Smith Asset Management Group LP bought a new stake in shares of USG Corp. (NYSE:USG) during the second quarter, Holdings Channel reports. The institutional investor bought 789,749 shares of the company’s stock, valued at approximately $21,292,000.

Several other hedge funds have also made changes to their positions in USG. Geode Capital Management LLC increased its position in USG Corp. by 5.0% in the first quarter. Geode Capital Management LLC now owns 534,379 shares of the company’s stock worth $13,257,000 after buying an additional 25,613 shares during the period. UBS Group AG boosted its position in shares of USG Corp. by 13.3% in the first quarter. UBS Group AG now owns 80,799 shares of the company’s stock worth $2,004,000 after buying an additional 9,470 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of USG Corp. by 146.1% in the first quarter. Canada Pension Plan Investment Board now owns 217,100 shares of the company’s stock worth $5,386,000 after buying an additional 128,900 shares in the last quarter. M&T Bank Corp boosted its position in shares of USG Corp. by 3.1% in the first quarter. M&T Bank Corp now owns 30,417 shares of the company’s stock worth $754,000 after buying an additional 923 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in shares of USG Corp. during the first quarter worth about $122,000. Institutional investors own 81.66% of the company’s stock.

USG Corp. (NYSE:USG) traded up 2.18% on Wednesday, reaching $26.19. 1,833,813 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $27.44 and its 200 day moving average price is $27.00. USG Corp. has a 52-week low of $15.85 and a 52-week high of $30.84. The firm has a market capitalization of $3.82 billion, a PE ratio of 3.76 and a beta of 1.96.

USG Corp. (NYSE:USG) last posted its earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The business earned $1,000 million during the quarter, compared to the consensus estimate of $1.01 billion. USG Corp. had a net margin of 26.60% and a return on equity of 21.37%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. On average, analysts predict that USG Corp. will post $1.74 EPS for the current fiscal year.

A number of equities analysts have issued reports on the stock. Vertical Research raised shares of USG Corp. from a “hold” rating to a “buy” rating in a report on Monday. Vertical Group raised shares of USG Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday. RBC Capital Markets raised shares of USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, September 13th. Royal Bank Of Canada raised shares of USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a report on Tuesday, September 13th. Finally, Northcoast Research cut shares of USG Corp. from a “buy” rating to a “neutral” rating in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. USG Corp. has a consensus rating of “Hold” and a consensus price target of $32.21.

In related news, insider Jennifer F. Scanlon sold 9,260 shares of the company’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $27.13, for a total value of $251,223.80. Following the sale, the insider now owns 34,432 shares of the company’s stock, valued at $934,140.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth R. Banas sold 1,715 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were 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 directly owns 13,500 shares in the company, valued at approximately $378,000. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

About USG Corp.

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.

5 Day Chart for NYSE:USG

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