USG Corp. (USG) Chairman James S. Metcalf Sells 15,577 Shares
USG Corp. (NYSE:USG) Chairman James S. Metcalf sold 15,577 shares of the business’s 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 transaction, the chairman now owns 319,750 shares of the company’s stock, valued at $8,313,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
USG Corp. (NYSE:USG) opened at 25.41 on Friday. The company has a market capitalization of $3.71 billion, a P/E 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. The stock’s 50 day moving average is $26.78 and its 200 day moving average is $27.28.
USG Corp. (NYSE:USG) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.02. The company earned $1,000 million during the quarter, compared to the consensus estimate of $1.01 billion. USG Corp. had a net margin of 26.60% and a return on equity of 21.37%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. On average, equities research analysts expect that USG Corp. will post $1.71 earnings per share for the current year.
A number of research analysts have recently commented on the stock. Jefferies Group restated a “hold” rating on shares of USG Corp. in a research report on Wednesday, August 3rd. Royal Bank Of Canada upgraded shares of USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research report on Tuesday, September 13th. Macquarie reiterated a “buy” rating and issued a $35.00 target price on shares of USG Corp. in a research report on Monday, June 13th. SunTrust Banks Inc. upped their target price on shares of USG Corp. from $33.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Finally, Northcoast Research lowered shares of USG Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. USG Corp. currently has an average rating of “Hold” and an average target price of $32.20.
A number of hedge funds have recently made changes to their positions in USG. Acrospire Investment Management LLC bought a new stake in shares of USG Corp. during the first quarter worth about $122,000. Zions Bancorporation bought a new stake in shares of USG Corp. during the first quarter worth about $156,000. Societe Generale bought a new stake in shares of USG Corp. during the second quarter worth about $165,000. Meeder Asset Management Inc. bought a new stake in shares of USG Corp. during the second quarter worth about $182,000. Finally, BlackRock Japan Co. Ltd bought a new stake in shares of USG Corp. during the first quarter worth about $219,000. Institutional investors own 81.66% of the company’s stock.
About USG Corp.
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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