Northern Trust Corp lessened its stake in USG Co. (NYSE:USG) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 440,887 shares of the construction company’s stock after selling 7,194 shares during the quarter. Northern Trust Corp owned about 0.32% of USG worth $19,010,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Raymond James & Associates increased its holdings in shares of USG by 8.4% in the second quarter. Raymond James & Associates now owns 16,614 shares of the construction company’s stock valued at $716,000 after purchasing an additional 1,291 shares during the last quarter. US Bancorp DE increased its holdings in shares of USG by 54.8% in the second quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of USG by 19.1% in the second quarter. Janney Montgomery Scott LLC now owns 11,028 shares of the construction company’s stock valued at $476,000 after purchasing an additional 1,765 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of USG by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 9,360 shares of the construction company’s stock valued at $403,000 after purchasing an additional 2,670 shares during the last quarter. Finally, Synovus Financial Corp acquired a new stake in shares of USG in the second quarter valued at approximately $129,000. 79.93% of the stock is owned by hedge funds and other institutional investors.
USG stock opened at $42.22 on Thursday. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 0.95 and a beta of 0.85. USG Co. has a 52-week low of $32.09 and a 52-week high of $43.47.
USG (NYSE:USG) last posted its earnings results on Thursday, October 25th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). The business had revenue of $851.00 million for the quarter, compared to analyst estimates of $850.00 million. USG had a return on equity of 13.93% and a net margin of 2.75%. As a group, equities research analysts anticipate that USG Co. will post 2.03 earnings per share for the current fiscal year.
The firm also recently announced a dividend, which was paid on Tuesday, October 2nd. Shareholders of record on Tuesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, October 3rd.
Several equities research analysts recently commented on USG shares. Zacks Investment Research cut USG from a “hold” rating to a “sell” rating in a report on Tuesday. Citigroup increased their price target on USG from $43.00 to $44.00 and gave the company a “$43.10” rating in a report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.69.
In other USG news, insider Brian J. Cook sold 15,000 shares of the firm’s stock in a transaction on Monday, October 15th. The stock was sold at an average price of $42.85, for a total transaction of $642,750.00. Following the completion of the sale, the insider now owns 49,070 shares of the company’s stock, valued at $2,102,649.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.66% of the stock is owned by company insiders.
USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.
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