USG Corp. (NYSE:USG) Chairman James S. Metcalf sold 15,577 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
USG Corp. (NYSE:USG) opened at 25.41 on Friday. USG Corp. has a 1-year low of $15.85 and a 1-year high of $30.84. The stock has a 50 day moving average of $26.78 and a 200-day moving average of $27.28. The company has a market cap of $3.71 billion, a PE ratio of 3.65 and a beta of 1.77.
USG Corp. (NYSE:USG) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, missing the Zacks’ 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 earned $1,000 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the company posted $0.53 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts predict that USG Corp. will post $1.71 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in USG. Adage Capital Partners GP L.L.C. raised its position in shares of USG Corp. by 72.6% in the first quarter. Adage Capital Partners GP L.L.C. now owns 4,210,300 shares of the company’s stock worth $104,458,000 after buying an additional 1,770,297 shares during the period. Nuveen Asset Management LLC bought a new position in shares of USG Corp. during the first quarter worth approximately $1,857,000. Renaissance Technologies LLC bought a new position in shares of USG Corp. during the first quarter worth approximately $1,511,000. HBK Investments L P bought a new position in shares of USG Corp. during the first quarter worth approximately $1,040,000. Finally, Geode Capital Management LLC raised its position in shares of 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. Institutional investors and hedge funds own 81.66% of the company’s stock.
USG has been the topic of several research analyst reports. SunTrust Banks Inc. raised their price target on USG Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, August 29th. Northcoast Research downgraded USG Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 31st. Jefferies Group raised their price target on USG Corp. from $32.00 to $33.00 and gave the company a “hold” rating in a research report on Wednesday, July 27th. Citigroup Inc. initiated coverage on USG Corp. in a research report on Friday, August 26th. They issued a “neutral” rating and a $32.00 price target on the stock. Finally, Royal Bank Of Canada raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price on the stock in a research report on Tuesday, September 13th. Two 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. has a consensus rating of “Hold” and an average price target of $32.20.
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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