USG Corporation (USG) Holdings Trimmed by White Pine Investment CO

White Pine Investment CO decreased its holdings in USG Corporation (NYSE:USG) by 3.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,490 shares of the construction company’s stock after selling 3,300 shares during the period. USG Corporation comprises approximately 1.8% of White Pine Investment CO’s holdings, making the stock its 26th largest holding. White Pine Investment CO owned approximately 0.07% of USG Corporation worth $3,412,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Thompson Investment Management Inc. increased its stake in USG Corporation by 10.1% in the second quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after purchasing an additional 1,125 shares during the period. Amalgamated Bank increased its stake in USG Corporation by 3.4% in the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock worth $398,000 after purchasing an additional 406 shares during the period. Somerset Trust Co increased its stake in USG Corporation by 0.7% in the second quarter. Somerset Trust Co now owns 16,900 shares of the construction company’s stock worth $491,000 after purchasing an additional 116 shares during the period. Wedge Capital Management L L P NC increased its stake in USG Corporation by 3.5% in the second quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after purchasing an additional 631 shares during the period. Finally, Aperio Group LLC increased its stake in USG Corporation by 27.8% in the second quarter. Aperio Group LLC now owns 21,619 shares of the construction company’s stock worth $627,000 after purchasing an additional 4,697 shares during the period. Institutional investors and hedge funds own 85.80% of the company’s stock.

In other USG Corporation news, insider Brian J. Cook sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total value of $1,037,400.00. Following the completion of the sale, the insider now owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the sale, the insider now directly owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

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Shares of USG Corporation (USG) traded up $0.13 during mid-day trading on Friday, reaching $34.08. The company had a trading volume of 914,509 shares, compared to its average volume of 1,553,299. USG Corporation has a 12 month low of $23.71 and a 12 month high of $35.02. The company has a market capitalization of $4,821.47, a P/E ratio of 19.81, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37.

USG Corporation (NYSE:USG) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. USG Corporation had a return on equity of 12.90% and a net margin of 14.93%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $790.54 million. During the same quarter last year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. sell-side analysts predict that USG Corporation will post 1.67 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on the company. Jefferies Group LLC reissued a “hold” rating on shares of USG Corporation in a research report on Wednesday, July 19th. CL King downgraded USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub downgraded USG Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Bank of America Corporation downgraded USG Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research report on Thursday, July 27th. Finally, Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $28.00 to $26.00 in a research report on Sunday, July 30th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $32.07.

USG Corporation Company 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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