UBS Asset Management Americas Inc. raised its stake in USG Co. (NYSE:USG) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,124 shares of the construction company’s stock after purchasing an additional 7,864 shares during the period. UBS Asset Management Americas Inc. owned 0.05% of USG worth $2,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of USG. New York State Common Retirement Fund grew its stake in USG by 2.2% in the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock valued at $6,207,000 after purchasing an additional 4,100 shares during the last quarter. SG Americas Securities LLC purchased a new position in USG in the third quarter valued at about $170,000. Beck Capital Management LLC purchased a new position in USG in the third quarter valued at about $327,000. Leith Wheeler Investment Counsel Ltd. grew its stake 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 valued at $2,984,000 after purchasing an additional 3,970 shares during the last quarter. Finally, Creative Planning purchased a new position in USG in the fourth quarter valued at about $235,000. Institutional investors own 82.13% of the company’s stock.
Several equities analysts have issued reports on the company. Nomura lifted their target price on USG from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded USG from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Saturday, January 6th. Credit Suisse Group reiterated a “hold” rating on shares of USG in a research note on Thursday, March 29th. Citigroup boosted their price target on USG from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Finally, Jefferies Group restated a “hold” rating and set a $39.00 price target on shares of USG in a research note on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.00.
NYSE USG traded down $0.02 during trading hours on Friday, reaching $40.30. The stock had a trading volume of 1,671,458 shares, compared to its average volume of 1,953,214. The firm has a market cap of $5,687.40, a P/E ratio of 22.39, a P/E/G ratio of 1.22 and a beta of 1.12. USG Co. has a 52-week low of $25.60 and a 52-week high of $41.18. The company has a quick ratio of 1.78, a current ratio of 2.39 and a debt-to-equity ratio of 0.58.
USG (NYSE:USG) last issued its earnings results on Thursday, February 1st. The construction company reported $0.53 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.14. The firm had revenue of $831.00 million for the quarter, compared to analyst estimates of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. USG’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. research analysts expect that USG Co. will post 2.23 earnings per share for the current year.
USG announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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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.
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