Kennedy Capital Management Inc. lessened its position in shares of USG Corporation (NYSE:USG) by 28.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,505 shares of the construction company’s stock after selling 89,444 shares during the period. Kennedy Capital Management Inc. owned approximately 0.16% of USG Corporation worth $6,515,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of USG. Tyers Asset Management LLC purchased a new stake in USG Corporation during the first quarter valued at about $129,000. Elkfork Partners LLC purchased a new stake in USG Corporation during the first quarter valued at about $178,000. Greenwood Capital Associates LLC purchased a new stake in USG Corporation during the first quarter valued at about $219,000. Meadow Creek Investment Management LLC purchased a new stake in USG Corporation during the first quarter valued at about $226,000. Finally, SG Americas Securities LLC grew its position in USG Corporation by 70.1% during the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock valued at $335,000 after acquiring an additional 4,346 shares during the period. 87.01% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the company. Nomura boosted their price target on USG Corporation from $27.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday. ValuEngine raised USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. BidaskClub upgraded USG Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Credit Suisse Group assumed coverage on USG Corporation in a research note on Thursday, June 22nd. They set an “underperform” rating and a $24.00 price objective on the stock. Finally, Jefferies Group LLC restated a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. USG Corporation has a consensus rating of “Hold” and a consensus target price of $30.71.
USG Corporation (NYSE USG) opened at 31.98 on Wednesday. The stock’s 50 day moving average price is $27.84 and its 200 day moving average price is $29.88. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 10.26 and a beta of 1.00. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67.
USG Corporation (NYSE:USG) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.07). The business had revenue of $811.00 million for the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS. On average, equities research analysts anticipate that USG Corporation will post $1.68 earnings per share for the current fiscal year.
In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the transaction, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.
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USG Corporation 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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