Northern Trust Corp boosted its holdings in USG Co. (NYSE:USG) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 448,081 shares of the construction company’s stock after acquiring an additional 8,760 shares during the period. Northern Trust Corp owned 0.32% of USG worth $18,111,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Swiss National Bank lifted its holdings in USG by 2.0% in the first quarter. Swiss National Bank now owns 162,100 shares of the construction company’s stock valued at $6,552,000 after acquiring an additional 3,200 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in USG in the first quarter valued at approximately $132,000. Captrust Financial Advisors acquired a new position in USG in the fourth quarter valued at approximately $160,000. CIBC Asset Management Inc acquired a new position in USG during the first quarter worth $205,000. Finally, Baird Financial Group Inc. lifted its stake in USG by 20.2% during the fourth quarter. Baird Financial Group Inc. now owns 30,760 shares of the construction company’s stock worth $1,186,000 after purchasing an additional 5,160 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.
USG has been the topic of a number of research reports. Credit Suisse Group set a $34.00 price target on USG and gave the stock a “hold” rating in a research note on Friday, March 9th. Raymond James initiated coverage on USG in a research note on Tuesday, March 13th. They set an “outperform” rating and a $40.00 price target on the stock. Nomura upped their price target on USG from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. Buckingham Research upped their price target on USG from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, April 16th. Finally, SunTrust Banks upped their price target on USG from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Tuesday, April 17th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $40.79.
Shares of USG opened at $43.18 on Thursday, according to MarketBeat Ratings. The firm has a market capitalization of $6.02 billion, a PE ratio of 23.99, a P/E/G ratio of 0.90 and a beta of 1.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.75 and a current ratio of 2.39. USG Co. has a 12-month low of $25.60 and a 12-month high of $43.40.
USG (NYSE:USG) last announced its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.09). The company had revenue of $786.00 million during the quarter, compared to analyst estimates of $768.37 million. USG had a net margin of 2.39% and a return on equity of 13.36%. The firm’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 earnings per share. analysts anticipate that USG Co. will post 2.2 earnings per share for the current year.
In other news, insider Brian J. Cook sold 15,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $41.35, for a total value of $620,250.00. Following the sale, the insider now directly owns 78,925 shares in the company, valued at $3,263,548.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.66% of the stock is currently owned by company insiders.
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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