Eaton Vance Management Has $1,428,000 Holdings in USG Corporation (USG)
Eaton Vance Management held its stake in USG Corporation (NYSE:USG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,203 shares of the construction company’s stock at the end of the 2nd quarter. Eaton Vance Management’s holdings in USG Corporation were worth $1,428,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of USG. BlackRock Inc. grew its position in shares of USG Corporation by 14,864.0% during the 1st quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after acquiring an additional 4,009,572 shares during the period. JPMorgan Chase & Co. grew its position in shares of USG Corporation by 953.1% during the 1st quarter. JPMorgan Chase & Co. now owns 1,986,738 shares of the construction company’s stock valued at $63,179,000 after acquiring an additional 1,798,074 shares during the period. Bank of America Corp DE grew its position in shares of USG Corporation by 95.8% during the 1st quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock valued at $113,834,000 after acquiring an additional 1,751,530 shares during the period. Fairfax Financial Holdings Ltd Can grew its position in shares of USG Corporation by 335.8% during the 1st quarter. Fairfax Financial Holdings Ltd Can now owns 1,530,522 shares of the construction company’s stock valued at $48,671,000 after acquiring an additional 1,179,300 shares during the period. Finally, Macquarie Group Ltd. grew its position in shares of USG Corporation by 94.2% during the 1st quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock valued at $66,342,000 after acquiring an additional 1,011,813 shares during the period. 87.00% of the stock is owned by hedge funds and other institutional investors.
Shares of USG Corporation (NYSE USG) opened at 31.22 on Friday. The firm has a 50-day moving average of $28.31 and a 200 day moving average of $29.74. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67. The stock has a market cap of $4.48 billion, a PE ratio of 10.02 and a beta of 1.00.
USG Corporation (NYSE:USG) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $811.00 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. On average, equities analysts forecast that USG Corporation will post $1.68 EPS for the current fiscal year.
USG has been the subject of a number of recent research reports. BidaskClub raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 17th. Barclays PLC raised shares of USG Corporation from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $28.00 to $26.00 in a report on Sunday, July 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a report on Monday, August 28th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $30.25.
In other news, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the sale, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.
About USG Corporation
USG Corporation, through its subsidiaries, is a manufacturer and distributor of building materials. The Company’s segments include Gypsum, Ceilings and USG Boral Building Products (UBBP). It 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.
Receive News & Ratings for USG Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.