Roundview Capital LLC increased its stake in shares of USG Co. (NYSE:USG) by 90.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,551 shares of the construction company’s stock after buying an additional 41,630 shares during the quarter. Roundview Capital LLC owned about 0.06% of USG worth $3,376,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. 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 worth $206,000 after buying an additional 1,681 shares during the last quarter. Barnett & Company Inc. grew its stake in USG by 5.5% during the 4th quarter. Barnett & Company Inc. now owns 36,700 shares of the construction company’s stock worth $1,415,000 after buying an additional 1,900 shares during the last quarter. SG Americas Securities LLC grew its stake in USG by 67.9% during the 4th quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock worth $337,000 after buying an additional 3,536 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. grew its stake in USG by 5.4% during the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock worth $2,984,000 after buying an additional 3,970 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in USG by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after buying an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 85.37% of the company’s stock.
USG Co. (NYSE USG) opened at $33.23 on Monday. USG Co. has a 52 week low of $25.60 and a 52 week high of $41.18. The stock has a market capitalization of $4,683.50, a price-to-earnings ratio of 18.36, a PEG ratio of 1.24 and a beta of 1.16. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.
USG (NYSE:USG) last released its quarterly earnings results 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 13.36% and a net margin of 2.96%. The company 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. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. research analysts expect that USG Co. will post 2.24 EPS for the current year.
USG announced that its Board of Directors has authorized a stock buyback 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.
A number of research analysts recently commented on the company. Robert W. Baird upgraded USG from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $35.00 to $45.00 in a research note on Friday, January 5th. Stifel Nicolaus upped their price objective on USG from $33.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. upgraded USG from a “neutral” rating to an “overweight” rating and set a $38.00 price objective for the company in a research note on Friday, January 5th. Jefferies Group restated a “hold” rating and set a $39.00 price objective on shares of USG in a research note on Wednesday, January 17th. Finally, ValuEngine raised USG from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. USG has a consensus rating of “Hold” and an average price target of $37.62.
In other news, insider Christopher D. Macey sold 3,325 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total value of $125,053.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dominic A. Dannessa sold 6,042 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $37.55, for a total value of $226,877.10. Following the completion of the sale, the insider now owns 63,255 shares of the company’s stock, valued at approximately $2,375,225.25. The disclosure for this sale can be found here. In the last three months, insiders sold 28,992 shares of company stock valued at $1,093,870. Company insiders own 0.67% of the company’s stock.
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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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