Quantitative Investment Management LLC Takes $3.66 Million Position in USG Co. (USG)

Quantitative Investment Management LLC purchased a new stake in USG Co. (NYSE:USG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 94,900 shares of the construction company’s stock, valued at approximately $3,659,000. Quantitative Investment Management LLC owned about 0.07% of USG as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in USG. Zurcher Kantonalbank Zurich Cantonalbank increased its position in USG by 45.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock worth $206,000 after purchasing an additional 1,681 shares during the period. Barnett & Company Inc. increased its position in USG by 5.5% in the fourth quarter. Barnett & Company Inc. now owns 36,700 shares of the construction company’s stock worth $1,415,000 after purchasing an additional 1,900 shares during the period. SG Americas Securities LLC increased its position in USG by 67.9% in the fourth quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock worth $337,000 after purchasing an additional 3,536 shares during the period. Leith Wheeler Investment Counsel Ltd. increased its position in USG by 5.4% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock worth $2,984,000 after purchasing an additional 3,970 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of USG by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after buying an additional 4,100 shares during the period. 82.13% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently issued reports on USG. Nomura boosted their target price on USG from $39.00 to $44.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded USG from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Saturday, January 6th. Credit Suisse Group restated a “hold” rating on shares of USG in a research report on Thursday, March 29th. Citigroup boosted their target price on USG from $37.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. Finally, Jefferies Group reiterated a “hold” rating and issued a $39.00 price objective on shares of USG in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. USG currently has a consensus rating of “Hold” and a consensus price target of $38.00.

NYSE USG traded down $0.02 during trading on Friday, hitting $40.30. The stock had a trading volume of 1,671,458 shares, compared to its average volume of 1,953,214. The stock has a market capitalization of $5,687.40, a price-to-earnings ratio of 22.39, a PEG ratio of 1.22 and a beta of 1.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.39. USG Co. has a 12 month low of $25.60 and a 12 month high of $41.18.

USG (NYSE:USG) last announced its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. USG had a return on equity of 13.59% and a net margin of 2.96%. The company had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $757.57 million. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. equities research analysts forecast that USG Co. will post 2.23 EPS for the current year.

USG announced that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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USG Profile

USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It produces a range of products for use in new residential, new nonresidential, and residential and nonresidential repair and remodel construction, as well as products used in certain industrial processes.

Institutional Ownership by Quarter for USG (NYSE:USG)

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