188,400 Shares in USG Corporation (USG) Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC purchased a new position in USG Corporation (NYSE:USG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 188,400 shares of the construction company’s stock, valued at approximately $5,467,000. Lord Abbett & CO. LLC owned approximately 0.13% of USG Corporation at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of USG. BlackRock Inc. increased its stake in shares of USG Corporation by 14,864.0% in the 1st quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after acquiring an additional 4,009,572 shares in the last quarter. Janus Capital Management LLC increased its stake in shares of USG Corporation by 1,445.9% in the 1st quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after acquiring an additional 677,304 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of USG Corporation by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock worth $62,251,000 after acquiring an additional 167,321 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of USG Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after acquiring an additional 76,843 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of USG Corporation by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock worth $12,546,000 after acquiring an additional 40,897 shares in the last quarter. Institutional investors own 85.80% of the company’s stock.

Several research analysts recently issued reports on the stock. Barclays PLC increased their price target on shares of USG Corporation from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday. Citigroup Inc. increased their price target on shares of USG Corporation from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday. Bank of America Corporation lowered shares of USG Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and set a $33.00 price objective on shares of USG Corporation in a research report on Thursday. Finally, Zacks Investment Research raised shares of USG Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $31.64.

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In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the sale, the insider now owns 61,713 shares in the company, valued at approximately $2,000,118.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.67% of the company’s stock.

USG Corporation (NYSE:USG) opened at 34.11 on Monday. The stock has a market cap of $4.89 billion, a P/E ratio of 10.94 and a beta of 1.00. The company has a 50 day moving average of $32.22 and a 200-day moving average of $29.77. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.80.

USG Corporation (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. USG Corporation had a return on equity of 12.90% and a net margin of 14.93%. USG Corporation’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Equities analysts forecast that USG Corporation will post $1.65 earnings per share for the current year.

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.

Institutional Ownership by Quarter for USG Corporation (NYSE:USG)

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