GAM Holding AG Purchases New Position in USG Co. (USG)
GAM Holding AG purchased a new stake in USG Co. (NYSE:USG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 34,326 shares of the construction company’s stock, valued at approximately $1,480,000.
Other institutional investors have also made changes to their positions in the company. Synovus Financial Corp purchased a new position in shares of USG in the 2nd quarter valued at about $129,000. DekaBank Deutsche Girozentrale purchased a new position in shares of USG in the 1st quarter valued at about $132,000. US Bancorp DE increased its stake in shares of USG by 54.8% in the 2nd quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,435 shares in the last quarter. Cerebellum GP LLC acquired a new stake in USG in the 2nd quarter worth about $178,000. Finally, Mount Yale Investment Advisors LLC acquired a new stake in USG in the 1st quarter worth about $187,000. Hedge funds and other institutional investors own 80.09% of the company’s stock.
Several equities research analysts recently issued reports on USG shares. Citigroup lifted their price objective on USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a report on Monday, July 23rd. ValuEngine cut USG from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a report on Wednesday, May 9th. Credit Suisse Group set a $44.00 price objective on USG and gave the stock a “hold” rating in a report on Monday, June 11th. Finally, Robert W. Baird cut USG from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two 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 $41.69.
USG stock opened at $43.15 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 2.34. USG Co. has a 12-month low of $27.58 and a 12-month high of $43.47. The stock has a market capitalization of $6.02 billion, a P/E ratio of 23.73, a PEG ratio of 0.94 and a beta of 0.99.
USG (NYSE:USG) last issued its earnings results on Wednesday, July 25th. The construction company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.11). The company had revenue of $880.00 million for the quarter, compared to analyst estimates of $876.21 million. USG had a return on equity of 13.87% and a net margin of 3.01%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. analysts expect that USG Co. will post 2.09 earnings per share for the current year.
USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.
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