BlueCrest Capital Management Ltd purchased a new stake in USG Co. (NYSE:USG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,553 shares of the construction company’s stock, valued at approximately $985,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of USG in the 4th quarter valued at approximately $196,000. SG Americas Securities LLC bought a new stake in USG during the third quarter worth approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in 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. Creative Planning bought a new stake in USG during the fourth quarter worth approximately $235,000. Finally, Fox Run Management L.L.C. bought a new stake in USG during the fourth quarter worth approximately $304,000. 82.18% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on the company. Raymond James Financial assumed coverage on USG in a research report on Tuesday. They set an “outperform” rating for the company. Credit Suisse Group set a $34.00 target price on USG and gave the stock a “hold” rating in a research report on Friday, March 9th. Zacks Investment Research cut USG from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 6th. Jefferies Group reaffirmed a “hold” rating and set a $36.00 target price on shares of USG in a research report on Friday, February 2nd. Finally, Barclays decreased their target price on USG from $43.00 to $41.00 and set an “overweight” rating for the company in a research report on Friday, February 2nd. Two 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. USG has an average rating of “Hold” and an average target price of $37.46.

USG Co. (NYSE USG) opened at $35.29 on Wednesday. USG Co. has a 1-year low of $25.60 and a 1-year high of $41.18. The company has a market capitalization of $4,980.00, a P/E ratio of 21.13, a PEG ratio of 1.07 and a beta of 1.25. The company has a current ratio of 2.39, a quick ratio of 1.78 and a debt-to-equity ratio of 0.58.

USG (NYSE:USG) last issued its quarterly 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 company had revenue of $831.00 million during the quarter, compared to analyst estimates of $757.57 million. During the same period in the previous year, the company earned $0.44 earnings per share. The company’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts anticipate that USG Co. will post 2.22 EPS for the current year.

USG declared that its Board of Directors has approved a share repurchase program on Thursday, February 1st that allows the company to buyback $250.00 million in shares. This buyback authorization allows the construction company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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USG Company Profile

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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Institutional Ownership by Quarter for USG (NYSE:USG)

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