Asset Management Advisors Lowers stake in USG Corporation (USG)

USG Corporation (USG) : Asset Management Advisors reduced its stake in USG Corporation by 15.18% during the most recent quarter end. The investment management company now holds a total of 223,996 shares of USG Corporation which is valued at $6,215,889 after selling 40,100 shares in USG Corporation , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.USG Corporation makes up approximately 5.76% of Asset Management Advisors’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp boosted its stake in USG in the latest quarter, The investment management firm added 156,402 additional shares and now holds a total of 171,002 shares of USG Corporation which is valued at $4,745,306. USG Corporation makes up approx 0.32% of Engineers Gate Manager Lp’s portfolio.Skba Capital Management reduced its stake in USG by selling 740 shares or 5.32% in the most recent quarter. The Hedge Fund company now holds 13,175 shares of USG which is valued at $365,606. USG Corporation makes up approx 0.03% of Skba Capital Management’s portfolio.Blackrock Japan Ltd reduced its stake in USG by selling 6,128 shares or 69.31% in the most recent quarter. The Hedge Fund company now holds 2,713 shares of USG which is valued at $75,286.Harris Associates L P boosted its stake in USG in the latest quarter, The investment management firm added 84,000 additional shares and now holds a total of 6,974,450 shares of USG Corporation which is valued at $193,540,988. USG Corporation makes up approx 0.37% of Harris Associates L P’s portfolio.

USG Corporation opened for trading at $27.98 and hit $28.6292 on the upside on Tuesday, eventually ending the session at $28.39, with a gain of 1.76% or 0.49 points. The heightened volatility saw the trading volume jump to 8,97,790 shares. Company has a market cap of $4,144 M.

On the company’s financial health, USG Corporation reported $0.46 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 26, 2016. Analyst had a consensus of $0.47. The company had revenue of $1002.00 million for the quarter, compared to analysts expectations of $1009.37 million. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on USG Corporation. Company shares were Reiterated by Wedbush on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 30 from a previous price target of $27 .

USG Corporation (USG) through its subsidiaries is a manufacturer and distributor of building materials. The Company 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 industrial processes. The Company operates in four segments: Gypsum Ceilings Distribution and USG Boral Building Products (UBBP). The Gypsum segment manufactures gypsum wallboard; the Ceilings segment manufactures and markets interior systems products; the Distribution segment consists of L&W Supply a distributor of gypsum wallboard and other building materials and the Company’s UBBP segment manufactures distributes and sells building products mines raw gypsum and sells natural and synthetic gypsum. The Company’s brands include DUROCK FIBEROCK LEVELROCK RED TOP IMPERIAL DIAMOND SUPREMO RADAR ECLIPSE MARS USG Boral Sheetrock and USG Boral NextGen among others.

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