USG Co. (USG) Insider Sells $226,877.10 in Stock
USG Co. (NYSE:USG) insider Dominic A. Dannessa sold 6,042 shares of USG stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $37.55, for a total transaction of $226,877.10. Following the sale, the insider now owns 63,255 shares in the company, valued at approximately $2,375,225.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of USG Co. (NYSE USG) opened at $36.89 on Thursday. USG Co. has a 1 year low of $25.60 and a 1 year high of $38.91. The firm has a market cap of $5,223.24, a price-to-earnings ratio of 21.47, a P/E/G ratio of 1.85 and a beta of 1.21. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 1.73.
USG (NYSE:USG) last announced its quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, hitting the 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 quarter in the previous year, the business posted $0.46 earnings per share. USG’s quarterly revenue was up 3.7% on a year-over-year basis. analysts forecast that USG Co. will post 1.67 EPS for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Macquarie lifted their price objective on shares of USG from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, November 15th. J P Morgan Chase & Co lifted their price objective on shares of USG from $30.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Barclays lifted their price objective on shares of USG from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Citigroup lifted their price objective on shares of USG from $34.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. Finally, Bank of America cut shares of USG from a “neutral” rating to an “underperform” rating in a research report on Friday, October 27th. Three investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.77.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. LSV Asset Management boosted its stake in 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 buying an additional 39,500 shares during the period. Hosking Partners LLP boosted its stake in USG by 1.6% during the second quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock worth $6,635,000 after buying an additional 3,681 shares during the period. New York State Common Retirement Fund boosted its stake in USG by 2.2% during the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after buying an additional 4,100 shares during the period. Lord Abbett & CO. LLC purchased a new position in USG during the second quarter worth $5,467,000. Finally, Aperio Group LLC boosted its stake in USG by 27.8% during the second quarter. Aperio Group LLC now owns 21,619 shares of the construction company’s stock worth $627,000 after buying an additional 4,697 shares during the period. 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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