White Pine Investment CO Has $3.13 Million Position in USG Corporation (NYSE:USG)

White Pine Investment CO decreased its stake in USG Corporation (NYSE:USG) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 107,790 shares of the construction company’s stock after selling 1,390 shares during the period. USG Corporation makes up 1.7% of White Pine Investment CO’s holdings, making the stock its 28th largest position. White Pine Investment CO owned about 0.07% of USG Corporation worth $3,128,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in USG. Tyers Asset Management LLC bought a new stake in USG Corporation during the first quarter valued at about $129,000. Creative Planning increased its stake in USG Corporation by 35.3% in the first quarter. Creative Planning now owns 4,085 shares of the construction company’s stock valued at $130,000 after buying an additional 1,065 shares during the period. Old Mutual Global Investors UK Ltd. bought a new stake in USG Corporation during the first quarter valued at about $146,000. Elkfork Partners LLC bought a new stake in USG Corporation during the first quarter valued at about $178,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in USG Corporation during the first quarter valued at about $205,000. Institutional investors own 90.01% of the company’s stock.

USG Corporation (NYSE USG) traded up 1.64% during midday trading on Friday, reaching $26.67. The company had a trading volume of 1,117,830 shares. USG Corporation has a one year low of $23.71 and a one year high of $34.67. The company has a market capitalization of $3.82 billion, a PE ratio of 8.56 and a beta of 1.08. The stock’s 50 day moving average is $28.16 and its 200 day moving average is $30.40.

USG Corporation (NYSE:USG) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million for 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 last year, the company posted $0.46 EPS. Equities research analysts forecast that USG Corporation will post $1.68 earnings per share for the current fiscal year.

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Several equities analysts recently weighed in on the company. CL King cut USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub cut USG Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Credit Suisse Group assumed coverage on USG Corporation in a research report on Thursday, June 22nd. They set an “underperform” rating and a $24.00 price objective for the company. Nomura set a $30.00 price objective on USG Corporation and gave the stock a “hold” rating in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price target (down previously from $35.00) on shares of USG Corporation in a report on Saturday, April 29th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $31.00.

In other news, insider Jennifer F. Scanlon purchased 1,500 shares of the business’s stock in a transaction on Monday, June 5th. The shares were acquired at an average price of $29.39 per share, with a total value of $44,085.00. Following the completion of the transaction, the insider now owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeanette A. Press sold 3,121 shares of the company’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total transaction of $89,104.55. Following the transaction, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The disclosure for this sale can be found here. Corporate insiders own 0.67% of the company’s stock.

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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