New York State Common Retirement Fund decreased its holdings in shares of USG Co. (NYSE:USG) by 5.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 181,800 shares of the construction company’s stock after selling 11,500 shares during the period. New York State Common Retirement Fund’s holdings in USG were worth $7,348,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. First Trust Advisors LP lifted its position in shares of USG by 62.2% during the 4th quarter. First Trust Advisors LP now owns 102,009 shares of the construction company’s stock valued at $3,933,000 after buying an additional 39,104 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of USG by 3.1% during the 4th quarter. California Public Employees Retirement System now owns 171,522 shares of the construction company’s stock valued at $6,614,000 after buying an additional 5,200 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of USG by 561.1% during the 1st quarter. State of Wisconsin Investment Board now owns 116,085 shares of the construction company’s stock valued at $4,692,000 after buying an additional 98,525 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of USG by 67.9% during the 4th quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock valued at $337,000 after buying an additional 3,536 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of USG by 2.0% during the 4th quarter. BlackRock Inc. now owns 4,208,210 shares of the construction company’s stock valued at $162,270,000 after buying an additional 83,824 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

In other USG news, insider Brian J. Cook sold 15,000 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was sold at an average price of $41.35, for a total value of $620,250.00. Following the completion of the sale, the insider now directly owns 78,925 shares of the company’s stock, valued at approximately $3,263,548.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.66% of the stock is owned by company insiders.

A number of research analysts have recently issued reports on the company. Buckingham Research increased their target price on USG from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, June 13th. Credit Suisse Group set a $44.00 target price on USG and gave the company a “hold” rating in a research report on Monday, June 11th. Barclays lowered USG from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $41.00 to $44.00 in a research report on Tuesday, June 12th. Raymond James lowered USG from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 12th. Finally, Robert W. Baird lowered USG from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. USG currently has a consensus rating of “Hold” and a consensus price target of $40.79.

Shares of USG opened at $43.18 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.75 and a current ratio of 2.39. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 23.99, a PEG ratio of 0.90 and a beta of 1.12. USG Co. has a fifty-two week low of $25.60 and a fifty-two week high of $43.28.

USG (NYSE:USG) last announced its quarterly earnings data on Wednesday, April 25th. The construction company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). USG had a net margin of 2.39% and a return on equity of 13.36%. The firm had revenue of $786.00 million during the quarter, compared to analysts’ expectations of $768.37 million. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. sell-side analysts expect that USG Co. will post 2.2 EPS for the current year.

USG Profile

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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Institutional Ownership by Quarter for USG (NYSE:USG)

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