USG Corp. (USG) Chairman James S. Metcalf Sells 15,577 Shares
USG Corp. (NYSE:USG) Chairman James S. Metcalf sold 15,577 shares of USG Corp. stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $26.00, for a total transaction of $405,002.00. Following the completion of the sale, the chairman now owns 319,750 shares in the company, valued at $8,313,500. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of USG Corp. (NYSE:USG) opened at 25.41 on Friday. The firm has a 50-day moving average of $26.78 and a 200 day moving average of $27.28. The stock has a market capitalization of $3.71 billion, a PE ratio of 3.65 and a beta of 1.77. USG Corp. has a 52-week low of $15.85 and a 52-week high of $30.84.
USG Corp. (NYSE:USG) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.02. The company had revenue of $1,000 million for the quarter, compared to analyst estimates of $1.01 billion. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. Equities research analysts forecast that USG Corp. will post $1.71 EPS for the current fiscal year.
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USG has been the topic of a number of research reports. SunTrust Banks Inc. lifted their price target on shares of USG Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a report on Monday, August 29th. Macquarie reissued 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 raised shares of USG Corp. from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Monday, September 19th. Vertical Research raised shares of USG Corp. from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Finally, Bank of America Corp. initiated coverage on shares of USG Corp. in a research note on Friday, September 23rd. They issued a “buy” rating and a $36.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $32.20.
Large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC acquired a new stake in shares of USG Corp. during the first quarter worth approximately $122,000. Zions Bancorporation acquired a new stake in shares of USG Corp. during the first quarter worth approximately $156,000. Societe Generale acquired a new stake in shares of USG Corp. during the second quarter worth approximately $165,000. Meeder Asset Management Inc. acquired a new stake in shares of USG Corp. during the second quarter worth approximately $182,000. Finally, BlackRock Japan Co. Ltd acquired a new stake in shares of USG Corp. during the first quarter worth approximately $219,000. Institutional investors and hedge funds 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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