US Concrete Inc. (USCR)

[winston]

not vested

We’re already seeing that play out with concrete maker U.S. Concrete (USCR).

The company has a strong foothold in Texas… with more than a quarter of its annual revenue coming from the state.

Cement will be needed in everything from fixing petrochemical plants and pipelines to rebuilding public roads and bridges.

In the past week, shares of U.S. Concrete are up nearly 15% and just hit a new record high on Wednesday. Overall, we’re up 22% with this position in about seven months.

Source: Daily Crux

[winston]

not vested

U.S. Concrete Inc. (Nasdaq: USCR) produces and sells ready-mixed concrete, aggregates, and concrete-related products and services for the construction industry in the United States.

Its main customers are subcontractors, general contractors, government agencies, property owners and developers, architects, engineers, and home builders.

Through its operating companies, USCR serves major construction markets in the United States in two business segments: ready-mixed concrete and aggregate products.

U.S. Concrete's products and services are provided from operating companies located in north and west Texas, northern California, New Jersey, New York, Washington, D.C., and Oklahoma.

U.S. Concrete has 3,000 full-time employees and a market cap of $1.2 billion. Although its trailing P/E is high, at 48.5, its forward P/E is a very attractive 14.95.

Return on equity is over 16%, and although it pays no dividend, its quarterly revenue is growing at a healthy clip of 23.6%.

The company has a ton of experience with major projects, including a NYC-area bridge, Yankee Stadium, and more. With the company's head office in the Dallas area, its location should be a key advantage in securing a good portion of the Lone Star State's rebuilding cement and aggregate contracts.

With that in mind, I expect USCR to be up by 40% over the next 12 months.

Source: Money Morning

[winston]

not vested

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

U.S. Concrete operates in major construction markets in the United States, focusing on two segments:
1. ready-mixed concrete and
2. aggregate products.

It operates from Texas, Northern California, Oklahoma, New Jersey, New York, Philadelphia, British Columbia, and Washington, D.C.

In recent years, U.S. Concrete has grown to become a veritable national player. As a true innovator with a strategic focus on research and development, it is the first national concrete provider to formalize a company-wide commitment to green building. Its environmentally conscious concrete mixes have helped save over 1 million tons of CO2 emissions in the past decade.

Revenue has trebled since 2011, as it’s one of the fastest-growing construction materials companies in North America.

U.S. Concrete’s forward price/earnings ratio is just 13.8, which is low for the sector, reflecting stronger-than-average earnings estimates.

Source: Daily Trade Alert