US Concrete Inc 2018 Q1 Institutional Investor Sentiment Better Than Expected

June 14, 2018 - By Dolores Ford

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

Sentiment for US Concrete Inc (NASDAQ:USCR)

US Concrete Inc (NASDAQ:USCR) institutional sentiment increased to 1.24 in Q1 2018. Its up 0.26, from 0.98 in 2017Q4. The ratio has increased, as 108 hedge funds increased and started new stock positions, while 87 sold and trimmed positions in US Concrete Inc. The hedge funds in our partner’s database now own: 17.83 million shares, down from 18.51 million shares in 2017Q4. Also, the number of hedge funds holding US Concrete Inc in their top 10 stock positions decreased from 1 to 0 for a decrease of 1. Sold All: 29 Reduced: 58 Increased: 76 New Position: 32.

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 $1.06 billion. It operates through two divisions, Ready-Mixed Concrete and Aggregate Products. It has a 41.02 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 1.57% or $1 during the last trading session, reaching $62.85. About 51,516 shares traded. U.S. Concrete, Inc. (NASDAQ:USCR) has declined 13.61% since June 14, 2017 and is downtrending. It has underperformed by 26.18% the S&P500.

Analysts await U.S. Concrete, Inc. (NASDAQ:USCR) to report earnings on August, 14. They expect $1.38 EPS, up 62.35 % or $0.53 from last year’s $0.85 per share. USCR’s profit will be $23.21 million for 11.39 P/E if the $1.38 EPS becomes a reality. After $0.05 actual EPS reported by U.S. Concrete, Inc. for the previous quarter, Wall Street now forecasts 2,660.00 % EPS growth.

Gm Advisory Group Inc. holds 2.42% of its portfolio in U.S. Concrete, Inc. for 132,511 shares. Next Century Growth Investors Llc owns 239,628 shares or 1.93% of their US portfolio. Moreover, Falcon Point Capital Llc has 1.66% invested in the company for 137,126 shares. The Pennsylvania-based Emerald Advisers Inc Pa has invested 1.07% in the stock. Laurel Grove Capital Llc, a California-based fund reported 31,000 shares.

Since January 1, 0001, it had 0 insider purchases, and 17 selling transactions for $3.28 million activity.

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

Ratings analysis reveals 100% of US Concrete’s analysts are positive. Out of 3 Wall Street analysts rating US Concrete, 3 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7800 while the high is $98.0. The stock’s average target of $85.67 is 36.31% above today’s ($62.85) share price. USCR was included in 6 notes of analysts from March 2, 2018. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) earned “Buy” rating by Stifel Nicolaus on Tuesday, May 1. The firm earned “Buy” rating on Monday, March 5 by Stephens. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, March 2. As per Friday, April 13, the company rating was maintained by Stephens. DA Davidson maintained U.S. Concrete, Inc. (NASDAQ:USCR) on Tuesday, May 1 with “Buy” rating.

More recent U.S. Concrete, Inc. (NASDAQ:USCR) news were published by: Seekingalpha.com which released: “US Concrete: Spruce Point Rebuttal” on May 22, 2018. Also Nasdaq.com published the news titled: “New Research Coverage Highlights Universal Insurance Holdings, Harmony Gold Mining Company, Schweitzer …” on June 07, 2018. Schaeffersresearch.com‘s news article titled: “Short Seller: This Stock Could Fall 90%” with publication date: May 17, 2018 was also an interesting one.

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

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