USG Corp. (USG) Trading Up 4.3%
Shares of USG Corp. (NYSE:USG) were up 4.3% during mid-day trading on Wednesday . The company traded as high as $30.84 and last traded at $30.62, with a volume of 1,706,623 shares trading hands. The stock had previously closed at $29.35.
A number of analysts have issued reports on USG shares. Royal Bank Of Canada lifted their target price on shares of USG Corp. from $24.00 to $28.00 in a research note on Tuesday, April 12th. Macquarie reiterated a “buy” rating and issued a $35.00 target price on shares of USG Corp. in a research note on Monday, June 13th. Zacks Investment Research upgraded shares of USG Corp. from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, April 26th. Barclays PLC lifted their target price on shares of USG Corp. from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Friday, April 22nd. Finally, Vertical Research cut shares of USG Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $31.30.
The company has a market capitalization of $4.46 billion and a PE ratio of 4.35. The company’s 50-day moving average is $27.54 and its 200-day moving average is $24.49.
USG Corp. (NYSE:USG) last released its quarterly earnings results on Thursday, April 21st. The company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.17. The firm had revenue of $970 million for the quarter, compared to the consensus estimate of $932.98 million. During the same quarter last year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts predict that USG Corp. will post $1.79 earnings per share for the current year.
In related news, VP Mary A. Martin sold 5,000 shares of USG Corp. stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $28.20, for a total value of $141,000.00. Following the transaction, the vice president now directly owns 21,211 shares of the company’s stock, valued at $598,150.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dominic A. Dannessa sold 2,000 shares of USG Corp. stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $29.03, for a total value of $58,060.00. Following the completion of the transaction, the insider now directly owns 64,937 shares in the company, valued at $1,885,121.11. The disclosure for this sale can be found here.
Several institutional investors recently bought and sold shares of the company. Freestone Capital Holdings LLC raised its position in USG Corp. by 4.1% in the fourth quarter. Freestone Capital Holdings LLC now owns 42,608 shares of the company’s stock worth $1,035,000 after buying an additional 1,660 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in USG Corp. during the fourth quarter worth approximately $1,450,000. First Trust Advisors LP raised its position in USG Corp. by 27.4% in the fourth quarter. First Trust Advisors LP now owns 74,774 shares of the company’s stock worth $1,816,000 after buying an additional 16,082 shares in the last quarter. PNC Financial Services Group Inc. raised its position in USG Corp. by 34.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 76,345 shares of the company’s stock worth $1,854,000 after buying an additional 19,512 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in USG Corp. during the fourth quarter worth approximately $1,866,000.
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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