USG Corporation (USG) Shares Bought by LSV Asset Management

LSV Asset Management lifted its stake in shares of USG Corporation (NYSE:USG) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 757,318 shares of the construction company’s stock after purchasing an additional 39,500 shares during the period. LSV Asset Management owned about 0.53% of USG Corporation worth $21,977,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of USG Corporation by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after purchasing an additional 76,843 shares during the last quarter. BlackRock Inc. lifted its position in shares of USG Corporation by 14,864.0% during the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after purchasing an additional 4,009,572 shares during the last quarter. Bank of America Corp DE lifted its position in shares of USG Corporation by 95.8% during the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock worth $113,834,000 after purchasing an additional 1,751,530 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of USG Corporation by 94.2% during the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock worth $66,342,000 after purchasing an additional 1,011,813 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of USG Corporation by 953.1% during the first quarter. JPMorgan Chase & Co. now owns 1,986,738 shares of the construction company’s stock worth $63,179,000 after purchasing an additional 1,798,074 shares during the last quarter. 87.01% of the stock is currently owned by institutional investors and hedge funds.

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USG Corporation (NYSE USG) opened at 31.98 on Wednesday. USG Corporation has a one year low of $23.71 and a one year high of $34.67. The firm has a 50-day moving average of $27.84 and a 200-day moving average of $29.88. The company has a market cap of $4.59 billion, a PE ratio of 10.26 and a beta of 1.00.

USG Corporation (NYSE:USG) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.07). The business had revenue of $811.00 million during the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS. On average, analysts predict that USG Corporation will post $1.68 EPS for the current year.

Several equities analysts have recently commented on USG shares. Robert W. Baird reaffirmed a “hold” rating and set a $30.00 price target on shares of USG Corporation in a research report on Monday, August 28th. Bank of America Corporation cut shares of USG Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $31.00 in a research report on Thursday, July 27th. Credit Suisse Group started coverage on shares of USG Corporation in a research report on Thursday, June 22nd. They set an “underperform” rating and a $24.00 price target on the stock. BidaskClub raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, ValuEngine raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.71.

In related news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction dated Friday, September 8th. The shares were 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 of the company’s stock, valued at $2,000,118.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

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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