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.
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