USG Co. (USG) Insider Sells $131,181.25 in 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 value 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 this link.
Shares of USG Co. (NYSE USG) traded up $0.51 during mid-day trading on Friday, hitting $37.88. The stock had a trading volume of 792,226 shares, compared to its average volume of 1,013,495. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5,359.07, a PE ratio of 22.02, a PEG ratio of 1.89 and a beta of 1.21. USG Co. has a 12 month low of $25.60 and a 12 month high of $38.91.
USG (NYSE:USG) last announced its earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $790.54 million. USG had a return on equity of 12.90% and a net margin of 14.93%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. equities research analysts forecast that USG Co. will post 1.67 earnings per share for the current year.
A number of research analysts recently commented on the company. 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. Citigroup restated a “neutral” rating and issued a $34.00 target price (up from $31.00) on shares of USG in a research note on Monday, October 9th. ValuEngine upgraded USG from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Zacks Investment Research upgraded USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Nomura dropped their price objective on USG from $32.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, September 18th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $32.77.
Several hedge funds have recently made changes to their positions in the company. LSV Asset Management grew its holdings in shares of USG by 5.5% during the second quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after purchasing an additional 39,500 shares during the last quarter. Hosking Partners LLP boosted its holdings in USG by 1.6% in the second quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock valued at $6,635,000 after acquiring an additional 3,681 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in USG by 2.2% in the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock valued at $6,207,000 after acquiring an additional 4,100 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in USG in the second quarter valued at about $5,467,000. Finally, Aperio Group LLC boosted its holdings in USG by 27.8% in the second quarter. Aperio Group LLC now owns 21,619 shares of the construction company’s stock valued at $627,000 after acquiring an additional 4,697 shares during the last quarter. 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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