Bank of New York Mellon Corp reduced its position in USG Co. (NYSE:USG) by 4.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,991 shares of the construction company’s stock after selling 14,720 shares during the quarter. Bank of New York Mellon Corp’s holdings in USG were worth $14,444,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Synovus Financial Corp bought a new stake in shares of USG in the 2nd quarter valued at about $129,000. US Bancorp DE lifted its stake in shares of USG by 54.8% in the 2nd quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after acquiring an additional 1,435 shares during the last quarter. Gideon Capital Advisors Inc. bought a new stake in shares of USG in the 2nd quarter valued at about $264,000. Bank of Montreal Can bought a new stake in shares of USG in the 2nd quarter valued at about $285,000. Finally, SG Americas Securities LLC bought a new stake in shares of USG in the 2nd quarter valued at about $355,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.

Separately, Zacks Investment Research lowered USG from a “hold” rating to a “sell” rating in a research note on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.17.

NYSE USG opened at $43.04 on Thursday. USG Co. has a 1-year low of $32.09 and a 1-year high of $43.47. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.10 and a quick ratio of 1.52. The stock has a market capitalization of $6.02 billion, a PE ratio of 23.91, a P/E/G ratio of 1.04 and a beta of 0.86.

USG (NYSE:USG) last released its earnings results on Thursday, October 25th. The construction company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.12). The company had revenue of $851.00 million during the quarter, compared to the consensus estimate of $850.00 million. USG had a net margin of 2.75% and a return on equity of 13.93%. Equities research analysts forecast that USG Co. will post 1.86 earnings per share for the current year.

In other USG news, EVP Matthew F. Hilzinger sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $43.01, for a total transaction of $1,075,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Cook sold 52,063 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $43.04, for a total value of $2,240,791.52. Following the transaction, the insider now directly owns 66,629 shares of the company’s stock, valued at approximately $2,867,712.16. The disclosure for this sale can be found here. Insiders have sold a total of 124,715 shares of company stock valued at $5,347,155 in the last ninety days. 0.66% of the stock is currently owned by corporate insiders.

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About USG

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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