DekaBank Deutsche Girozentrale bought a new position in shares of USG Co. (NYSE:USG) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 3,280 shares of the construction company’s stock, valued at approximately $132,000.
Several other institutional investors also recently bought and sold shares of USG. Harbor Island Capital LLC acquired a new position in shares of USG in the 4th quarter valued at approximately $19,471,000. MUFG Securities EMEA plc acquired a new position in shares of USG in the 1st quarter valued at approximately $12,126,000. TIAA CREF Investment Management LLC grew its position in shares of USG by 13.8% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,935,844 shares of the construction company’s stock valued at $74,646,000 after purchasing an additional 234,245 shares during the period. SG Capital Management LLC acquired a new position in shares of USG in the 4th quarter valued at approximately $8,715,000. Finally, Millennium Management LLC grew its position in shares of USG by 1,053.5% in the 4th quarter. Millennium Management LLC now owns 169,870 shares of the construction company’s stock valued at $6,550,000 after purchasing an additional 155,143 shares during the period. Institutional investors own 78.86% of the company’s stock.
Several equities analysts recently issued reports on the company. Jefferies Group reiterated a “hold” rating and issued a $40.00 price objective on shares of USG in a research report on Monday, April 23rd. Stifel Nicolaus boosted their price objective on USG from $33.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, February 2nd. ValuEngine upgraded USG from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 1st. Credit Suisse Group reiterated a “hold” rating on shares of USG in a research report on Thursday, March 29th. Finally, Barclays decreased their price objective on USG from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. USG presently has a consensus rating of “Hold” and an average target price of $39.00.
USG opened at $41.40 on Friday, according to Marketbeat.com. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 0.87 and a beta of 1.12. The company has a current ratio of 2.39, a quick ratio of 1.75 and a debt-to-equity ratio of 0.59. USG Co. has a 52 week low of $25.60 and a 52 week high of $42.14.
USG (NYSE:USG) last released its earnings results on Wednesday, April 25th. The construction company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.09). The firm had revenue of $786.00 million during the quarter, compared to the consensus estimate of $768.37 million. USG had a net margin of 2.39% and a return on equity of 13.36%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. equities analysts expect that USG Co. will post 2.17 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.
USG Company Profile
USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.
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