USG Corporation (NYSE:USG) VP Jeanette A. Press sold 3,121 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the sale, the vice president now owns 13,981 shares in the company, valued at $399,157.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
USG Corporation (NYSE USG) traded up 0.28% during mid-day trading on Friday, hitting $28.61. The stock had a trading volume of 1,425,909 shares. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67. The stock has a market cap of $4.17 billion, a P/E ratio of 8.48 and a beta of 1.21. The firm has a 50-day moving average of $29.24 and a 200-day moving average of $30.77.
USG Corporation (NYSE:USG) last issued its earnings results on Thursday, April 27th. The construction company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.09. The firm had revenue of $767 million for the quarter, compared to analyst estimates of $741.50 million. USG Corporation had a return on equity of 14.57% and a net margin of 15.23%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. On average, analysts forecast that USG Corporation will post $1.85 EPS for the current fiscal year.
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Several brokerages have recently weighed in on USG. BidaskClub upgraded USG Corporation from a “sell” rating to a “hold” rating in a report on Friday. Zacks Investment Research downgraded USG Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Instinet restated a “neutral” rating and set a $33.00 price objective (up from $30.00) on shares of USG Corporation in a report on Saturday, April 29th. Jefferies Group LLC restated a “hold” rating and set a $33.00 price objective (down from $35.00) on shares of USG Corporation in a report on Saturday, April 29th. Finally, Nomura set a $30.00 price objective on USG Corporation and gave the stock a “hold” rating in a report on Thursday, April 27th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. USG Corporation currently has an average rating of “Hold” and a consensus price target of $32.07.
Several institutional investors have recently modified their holdings of USG. Quantbot Technologies LP purchased a new position in shares of USG Corporation during the first quarter worth approximately $667,000. Janney Montgomery Scott LLC purchased a new position in shares of USG Corporation during the first quarter worth approximately $352,000. Glen Harbor Capital Management LLC purchased a new position in shares of USG Corporation during the first quarter worth approximately $275,000. Quantitative Systematic Strategies LLC purchased a new position in shares of USG Corporation during the first quarter worth approximately $368,000. Finally, Somerset Trust Co increased its position in shares of USG Corporation by 0.5% in the first quarter. Somerset Trust Co now owns 16,784 shares of the construction company’s stock worth $533,000 after buying an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.
USG Corporation Company Profile
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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