D.A. Davidson analyst Brent Thielman maintained a Buy rating on US Concrete (USCR) today and set a price target of $70. The company’s shares opened today at $34.41, close to its 52-week low of $27.68.
According to TipRanks.com, Thielman is a 3-star analyst with an average return of 0.8% and a 46.2% success rate. Thielman covers the Basic Materials sector, focusing on stocks such as Martin Marietta Materials, Granite Construction Inc, and Vulcan Materials.
Currently, the analyst consensus on US Concrete is a Strong Buy with an average price target of $53.
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Based on US Concrete’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $15.6 million. In comparison, last year the company had a GAAP net loss of $3.07 million.
Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of USCR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
U.S. Concrete, Inc. engages in the production of ready-mixed concrete. It operates through Ready-mixed Concrete, and Aggregate Products segments. The Ready-Mixed Concrete segment focuses on the formulation, preparation, and delivery of ready-mixed concrete to the job sites of customers. The Aggregate Products segment produces crushed stone, sand and gravel from aggregates facilities located in New Jersey and Texas, Oklahoma, United States, Virgin Islands, and British Columbia, Canada. The company was founded in July 1997 and is headquartered in Euless, TX.
