Cavalier Investments LLC Makes New $375,000 Investment in US Concrete Inc (NASDAQ:USCR)

Cavalier Investments LLC bought a new position in shares of US Concrete Inc (NASDAQ:USCR) in the 4th quarter, HoldingsChannel.com reports. The fund bought 9,000 shares of the construction company’s stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. John G Ullman & Associates Inc. raised its stake in US Concrete by 2.7% during the third quarter. John G Ullman & Associates Inc. now owns 6,986 shares of the construction company’s stock worth $386,000 after acquiring an additional 186 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of US Concrete by 9.7% in the fourth quarter. Advisory Services Network LLC now owns 3,152 shares of the construction company’s stock valued at $131,000 after buying an additional 279 shares during the period. California State Teachers Retirement System increased its stake in shares of US Concrete by 1.2% in the third quarter. California State Teachers Retirement System now owns 24,899 shares of the construction company’s stock valued at $1,376,000 after buying an additional 297 shares during the period. Principal Financial Group Inc. increased its stake in shares of US Concrete by 0.3% in the fourth quarter. Principal Financial Group Inc. now owns 145,609 shares of the construction company’s stock valued at $6,066,000 after buying an additional 500 shares during the period. Finally, Confluence Investment Management LLC increased its stake in shares of US Concrete by 0.9% in the fourth quarter. Confluence Investment Management LLC now owns 64,599 shares of the construction company’s stock valued at $2,691,000 after buying an additional 558 shares during the period. 98.01% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Theodore P. Rossi bought 5,000 shares of US Concrete stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of $40.97 per share, for a total transaction of $204,850.00. Following the completion of the acquisition, the director now directly owns 88,581 shares of the company’s stock, valued at approximately $3,629,163.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kurt Matthew Cellar bought 9,457 shares of US Concrete stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of $40.04 per share, for a total transaction of $378,658.28. Following the completion of the acquisition, the director now directly owns 62,346 shares of the company’s stock, valued at $2,496,333.84. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 28,057 shares of company stock worth $1,125,196 and sold 750 shares worth $30,558. Corporate insiders own 4.70% of the company’s stock.

Several research analysts have recently issued reports on USCR shares. Zacks Investment Research downgraded US Concrete from a “buy” rating to a “strong sell” rating in a research note on Saturday, January 11th. ValuEngine downgraded US Concrete from a “buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson lowered their price objective on US Concrete to $56.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Stephens downgraded US Concrete from an “overweight” rating to an “equal” rating and lowered their price objective for the company from $60.00 to $47.00 in a research note on Monday, November 18th. Finally, BidaskClub downgraded US Concrete from a “sell” rating to a “strong sell” rating in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $52.17.

US Concrete stock opened at $39.43 on Friday. The business has a 50 day moving average of $39.48 and a 200-day moving average of $44.19. US Concrete Inc has a 1 year low of $35.23 and a 1 year high of $56.22. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.32 and a quick ratio of 1.12. The company has a market capitalization of $661.09 million, a P/E ratio of 49.91 and a beta of 1.20.

US Concrete Company Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products.

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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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