New York State Teachers Retirement System continued to hold its position in shares of USG Corporation (NYSE:USG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,700 shares of the construction company’s stock at the end of the first quarter. New York State Teachers Retirement System’s holdings in USG Corporation were worth $245,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Tyers Asset Management LLC acquired a new position in shares of USG Corporation during the first quarter worth about $129,000. Creative Planning raised its position in shares of USG Corporation by 35.3% in the first quarter. Creative Planning now owns 4,085 shares of the construction company’s stock worth $130,000 after buying an additional 1,065 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of USG Corporation during the first quarter worth about $146,000. Elkfork Partners LLC acquired a new position in shares of USG Corporation during the first quarter worth about $178,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in shares of USG Corporation during the first quarter worth about $205,000. Institutional investors and hedge funds own 89.27% of the company’s stock.
Shares of USG Corporation (NYSE:USG) opened at 25.78 on Friday. The company has a 50-day moving average of $27.85 and a 200 day moving average of $30.28. The firm has a market cap of $3.70 billion, a P/E ratio of 8.27 and a beta of 1.08. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67.
USG Corporation (NYSE:USG) last issued its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million during the quarter, compared to analysts’ expectations of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. USG Corporation’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.46 earnings per share. On average, equities analysts expect that USG Corporation will post $1.68 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “New York State Teachers Retirement System Has $245,000 Stake in USG Corporation (NYSE:USG)” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://stocknewstimes.com/2017/08/18/new-york-state-teachers-retirement-system-has-245000-position-in-usg-corporation-nyseusg-updated-updated.html.
A number of brokerages recently issued reports on USG. BidaskClub lowered shares of USG Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Barclays PLC raised shares of USG Corporation from an “underweight” rating to an “equal weight” rating and decreased their target price for the company from $28.00 to $26.00 in a research report on Sunday, July 30th. Instinet reissued a “neutral” rating and set a $33.00 target price (up previously from $30.00) on shares of USG Corporation in a research report on Saturday, April 29th. Nomura set a $30.00 target price on shares of USG Corporation and gave the company a “hold” rating in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of USG Corporation in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $31.00.
In other news, insider Jennifer F. Scanlon purchased 1,500 shares of USG Corporation stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average cost of $29.39 per share, with a total value of $44,085.00. Following the completion of the purchase, the insider now directly owns 82,902 shares in the company, valued at $2,436,489.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeanette A. Press sold 3,121 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the sale, the vice president now directly owns 13,981 shares in the company, valued at $399,157.55. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.
USG Corporation Company 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.
Receive News & Ratings for USG Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
