Insider Selling: USG Corporation (NYSE:USG) Insider Sells 30,000 Shares of Stock

USG Corporation (NYSE:USG) insider Brian J. Cook sold 30,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total value of $1,037,400.00. Following the completion of the transaction, the insider now owns 84,538 shares in the company, valued at $2,923,324.04. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of USG Corporation (NYSE:USG) opened at $34.09 on Tuesday. USG Corporation has a 1 year low of $25.60 and a 1 year high of $35.02. The firm has a market cap of $4,797.40, a P/E ratio of 19.72, a PEG ratio of 1.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73.

USG Corporation (NYSE:USG) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. analysts predict that USG Corporation will post 1.67 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in shares of USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after purchasing an additional 4,009,572 shares during the last quarter. Janus Capital Management LLC grew its stake in shares of USG Corporation by 1,445.9% in the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after purchasing an additional 677,304 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of USG Corporation in the second quarter worth $5,467,000. Dimensional Fund Advisors LP grew its stake in shares of USG Corporation by 9.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock worth $62,251,000 after purchasing an additional 167,321 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of USG Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after purchasing an additional 76,843 shares during the last quarter. 86.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have recently weighed in on USG shares. Robert W. Baird reissued a “hold” rating and issued a $30.00 price target on shares of USG Corporation in a research note on Monday, August 28th. ValuEngine raised USG Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Bank of America Corporation downgraded USG Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $31.00 in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “hold” rating and set a $31.00 price objective (up previously from $28.00) on shares of USG Corporation in a research note on Monday, September 18th. Finally, Nomura lowered their target price on USG Corporation from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, September 18th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $32.07.

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.

Insider Buying and Selling by Quarter for USG Corporation (NYSE:USG)

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