Dupont Capital Management Corp Invests $1.52 Million in USG Co. (USG)
Dupont Capital Management Corp purchased a new stake in USG Co. (NYSE:USG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 35,000 shares of the construction company’s stock, valued at approximately $1,516,000.
Several other institutional investors also recently modified their holdings of USG. Guggenheim Capital LLC acquired a new stake in shares of USG during the first quarter worth about $351,000. Legal & General Group Plc lifted its holdings in shares of USG by 10.2% during the first quarter. Legal & General Group Plc now owns 56,049 shares of the construction company’s stock worth $2,266,000 after purchasing an additional 5,192 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of USG by 39.9% during the second quarter. State of Alaska Department of Revenue now owns 9,360 shares of the construction company’s stock worth $403,000 after purchasing an additional 2,670 shares during the period. Bank of Montreal Can acquired a new stake in shares of USG during the second quarter worth about $285,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of USG during the second quarter worth about $1,527,000. 80.25% of the stock is owned by institutional investors and hedge funds.
USG has been the subject of a number of research reports. Citigroup lifted their target price on USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a report on Monday, July 23rd. Zacks Investment Research downgraded USG from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $42.17.
Shares of NYSE:USG opened at $42.61 on Friday. USG Co. has a 12-month low of $32.09 and a 12-month high of $43.47. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 0.97 and a beta of 0.85. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.10 and a quick ratio of 1.52.
USG (NYSE:USG) last announced its quarterly earnings results on Thursday, October 25th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.12). USG had a net margin of 2.75% and a return on equity of 13.93%. The company had revenue of $851.00 million during the quarter, compared to analyst estimates of $850.00 million. On average, sell-side analysts anticipate that USG Co. will post 2 EPS for the current year.
USG Company Profile
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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