Shayne buys $5,661,610 stake in USG Corporation (USG)

USG Corporation (USG) : Shayne scooped up 1,126 additional shares in USG Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 21, 2016. The investment management firm now holds a total of 188,281 shares of USG Corporation which is valued at $5,661,610.USG Corporation makes up approximately 4.57% of Shayne’s portfolio.

Other Hedge Funds, Including , Capital One National Association added USG to its portfolio by purchasing 12,269 company shares during the most recent quarter which is valued at $375,186. USG Corporation makes up approx 0.03% of Capital One National Association’s portfolio. Simplex Trading sold out all of its stake in USG during the most recent quarter. The investment firm sold 10,164 shares of USG which is valued $310,815. Cutler Group Lp sold out all of its stake in USG during the most recent quarter. The investment firm sold 1,600 shares of USG which is valued $46,576.

USG Corporation opened for trading at $28.69 and hit $29.08 on the upside on Thursday, eventually ending the session at $28.83, with a gain of 0.42% or 0.12 points. The heightened volatility saw the trading volume jump to 15,27,038 shares. Company has a market cap of $4,208 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 .Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 31 from a previous price target of $28 .

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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