Crestline Management LP purchased a new position in shares of USG Co. (NYSE:USG) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,053 shares of the construction company’s stock, valued at approximately $773,000.
Several other hedge funds and other institutional investors also recently modified their holdings of USG. Captrust Financial Advisors acquired a new stake in shares of USG during the fourth quarter worth $160,000. SG Americas Securities LLC acquired a new stake in shares of USG during the third quarter worth $170,000. State of Alaska Department of Revenue acquired a new stake in shares of USG during the fourth quarter worth $196,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of USG by 45.8% during 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. Finally, Creative Planning acquired a new stake in shares of USG during the fourth quarter worth $235,000. 82.18% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the company. Robert W. Baird raised USG from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $35.00 to $45.00 in a report on Friday, January 5th. Stifel Nicolaus increased their price target on USG from $33.00 to $36.00 and gave the stock a “hold” rating in a report on Friday, February 2nd. ValuEngine raised USG from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. JPMorgan Chase & Co. raised USG from a “neutral” rating to an “overweight” rating and set a $38.00 price target for the company in a report on Friday, January 5th. Finally, Barclays upgraded USG from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $31.00 to $43.00 in a research report on Friday, January 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $37.64.
USG (NYSE:USG) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.14. USG had a return on equity of 13.59% and a net margin of 2.96%. The firm had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $757.57 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. USG’s revenue was up 13.2% compared to the same quarter last year. equities analysts expect that USG Co. will post 2.25 EPS for the current fiscal year.
USG declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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