Adell Harriman & Carpenter Inc. Decreases Holdings in U S Concrete, Inc. (USCR)

Adell Harriman & Carpenter Inc. lowered its stake in shares of U S Concrete, Inc. (NASDAQ:USCR) by 62.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,900 shares of the construction company’s stock after selling 6,600 shares during the period. Adell Harriman & Carpenter Inc.’s holdings in U S Concrete were worth $298,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Rhumbline Advisers lifted its stake in shares of U S Concrete by 3.4% in the 3rd quarter. Rhumbline Advisers now owns 29,394 shares of the construction company’s stock valued at $2,243,000 after purchasing an additional 960 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of U S Concrete by 77.3% in the 3rd quarter. Advisor Group Inc. now owns 4,756 shares of the construction company’s stock valued at $363,000 after purchasing an additional 2,074 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of U S Concrete by 60.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 5,660 shares of the construction company’s stock valued at $432,000 after purchasing an additional 2,140 shares during the last quarter. Sei Investments Co. lifted its stake in shares of U S Concrete by 49.2% in the 3rd quarter. Sei Investments Co. now owns 104,873 shares of the construction company’s stock valued at $8,002,000 after purchasing an additional 34,595 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of U S Concrete by 68.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 7,641 shares of the construction company’s stock valued at $583,000 after purchasing an additional 3,104 shares during the last quarter.

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Several research firms recently issued reports on USCR. ValuEngine lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of U S Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price objective on shares of U S Concrete in a research note on Thursday, September 28th. Citigroup Inc. lifted their price objective on shares of U S Concrete to $92.00 and gave the company a “buy” rating in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $89.00.

In related news, CEO William J. Sandbrook sold 6,500 shares of U S Concrete stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $75.80, for a total value of $492,700.00. Following the transaction, the chief executive officer now owns 412,091 shares in the company, valued at approximately $31,236,497.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction on Friday, September 1st. The stock was sold at an average price of $81.56, for a total transaction of $29,443.16. Following the completion of the transaction, the vice president now owns 10,804 shares in the company, valued at approximately $881,174.24. The disclosure for this sale can be found here. Insiders sold a total of 8,061 shares of company stock worth $614,718 in the last quarter. Insiders own 5.90% of the company’s stock.

Shares of U S Concrete, Inc. (NASDAQ:USCR) traded down $1.22 on Tuesday, reaching $78.12. 76,187 shares of the company traded hands, compared to its average volume of 248,759. The company has a market cap of $1,300.00, a P/E ratio of 26.58, a PEG ratio of 2.54 and a beta of 1.32. U S Concrete, Inc. has a 12-month low of $55.05 and a 12-month high of $83.85. The company has a quick ratio of 2.12, a current ratio of 2.31 and a debt-to-equity ratio of 2.35.

U S Concrete (NASDAQ:USCR) last announced its earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.47). The firm had revenue of $354.60 million during the quarter, compared to the consensus estimate of $364.16 million. U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. The business’s revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.19 EPS. equities research analysts forecast that U S Concrete, Inc. will post 3.11 EPS for the current year.

About U S Concrete

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: 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.

Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

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