USG Co. (USG) Insider Sells $642,750.00 in Stock

USG Co. (NYSE:USG) insider Brian J. Cook sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 15th. The shares were sold at an average price of $42.85, for a total transaction of $642,750.00. Following the completion of the sale, the insider now owns 49,070 shares of the company’s stock, valued at approximately $2,102,649.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

USG traded down $0.10 during trading on Friday, hitting $42.59. 626,076 shares of the company’s stock were exchanged, compared to its average volume of 2,043,007. The company has a quick ratio of 1.52, a current ratio of 2.10 and a debt-to-equity ratio of 0.58. USG Co. has a 1 year low of $32.09 and a 1 year high of $43.47. The company has a market cap of $5.98 billion, a P/E ratio of 23.66, a P/E/G ratio of 0.98 and a beta of 0.85.

USG (NYSE:USG) last released its quarterly earnings data on Thursday, October 25th. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.12). USG had a return on equity of 13.93% and a net margin of 2.75%. The business had revenue of $851.00 million for the quarter, compared to analysts’ expectations of $850.00 million. Research analysts anticipate that USG Co. will post 2 earnings per share for the current year.

A number of equities analysts have issued reports on USG shares. Citigroup lifted their target price on shares of USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a research report on Monday, July 23rd. Zacks Investment Research cut shares of USG from a “hold” rating to a “sell” rating in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $41.69.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in USG. Natixis lifted its position in shares of USG by 688.3% during the second quarter. Natixis now owns 868,387 shares of the construction company’s stock worth $37,445,000 after purchasing an additional 758,223 shares in the last quarter. Synovus Financial Corp acquired a new position in shares of USG during the second quarter worth $129,000. Bank of Montreal Can acquired a new stake in USG in the second quarter valued at $285,000. Marshall Wace LLP raised its holdings in USG by 144.4% in the second quarter. Marshall Wace LLP now owns 104,201 shares of the construction company’s stock valued at $4,493,000 after acquiring an additional 61,573 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new stake in USG in the second quarter valued at $4,226,000. Institutional investors own 79.88% of the company’s stock.

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About USG

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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