Beck Capital Management LLC purchased a new position in shares of USG Co. (NYSE:USG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,025 shares of the construction company’s stock, valued at approximately $327,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of USG in the third quarter valued at approximately $170,000. New York State Common Retirement Fund lifted its position in shares of USG by 2.2% during the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after acquiring an additional 4,100 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG during the second quarter worth $5,467,000. Amalgamated Bank lifted its position in shares of USG by 27.2% during the second quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after acquiring an additional 3,404 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of USG by 5.5% during the second quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after acquiring an additional 39,500 shares in the last quarter. 85.76% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on USG shares. ValuEngine upgraded USG from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Barclays increased their target price on USG from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. SunTrust Banks cut USG from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Monday, October 2nd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG in a research note on Monday, September 18th. Finally, Zacks Investment Research raised USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. USG has a consensus rating of “Hold” and a consensus target price of $32.77.
USG Co. (USG) traded down $0.04 during trading hours on Friday, reaching $38.56. 624,920 shares of the company’s stock were exchanged, compared to its average volume of 1,039,662. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37. USG Co. has a fifty-two week low of $25.60 and a fifty-two week high of $38.91. The company has a market cap of $5,460.92, a P/E ratio of 12.28, a PEG ratio of 1.93 and a beta of 1.21.
USG (NYSE:USG) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. USG had a net margin of 14.93% and a return on equity of 12.90%. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $790.54 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities analysts predict that USG Co. will post 1.67 earnings per share for the current year.
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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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