USG Corporation (USG) : Trust Co Of Oklahoma reduced its stake in USG Corporation by 1.09% during the most recent quarter end. The investment management company now holds a total of 18,150 shares of USG Corporation which is valued at $461,192 after selling 200 shares in USG Corporation , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.USG Corporation makes up approximately 0.26% of Trust Co Of Oklahoma’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in USG by selling 7,250 shares or 17.49% in the most recent quarter. The Hedge Fund company now holds 34,200 shares of USG which is valued at $869,022. USG Corporation makes up approx 0.12% of First Mercantile Trust Co’s portfolio. Independent Portfolio Consultants added USG to its portfolio by purchasing 410 company shares during the most recent quarter which is valued at $10,480.Bnp Paribas Arbitrage Sa boosted its stake in USG in the latest quarter, The investment management firm added 68,088 additional shares and now holds a total of 310,882 shares of USG Corporation which is valued at $7,946,144. USG Corporation makes up approx 0.03% of Bnp Paribas Arbitrage Sa’s portfolio.Eqis Capital Management reduced its stake in USG by selling 490 shares or 1.74% in the most recent quarter. The Hedge Fund company now holds 27,701 shares of USG which is valued at $708,038. USG Corporation makes up approx 0.04% of Eqis Capital Management’s portfolio.Beacon Financial Group reduced its stake in USG by selling 410 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 9,056 shares of USG which is valued at $231,471. USG Corporation makes up approx 0.05% of Beacon Financial Group’s portfolio.
USG Corporation closed down -0.68 points or -2.61% at $25.41 with 11,05,081 shares getting traded on Friday. Post opening the session at $25.91, the shares hit an intraday low of $25.3 and an intraday high of $26.04 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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. BofA/Merrill Initiated USG Corporation on Sep 23, 2016 to “Buy”, Price Target of the shares are set at $36.RBC Capital Mkts Upgraded USG Corporation on Sep 13, 2016 to ” Outperform”, Price Target of the shares are set at $34.USG Corporation was Downgraded by Northcoast to ” Neutral” on Aug 31, 2016.
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.