Gregory D. Salah Sells 3,475 Shares of USG Co. (USG) Stock

USG Co. (NYSE:USG) insider Gregory D. Salah sold 3,475 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $37.75, for a total transaction of $131,181.25. Following the completion of the transaction, the insider now owns 39,484 shares of the company’s stock, valued at $1,490,521. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of USG Co. (NYSE USG) traded down $0.40 during trading hours on Thursday, hitting $37.31. 573,800 shares of the company’s stock were exchanged, compared to its average volume of 1,613,760. The firm has a market capitalization of $5,335.00, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21. USG Co. has a 52 week low of $25.60 and a 52 week high of $38.91. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

USG (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.47. USG had a net margin of 14.93% and a return on equity of 12.90%. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $790.54 million. During the same period in the prior year, the company earned $0.46 earnings per share. The firm’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that USG Co. will post 1.67 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Beck Capital Management LLC acquired a new stake in shares of USG in the 3rd quarter worth about $327,000. SG Americas Securities LLC acquired a new stake in shares of USG in the 3rd quarter worth about $170,000. New York State Common Retirement Fund increased its holdings in shares of USG by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after acquiring an additional 4,100 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of USG in the 2nd quarter worth about $5,467,000. Finally, Amalgamated Bank increased its holdings in shares of USG by 27.2% in the 2nd quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after acquiring an additional 3,404 shares during the period. 85.80% of the stock is currently owned by institutional investors and hedge funds.

USG has been the subject of several analyst reports. Robert W. Baird restated a “hold” rating and issued a $30.00 target price on shares of USG in a research note on Monday, August 28th. ValuEngine upgraded shares of USG from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price objective (up from $28.00) on shares of USG in a research note on Monday, September 18th. Nomura reduced their price objective on shares of USG from $32.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, September 18th. Finally, Zacks Investment Research upgraded shares of USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $32.77.

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USG 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.

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

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