holds 5.91% of its portfolio in U.S. Concrete, Inc. for 472,200 shares. Lomas Capital Management Llc owns 751,649 shares or 4.02% of their US portfolio. Moreover, Hodges Capital Management Inc. has 1.96% invested in the company for 365,105 shares. The Texas-based First Dallas Securities Inc. has invested 1.36% in the stock. Gm Advisory Group Inc., a New York-based fund reported 82,165 shares.
Since January 1, 0001, it had 3 buys, and 0 selling transactions for $1.21 million activity.
U.S. Concrete, Inc. (NASDAQ:USCR) Ratings Coverage
Ratings analysis reveals 50% of U S Concrete’s analysts are positive. Out of 2 Wall Street analysts rating U S Concrete, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $4700 while the high is $6000. The stock’s average target of $51.67 is 29.18% above today’s ($40) share price. USCR was included in 6 notes of analysts from July 18, 2019. Sidoti maintained U.S. Concrete, Inc. (NASDAQ:USCR) on Monday, October 14 with “Buy” rating. The stock has “Buy” rating by Sidoti on Monday, November 11. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) earned “Equal-Weight” rating by Stephens on Monday, November 18.
More notable recent U.S. Concrete, Inc. (NASDAQ:USCR) news were published by: Benzinga.com which released: “Cramer Shares His Thoughts On Kinder Morgan, Microsoft And More – Benzinga” on November 07, 2019, also Fool.com with their article: “Here’s Why U.S. Concrete Sank 57.8% in 2018 – The Motley Fool” published on January 13, 2019, Finance.Yahoo.com published: “Why You Should Care About U.S. Concrete, Inc.â€™s (NASDAQ:USCR) Low Return On Capital – Yahoo Finance” on November 06, 2019. More interesting news about U.S. Concrete, Inc. (NASDAQ:USCR) were released by: Seekingalpha.com and their article: “US Concrete EPS misses by $0.03, misses on revenue – Seeking Alpha” published on November 08, 2019 as well as Streetinsider.com‘s news article titled: “Stephens Downgrades US Concrete (USCR) to Equal Weight – StreetInsider.com” with publication date: November 18, 2019.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.