Worth Watching: What Next for US Concrete Inc Stock After Today’s Big Decline?

Worth Watching: What Next for US Concrete Inc Stock After Today's Big Decline?

The stock of US Concrete Inc (NASDAQ:USCR) is a huge mover today! The stock decreased 3.92% or $1.81 during the last trading session, hitting $44.26. About 845,143 shares traded hands or 32.04% up from the average. US Concrete Inc (NASDAQ:USCR) has declined 16.68% since March 1, 2016 and is downtrending. It has underperformed by 28.90% the S&P500.
The move comes after 8 months negative chart setup for the $671.16 million company. It was reported on Oct, 4 by Barchart.com. We have $41.60 PT which if reached, will make NASDAQ:USCR worth $40.27M less.

Analysts await US Concrete Inc (NASDAQ:USCR) to report earnings on November, 3. They expect $1.39 EPS, down 23.63% or $0.43 from last year’s $1.82 per share. USCR’s profit will be $21.08 million for 7.96 P/E if the $1.39 EPS becomes a reality. After $0.42 actual EPS reported by US Concrete Inc for the previous quarter, Wall Street now forecasts 230.95% EPS growth.

US Concrete Inc (NASDAQ:USCR) Ratings Coverage

Out of 4 analysts covering U.S. Concrete (NASDAQ:USCR), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. U.S. Concrete has been the topic of 5 analyst reports since November 24, 2015 according to StockzIntelligence Inc. The stock of US Concrete Inc (NASDAQ:USCR) earned “Buy” rating by Sidoti on Tuesday, November 24. The company was initiated on Thursday, June 9 by DA Davidson. BB&T Capital initiated US Concrete Inc (NASDAQ:USCR) on Thursday, April 21 with “Buy” rating. The firm has “Neutral” rating by Citigroup given on Tuesday, December 15. As per Wednesday, April 20, the company rating was downgraded by Sidoti.

According to Zacks Investment Research, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA.”

Insitutional Activity: The institutional sentiment decreased to 1.25 in 2016 Q2. Its down 0.39, from 1.64 in 2016Q1. The ratio dived, as 23 funds sold all US Concrete Inc shares owned while 61 reduced positions. 39 funds bought stakes while 66 increased positions. They now own 14.83 million shares or 12.54% less from 16.95 million shares in 2016Q1.
Lpl Fincl Lc holds 0.01% of its portfolio in US Concrete Inc (NASDAQ:USCR) for 21,364 shares. Hancock Holdings Com last reported 116,910 shares in the company. Tower Rech Limited Liability Com (Trc) last reported 1,468 shares in the company. Huntington Bank holds 0% or 415 shares in its portfolio. The Connecticut-based Point72 Asset Mngmt Ltd Partnership has invested 0% in US Concrete Inc (NASDAQ:USCR). Goldman Sachs Group has invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). New York State Common Retirement Fund has invested 0% of its portfolio in US Concrete Inc (NASDAQ:USCR). Lyon Street Capital Lc has 0.85% invested in the company for 24,708 shares. Ls Advisors Ltd Liability Company holds 0% of its portfolio in US Concrete Inc (NASDAQ:USCR) for 477 shares. Arcadia Inv Mi owns 418 shares or 0.01% of their US portfolio. Parametric Associates Limited Co accumulated 0% or 33,653 shares. Insight Rech & Mngmt reported 52,207 shares or 1.11% of all its holdings. Moreover, Columbia Partners L L C Invest has 0.53% invested in US Concrete Inc (NASDAQ:USCR) for 116,673 shares. Bowen Hanes And Inc owns 255,000 shares or 0.84% of their US portfolio. Allianz Asset Management Ag has invested 0.01% of its portfolio in US Concrete Inc (NASDAQ:USCR).

Insider Transactions: Since April 12, 2016, the stock had 1 buying transaction, and 21 selling transactions for $4.19 million net activity. On Wednesday, July 27 the insider SANDBROOK WILLIAM J sold $429,465. Cellar Kurt Matthew also sold $312,750 worth of US Concrete Inc (NASDAQ:USCR) shares. $12,820 worth of shares were sold by Sutherland Colin McGill on Monday, June 13. 16,000 shares with value of $1.06M were sold by POULSEN NIEL L on Monday, May 16. On Thursday, May 26 ROSSI THEODORE P sold $255,915 worth of the stock or 4,000 shares. 6,000 US Concrete Inc (NASDAQ:USCR) shares with value of $390,223 were sold by DAVIS JEFF L. ROBERTS JEFFREY W sold $62,650 worth of US Concrete Inc (NASDAQ:USCR) on Friday, June 3.

More news for US Concrete Inc (NASDAQ:USCR) were recently published by: Bloomberg.com, which released: “U.S. Concrete CEO Prowls for Deals as 18-Fold Stock Gain Stalls” on September 20, 2016. Benzinga.com‘s article titled: “StreetSweeper: U.S. Concrete ‘Ready To Crack'” and published on March 30, 2016 is yet another important article.

USCR Company Profile

U.S. Concrete, Inc., incorporated on July 15, 1997, is a producer of ready-mixed concrete in a range of geographic markets in the United States. The Firm conducts its activities through two business divisions: 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. The aggregate products segment produces crushed stone, sand and gravel. The Firm operates approximately 140 standard ready-mixed concrete plants, over 20 volumetric ready-mixed concrete facilities, approximately 10 producing aggregates facilities, over three aggregates distribution terminals, over two lime slurry facilities and one recycled aggregates facility. The Firm operates over 1,360 drum mixer trucks and approximately 120 volumetric mixer trucks.

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