Emerald Acquisition Ltd. bought a new position in USG Corp. (NYSE:USG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 109,960 shares of the company’s stock, valued at approximately $2,965,000. Emerald Acquisition Ltd. owned approximately 0.08% of USG Corp. at the end of the most recent quarter.
A number of other large investors have also modified their holdings of USG. Norges Bank acquired a new stake in shares of USG Corp. during the fourth quarter worth $13,432,000. BlackRock Inc. increased its stake in shares of USG Corp. by 741.1% in the first quarter. BlackRock Inc. now owns 28,833 shares of the company’s stock worth $715,000 after buying an additional 25,405 shares during the last quarter. BlackRock Group LTD increased its stake in shares of USG Corp. by 60.8% in the first quarter. BlackRock Group LTD now owns 81,636 shares of the company’s stock worth $2,024,000 after buying an additional 30,869 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of USG Corp. by 4.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,322,649 shares of the company’s stock worth $57,625,000 after buying an additional 105,612 shares during the last quarter. Finally, BlackRock Japan Co. Ltd acquired a new stake in shares of USG Corp. during the first quarter worth $219,000. Institutional investors and hedge funds own 81.66% of the company’s stock.
USG Corp. (NYSE:USG) traded up 2.67% on Friday, reaching $26.92. The company’s stock had a trading volume of 3,864,598 shares. The stock has a market cap of $3.93 billion, a PE ratio of 3.86 and a beta of 1.96. USG Corp. has a 12-month low of $15.85 and a 12-month high of $30.84. The company’s 50 day moving average price is $27.36 and its 200-day moving average price is $27.02.
USG Corp. (NYSE:USG) last released its earnings results on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The firm earned $1,000 million during the quarter, compared to analysts’ expectations of $1.01 billion. USG Corp. had a net margin of 26.60% and a return on equity of 21.37%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. On average, equities analysts expect that USG Corp. will post $1.74 EPS for the current year.
USG has been the subject of a number of research analyst reports. Macquarie reiterated a “buy” rating and issued a $35.00 target price on shares of USG Corp. in a report on Monday, June 13th. Zacks Investment Research downgraded USG Corp. from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 23rd. Credit Suisse Group AG restated a “sell” rating on shares of USG Corp. in a report on Tuesday, June 28th. Wedbush boosted their price objective on USG Corp. from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 6th. Finally, Jefferies Group boosted their price objective on USG Corp. from $32.00 to $33.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.20.
In other news, insider Jennifer F. Scanlon sold 9,260 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $27.13, for a total value of $251,223.80. Following the completion of the transaction, the insider now owns 34,432 shares in the company, valued at approximately $934,140.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Kenneth R. Banas sold 11,557 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the transaction, the vice president now owns 15,356 shares of the company’s stock, valued at approximately $430,582.24. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
USG Corp. Company Profile
USG Corporation is a manufacturer and distributor of building materials. The Company 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. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.
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