Teachers Advisors LLC Sells 3,153 Shares of USG Co. (USG)

Teachers Advisors LLC lessened its stake in shares of USG Co. (NYSE:USG) by 3.2% during the fourth quarter, HoldingsChannel reports. The firm owned 95,919 shares of the construction company’s stock after selling 3,153 shares during the period. Teachers Advisors LLC’s holdings in USG were worth $3,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of USG by 62.2% during the fourth quarter. First Trust Advisors LP now owns 102,009 shares of the construction company’s stock worth $3,933,000 after purchasing an additional 39,104 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of USG by 3.1% during the fourth quarter. California Public Employees Retirement System now owns 171,522 shares of the construction company’s stock worth $6,614,000 after purchasing an additional 5,200 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of USG by 67.9% during the fourth quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock worth $337,000 after purchasing an additional 3,536 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of USG by 5.4% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock worth $2,984,000 after purchasing an additional 3,970 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of USG by 2.0% during the fourth quarter. BlackRock Inc. now owns 4,208,210 shares of the construction company’s stock worth $162,270,000 after purchasing an additional 83,824 shares in the last quarter. Institutional investors own 82.13% of the company’s stock.

NYSE:USG opened at $40.77 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.39. USG Co. has a one year low of $25.60 and a one year high of $41.45. The stock has a market capitalization of $5,594.30, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 1.20 and a beta of 1.12.



USG (NYSE:USG) last released its quarterly earnings results on Thursday, February 1st. The construction company reported $0.53 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.14. The business had revenue of $831.00 million for the quarter, compared to analysts’ expectations of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. equities research analysts predict that USG Co. will post 2.23 earnings per share 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 repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

USG has been the topic of a number of recent research reports. Credit Suisse Group restated an “underperform” rating and set a $36.00 price objective (up previously from $26.00) on shares of USG in a research note on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded USG from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Saturday, January 6th. Citigroup boosted their price target on USG from $37.00 to $42.00 and gave the stock a “neutral” rating in a research note on Thursday, January 25th. Raymond James Financial assumed coverage on USG in a research note on Tuesday, March 13th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Nomura cut their price target on USG from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.

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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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