US Concrete Inc (NASDAQ:USCR) Sentiment Change Report

U.S. Concrete, Inc. (NASDAQ:USCR) Logo

Sentiment for US Concrete Inc (NASDAQ:USCR)

US Concrete Inc (NASDAQ:USCR) institutional sentiment increased to 0.98 in 2018 Q4. Its up 0.05, from 0.93 in 2018Q3. The ratio has increased, as 85 investment professionals increased or opened new stock positions, while 87 reduced and sold their equity positions in US Concrete Inc. The investment professionals in our partner’s database reported: 16.02 million shares, down from 17.91 million shares in 2018Q3. Also, the number of investment professionals holding US Concrete Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 33 Reduced: 54 Increased: 58 New Position: 27.

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 $676.99 million. It operates through two divisions, Ready-Mixed Concrete and Aggregate Products. It has a 22.82 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 increased 1.20% or $0.49 during the last trading session, reaching $41.48. About 242,163 shares traded. U.S. Concrete, Inc. (NASDAQ:USCR) has declined 42.02% since March 17, 2018 and is downtrending. It has underperformed by 46.39% the S&P500.

Analysts await U.S. Concrete, Inc. (NASDAQ:USCR) to report earnings on April, 29. They expect $0.04 EPS, down 20.00 % or $0.01 from last year’s $0.05 per share. USCR’s profit will be $652,832 for 259.25 P/E if the $0.04 EPS becomes a reality. After $0.32 actual EPS reported by U.S. Concrete, Inc. for the previous quarter, Wall Street now forecasts -87.50 % negative EPS growth.

Hodges Capital Management Inc. holds 3.21% of its portfolio in U.S. Concrete, Inc. for 809,565 shares. First Dallas Securities Inc. owns 64,274 shares or 1.89% of their US portfolio. Moreover, Monarch Partners Asset Management Llc has 1.1% invested in the company for 215,300 shares. The New York-based Gm Advisory Group Inc. has invested 1.08% in the stock. Shellback Capital Lp, a Massachusetts-based fund reported 159,309 shares.

Since January 1, 0001, it had 6 insider purchases, and 3 selling transactions for $2.19 million activity.

U.S. Concrete, Inc. (NASDAQ:USCR) Ratings Coverage

Ratings analysis reveals 67% of US Concrete’s analysts are positive. Out of 3 Wall Street analysts rating US Concrete, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $53 while the high is $87. The stock’s average target of $61.50 is 48.26% above today’s ($41.48) share price. USCR was included in 4 notes of analysts from October 11, 2018. The firm has “Buy” rating by DA Davidson given on Wednesday, January 2. The company was downgraded on Thursday, January 31 by SunTrust. The rating was maintained by DA Davidson with “Buy” on Thursday, October 11. Citigroup maintained U.S. Concrete, Inc. (NASDAQ:USCR) rating on Friday, January 4. Citigroup has “Buy” rating and $53 target.

More notable recent U.S. Concrete, Inc. (NASDAQ:USCR) news were published by: Nasdaq.com which released: “Notable Tuesday Option Activity: PEN, USCR, KBR – Nasdaq” on February 19, 2019, also Fool.com with their article: “Why U.S. Concrete Stock Rose 12.5% in February – Motley Fool” published on March 05, 2019, Fool.com published: “US Concrete (USCR) Q4 2018 Earnings Conference Call Transcript – The Motley Fool” on February 26, 2019. More interesting news about U.S. Concrete, Inc. (NASDAQ:USCR) were released by: Benzinga.com and their article: “Earnings Scheduled For February 26, 2019 – Benzinga” published on February 26, 2019 as well as Seekingalpha.com‘s news article titled: “US Concrete, Inc. (USCR) CEO William Sandbrook on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” with publication date: February 26, 2019.

U.S. Concrete, Inc. (NASDAQ:USCR) Institutional Positions Chart

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