State of Wisconsin Investment Board cut its stake in shares of USG Corporation (NYSE:USG) by 63.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,440 shares of the construction company’s stock after selling 29,832 shares during the period. State of Wisconsin Investment Board’s holdings in USG Corporation were worth $555,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Somerset Trust Co raised its stake in USG Corporation by 0.5% in the first quarter. Somerset Trust Co now owns 16,784 shares of the construction company’s stock valued at $533,000 after buying an additional 80 shares during the last quarter. Creative Planning raised its stake in USG Corporation by 35.3% in the first quarter. Creative Planning now owns 4,085 shares of the construction company’s stock valued at $130,000 after buying an additional 1,065 shares during the last quarter. Tyers Asset Management LLC acquired a new stake in USG Corporation during the first quarter valued at about $129,000. Old Mutual Global Investors UK Ltd. acquired a new stake in USG Corporation during the first quarter valued at about $146,000. Finally, Bank of Montreal Can raised its stake in USG Corporation by 42.0% in the first quarter. Bank of Montreal Can now owns 17,129 shares of the construction company’s stock valued at $546,000 after buying an additional 5,070 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for USG Corporation (NYSE:USG)

USG Corporation (NYSE:USG) opened at 28.61 on Friday. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 8.48 and a beta of 1.21. The firm’s 50-day moving average is $29.24 and its 200-day moving average is $30.77.

USG Corporation (NYSE:USG) last announced its quarterly earnings data on Thursday, April 27th. The construction company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.09. USG Corporation had a net margin of 15.23% and a return on equity of 14.57%. The firm had revenue of $767 million during the quarter, compared to the consensus estimate of $741.50 million. During the same period last year, the business earned $0.43 EPS. The business’s revenue was up 2.7% on a year-over-year basis. Analysts forecast that USG Corporation will post $1.85 EPS for the current fiscal year.

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Several research firms recently issued reports on USG. BidaskClub raised shares of USG Corporation from a “sell” rating to a “hold” rating in a research note on Friday. Macquarie lowered shares of USG Corporation from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $34.00 in a research note on Wednesday, March 29th. Nomura began coverage on shares of USG Corporation in a research note on Wednesday, April 12th. They issued a “neutral” rating and a $33.00 price objective for the company. Instinet reaffirmed a “neutral” rating and issued a $33.00 price objective (up previously from $30.00) on shares of USG Corporation in a research note on Saturday, April 29th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $33.00 price objective (down previously from $35.00) on shares of USG Corporation in a research note on Saturday, April 29th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. USG Corporation presently has an average rating of “Hold” and a consensus price target of $32.07.

In other news, VP Jeanette A. Press sold 3,121 shares of USG Corporation stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the transaction, the vice president now owns 13,981 shares of the company’s stock, valued at approximately $399,157.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jennifer F. Scanlon acquired 1,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was purchased at an average cost of $29.39 per share, with a total value of $44,085.00. Following the transaction, the insider now owns 82,902 shares in the company, valued at $2,436,489.78. The disclosure for this purchase can be found here. Company insiders own 0.67% of the company’s stock.

USG Corporation Company Profile

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.

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