Roundview Capital Lowers stake in USG Corporation (USG)

USG Corporation (USG) : Roundview Capital reduced its stake in USG Corporation by 24.48% during the most recent quarter end. The investment management company now holds a total of 103,794 shares of USG Corporation which is valued at $2,880,284 after selling 33,650 shares in USG Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.USG Corporation makes up approximately 1.02% of Roundview Capital’s portfolio.

Other Hedge Funds, Including , Penn Capital Management Co Inc sold out all of its stake in USG during the most recent quarter. The investment firm sold 94,737 shares of USG which is valued $2,628,952.Gmt Capital Corp boosted its stake in USG in the latest quarter, The investment management firm added 138,100 additional shares and now holds a total of 1,574,400 shares of USG Corporation which is valued at $43,752,576. USG Corporation makes up approx 0.98% of Gmt Capital Corp’s portfolio.Cambridge Investment Research Advisors reduced its stake in USG by selling 690 shares or 7.78% in the most recent quarter. The Hedge Fund company now holds 8,181 shares of USG which is valued at $229,968.Daiwa Securities Group reduced its stake in USG by selling 7,700 shares or 8.37% in the most recent quarter. The Hedge Fund company now holds 84,300 shares of USG which is valued at $2,420,253. USG Corporation makes up approx 0.01% of Daiwa Securities Group’s portfolio.Rockefeller Financial Services Inc reduced its stake in USG by selling 627 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 22,600 shares of USG which is valued at $679,582. USG Corporation makes up approx 0.01% of Rockefeller Financial Services Inc’s portfolio.

USG Corporation opened for trading at $29.57 and hit $30.8001 on the upside on Monday, eventually ending the session at $29.94, with a gain of 6.70% or 1.88 points. The heightened volatility saw the trading volume jump to 64,78,580 shares. Company has a market cap of $4,370 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. USG Corporation was Initiated by Citigroup to “Neutral” on Aug 26, 2016. 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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