Todays Report: The Dudley & Shanley LLC lowers its Position in USG Corp. (USG)

The Dudley & Shanley LLC lowers its Position in USG Corp. (USG)

Dudley & Shanley LLC lowered its stake in USG Corp. (NYSE:USG) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,168,050 shares of the company’s stock after selling 10,700 shares during the period. USG Corp. accounts for 7.2% of Dudley & Shanley LLC’s portfolio, making the stock its 2nd largest position. Dudley & Shanley LLC’s holdings in USG Corp. were worth $31,491,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of USG. Smithfield Trust Co. raised its position in shares of USG Corp. by 1.4% in the second quarter. Smithfield Trust Co. now owns 40,648 shares of the company’s stock valued at $1,095,000 after buying an additional 542 shares during the period. Smith Asset Management Group LP purchased a new position in shares of USG Corp. during the second quarter valued at $21,292,000. Meeder Asset Management Inc. purchased a new position in shares of USG Corp. during the second quarter valued at $182,000. Highland Capital Management LLC purchased a new position in shares of USG Corp. during the second quarter valued at $1,184,000. Finally, DAVENPORT & Co LLC raised its position in shares of USG Corp. by 1.9% in the second quarter. DAVENPORT & Co LLC now owns 21,250 shares of the company’s stock valued at $573,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 81.66% of the company’s stock.

USG Corp. (NYSE:USG) traded up 1.18% during trading on Friday, reaching $26.49. The company had a trading volume of 1,279,143 shares. The firm has a 50-day moving average price of $26.54 and a 200 day moving average price of $27.32. The stock has a market cap of $3.87 billion, a P/E ratio of 3.80 and a beta of 1.77. USG Corp. has a 12-month low of $15.85 and a 12-month high of $30.84.

USG Corp. (NYSE:USG) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by $0.02. USG Corp. had a net margin of 26.60% and a return on equity of 21.37%. The company had revenue of $1,000 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that USG Corp. will post $1.71 EPS for the current fiscal year.

USG has been the topic of several research reports. Zacks Investment Research lowered USG Corp. from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 23rd. Credit Suisse Group AG reaffirmed a “sell” rating on shares of USG Corp. in a research report on Tuesday, June 28th. Wedbush increased their target price on USG Corp. from $27.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 6th. Jefferies Group raised their price objective on USG Corp. from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, July 27th. Finally, Citigroup Inc. assumed coverage on USG Corp. in a research report on Friday, August 26th. They issued a “neutral” rating and a $32.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. USG Corp. currently has an average rating of “Hold” and a consensus target price of $32.20.

In related news, Chairman James S. Metcalf sold 15,577 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $26.00, for a total value of $405,002.00. Following the completion of the sale, the chairman now directly owns 319,750 shares in the company, valued at $8,313,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth R. Banas sold 1,715 shares of the company’s stock in a transaction on Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the completion of the sale, the vice president now owns 13,500 shares of the company’s stock, valued at $378,000. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

USG Corp. Company Profile

USG Corporation 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 certain industrial processes. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

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