USG Co. (USG) Holdings Reduced by White Pine Investment CO

White Pine Investment CO reduced its position in USG Co. (NYSE:USG) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 98,930 shares of the construction company’s stock after selling 4,280 shares during the period. USG makes up about 2.2% of White Pine Investment CO’s investment portfolio, making the stock its 24th biggest position. White Pine Investment CO owned approximately 0.07% of USG worth $4,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wisconsin Investment Board grew its position in USG by 39.6% in the second quarter. State of Wisconsin Investment Board now owns 162,109 shares of the construction company’s stock worth $6,990,000 after acquiring an additional 46,024 shares in the last quarter. LMR Partners LLP purchased a new position in USG in the second quarter worth about $15,036,000. MUFG Securities EMEA plc grew its position in USG by 148.4% in the second quarter. MUFG Securities EMEA plc now owns 745,208 shares of the construction company’s stock worth $32,133,000 after acquiring an additional 445,208 shares in the last quarter. Synovus Financial Corp purchased a new position in USG in the second quarter worth about $129,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in USG in the second quarter worth about $2,112,000. Hedge funds and other institutional investors own 78.31% of the company’s stock.

Shares of USG opened at $43.03 on Friday, Marketbeat reports. USG Co. has a 1 year low of $25.60 and a 1 year high of $43.47. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 0.93 and a beta of 0.99. The company has a quick ratio of 1.69, a current ratio of 2.34 and a debt-to-equity ratio of 0.58.

USG (NYSE:USG) last announced its earnings results on Wednesday, July 25th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.11). USG had a net margin of 3.01% and a return on equity of 13.87%. The business had revenue of $880.00 million for the quarter, compared to analysts’ expectations of $876.21 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. analysts anticipate that USG Co. will post 2.12 EPS for the current fiscal year.

In other news, SVP Christopher D. Macey sold 1,357 shares of USG stock in a transaction that occurred on Friday, July 27th. The shares were sold at an average price of $43.01, for a total transaction of $58,364.57. Following the completion of the sale, the senior vice president now owns 11,114 shares of the company’s stock, valued at $478,013.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Cook sold 15,000 shares of USG stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $41.35, for a total transaction of $620,250.00. Following the sale, the insider now directly owns 78,925 shares of the company’s stock, valued at approximately $3,263,548.75. The disclosure for this sale can be found here. Insiders have sold 308,033 shares of company stock valued at $13,238,931 in the last 90 days. Company insiders own 0.66% of the company’s stock.

Several research analysts recently commented on the company. Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. SunTrust Banks lifted their price target on USG from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Tuesday, April 17th. Barclays lowered USG from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $41.00 to $44.00 in a research report on Tuesday, June 12th. Citigroup boosted their target price on USG from $43.00 to $44.00 and gave the company a “$43.10” rating in a research report on Monday, July 23rd. Finally, ValuEngine upgraded USG from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. USG has an average rating of “Hold” and an average target price of $41.69.

About USG

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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Institutional Ownership by Quarter for USG (NYSE:USG)

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