Beck Capital Management LLC Buys Shares of 10,025 USG Co. (USG)

Beck Capital Management LLC purchased a new position in shares of USG Co. (NYSE:USG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,025 shares of the construction company’s stock, valued at approximately $327,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of USG in the third quarter valued at approximately $170,000. New York State Common Retirement Fund lifted its position in shares of USG by 2.2% during the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after acquiring an additional 4,100 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG during the second quarter worth $5,467,000. Amalgamated Bank lifted its position in shares of USG by 27.2% during the second quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after acquiring an additional 3,404 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of USG by 5.5% during the second quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after acquiring an additional 39,500 shares in the last quarter. 85.76% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on USG shares. ValuEngine upgraded USG from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Barclays increased their target price on USG from $26.00 to $31.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. SunTrust Banks cut USG from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Monday, October 2nd. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG in a research note on Monday, September 18th. Finally, Zacks Investment Research raised USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. USG has a consensus rating of “Hold” and a consensus target price of $32.77.

In other USG news, insider Brian J. Cook sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total value of $1,037,400.00. Following the sale, the insider now owns 84,538 shares in the company, valued at approximately $2,923,324.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph W. Holmes sold 2,570 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $38.26, for a total transaction of $98,328.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,992 shares of company stock worth $2,131,270. 0.67% of the stock is owned by corporate insiders.

USG Co. (USG) traded down $0.04 during trading hours on Friday, reaching $38.56. 624,920 shares of the company’s stock were exchanged, compared to its average volume of 1,039,662. 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 Co. has a fifty-two week low of $25.60 and a fifty-two week high of $38.91. The company has a market cap of $5,460.92, a P/E ratio of 12.28, a PEG ratio of 1.93 and a beta of 1.21.

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

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USG 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 (NYSE:USG)

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