US Concrete Inc (NASDAQ:USCR) Institutional Investors Sentiment Index Up in 2018 Q1

June 14, 2018 - By Marie Mckinney

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 increased, as 108 hedge funds increased or started new positions, while 87 trimmed and sold positions in US Concrete Inc. The hedge funds in our partner’s database now have: 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 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 earnings per share, up 62.35 % or $0.53 from last year’s $0.85 per share. USCR’s profit will be $23.21M for 11.39 P/E if the $1.38 EPS becomes a reality. After $0.05 actual earnings per share 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 buys, and 17 sales 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 rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, May 1. The stock has “Buy” rating by Stephens on Monday, March 5. The rating was maintained by Stifel Nicolaus on Friday, March 2 with “Buy”. The company was maintained on Friday, April 13 by Stephens. On Tuesday, May 1 the stock rating was maintained by DA Davidson with “Buy”.

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 Schaeffersresearch.com published the news titled: “Short Seller: This Stock Could Fall 90%” on May 17, 2018. Nasdaq.com‘s news article titled: “New Research Coverage Highlights Universal Insurance Holdings, Harmony Gold Mining Company, Schweitzer …” with publication date: June 07, 2018 was also an interesting one.

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

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