USG Corporation (USG) : Greylin Investment Mangement Inc reduced its stake in USG Corporation by 0.45% during the most recent quarter end. The investment management company now holds a total of 942,350 shares of USG Corporation which is valued at $27,054,869 after selling 4,225 shares in USG Corporation , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.USG Corporation makes up approximately 5.98% of Greylin Investment Mangement Inc’s portfolio.
Other Hedge Funds, Including , Huntington National Bank sold out all of its stake in USG during the most recent quarter. The investment firm sold 300 shares of USG which is valued $8,613.Davenport Co boosted its stake in USG in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 21,250 shares of USG Corporation which is valued at $618,588. USG Corporation makes up approx 0.01% of Davenport Co’s portfolio.Curian Capital reduced its stake in USG by selling 34,296 shares or 69.54% in the most recent quarter. The Hedge Fund company now holds 15,021 shares of USG which is valued at $424,493. USG Corporation makes up approx 0.03% of Curian Capital’s portfolio.
USG Corporation closed down -0.67 points or -2.32% at $28.16 with 16,85,456 shares getting traded on Friday. Post opening the session at $28.85, the shares hit an intraday low of $28.1 and an intraday high of $28.88 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. 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.