USG Corp. (NYSE:USG) Chairman James S. Metcalf sold 15,577 shares of the company’s stock in a transaction that occurred on 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 transaction, the chairman now owns 319,750 shares in the company, valued at approximately $8,313,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
USG Corp. (NYSE:USG) opened at 25.41 on Friday. The company has a 50-day moving average price of $26.78 and a 200-day moving average price 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. has a 1-year low of $15.85 and a 1-year high of $30.84.
USG Corp. (NYSE:USG) last issued its earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The company earned $1,000 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect that USG Corp. will post $1.71 EPS for the current fiscal year.
Several equities analysts recently commented on USG shares. SunTrust Banks Inc. upped their price objective on USG Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, August 29th. Macquarie reiterated a “buy” rating and issued a $35.00 price objective on shares of USG Corp. in a research note on Monday, June 13th. Vertical Group upgraded USG Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday, September 19th. Vertical Research upgraded USG Corp. from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Finally, Bank of America Corp. started coverage on USG Corp. in a research note on Friday, September 23rd. They issued a “buy” rating and a $36.00 price objective on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $32.20.
Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of USG Corp. during the first quarter valued at about $122,000. Societe Generale acquired a new position in shares of USG Corp. during the second quarter valued at $165,000. Zions Bancorporation acquired a new position in shares of USG Corp. during the first quarter valued at $156,000. Meeder Asset Management Inc. acquired a new position in shares of USG Corp. during the second quarter valued at $182,000. Finally, IFP Advisors Inc boosted its position in shares of USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock valued at $235,000 after buying an additional 2,982 shares in the last quarter. Institutional investors own 81.66% of the company’s stock.
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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