Deutsche Bank AG lessened its position in shares of USG Co. (NYSE:USG) by 74.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 196,273 shares of the construction company’s stock after selling 582,394 shares during the quarter. Deutsche Bank AG owned 0.14% of USG worth $7,566,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in USG during the 3rd quarter valued at about $170,000. State of Alaska Department of Revenue purchased a new stake in USG during the 4th quarter valued at about $196,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in USG by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after purchasing an additional 1,681 shares during the last quarter. Creative Planning purchased a new stake in USG during the 4th quarter valued at about $235,000. Finally, Fox Run Management L.L.C. purchased a new stake in USG during the 4th quarter valued at about $304,000. Institutional investors and hedge funds own 82.13% of the company’s stock.
Several analysts have weighed in on USG shares. Zacks Investment Research upgraded USG from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, January 6th. Credit Suisse Group reiterated an “underperform” rating and set a $36.00 price target (up previously from $26.00) on shares of USG in a research note on Monday, January 22nd. They noted that the move was a valuation call. Citigroup boosted their price target on USG from $37.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 25th. Jefferies Group reiterated a “hold” rating and set a $36.00 price target on shares of USG in a research note on Friday, February 2nd. Finally, Nomura boosted their price target on USG from $39.00 to $44.00 and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.00.
USG (NYSE:USG) last issued its earnings results on Thursday, February 1st. The construction company reported $0.53 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 firm had revenue of $831.00 million for the quarter, compared to the consensus estimate of $757.57 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 13.2% compared to the same quarter last year. research analysts predict that USG Co. will post 2.23 EPS for the current fiscal year.
USG declared that its Board of Directors has initiated a share repurchase program on Thursday, February 1st that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management 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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