USG Co. (USG) CEO Sells $226,929.30 in Stock
USG Co. (NYSE:USG) CEO Jennifer F. Scanlon sold 6,045 shares of USG stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total transaction of $226,929.30. Following the sale, the chief executive officer now owns 85,429 shares in the company, valued at $3,207,004.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of USG Co. (NYSE:USG) traded up $0.51 during midday trading on Friday, hitting $37.88. 792,226 shares of the stock were exchanged, compared to its average volume of 1,013,495. The firm has a market cap of $5,359.07, a P/E ratio of 22.02, a P/E/G ratio of 1.89 and a beta of 1.21. USG Co. has a 1 year low of $25.60 and a 1 year 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 quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The firm had revenue of $795.00 million for the quarter, compared to the consensus estimate of $790.54 million. USG had a net margin of 14.93% and a return on equity of 12.90%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.46 EPS. sell-side analysts expect that USG Co. will post 1.67 earnings per share for the current year.
Several equities research analysts recently commented on the stock. ValuEngine downgraded shares of USG from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 target price (up from $28.00) on shares of USG in a research report on Monday, September 18th. Nomura cut their target price on shares of USG from $32.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, September 18th. TheStreet downgraded shares of USG from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Finally, BidaskClub downgraded shares of USG from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.77.
Several hedge funds and other institutional investors have recently modified their holdings of USG. Aperio Group LLC lifted its position in shares of USG by 27.8% in the 2nd quarter. Aperio Group LLC now owns 21,619 shares of the construction company’s stock worth $627,000 after purchasing an additional 4,697 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of USG by 3.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after purchasing an additional 631 shares during the period. Thompson Investment Management Inc. lifted its position in shares of USG by 10.1% in the 2nd quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after purchasing an additional 1,125 shares during the period. Hosking Partners LLP lifted its position in shares of USG by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock worth $6,635,000 after purchasing an additional 3,681 shares during the period. Finally, LSV Asset Management increased its stake in shares of USG by 5.5% in the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock valued at $21,977,000 after acquiring an additional 39,500 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.
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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.
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