Credit Suisse AG increased its position in USG Co. (NYSE:USG) by 49.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 269,602 shares of the construction company’s stock after acquiring an additional 89,206 shares during the period. Credit Suisse AG owned about 0.19% of USG worth $11,677,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FIL Ltd grew its holdings in USG by 18.3% during the third quarter. FIL Ltd now owns 5,582,900 shares of the construction company’s stock valued at $241,795,000 after purchasing an additional 861,900 shares during the period. FMR LLC grew its holdings in USG by 81.9% during the third quarter. FMR LLC now owns 5,076,945 shares of the construction company’s stock valued at $219,883,000 after purchasing an additional 2,285,345 shares during the period. Alpine Associates Management Inc. grew its holdings in USG by 153.3% during the third quarter. Alpine Associates Management Inc. now owns 1,436,000 shares of the construction company’s stock valued at $62,194,000 after purchasing an additional 869,100 shares during the period. Gabelli Funds LLC grew its holdings in USG by 51.0% during the third quarter. Gabelli Funds LLC now owns 1,157,188 shares of the construction company’s stock valued at $50,118,000 after purchasing an additional 390,600 shares during the period. Finally, Water Island Capital LLC bought a new stake in USG during the second quarter valued at about $40,059,000. 79.33% of the stock is owned by institutional investors.
In other news, insider Brian J. Cook sold 15,000 shares of the business’s stock in a transaction dated Monday, October 15th. The stock was sold at an average price of $42.85, for a total value of $642,750.00. Following the transaction, the insider now directly owns 49,070 shares in the company, valued at $2,102,649.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Matthew F. Hilzinger sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $43.01, for a total value of $1,075,250.00. The disclosure for this sale can be found here. Insiders sold 124,715 shares of company stock worth $5,347,155 over the last 90 days. Company insiders own 0.66% of the company’s stock.
Separately, Zacks Investment Research lowered USG from a “hold” rating to a “sell” rating in a report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $42.17.
NYSE:USG opened at $43.04 on Friday. USG Co. has a 52-week low of $32.09 and a 52-week high of $43.47. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 1.06 and a beta of 0.86. 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 data on Thursday, October 25th. The construction company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $851.00 million during the quarter, compared to analysts’ expectations of $850.00 million. Equities research analysts predict that USG Co. will post 1.86 EPS 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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