USG Corporation (NYSE:USG) released its earnings results on Wednesday. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $734 million for the quarter, compared to the consensus estimate of $727.44 million. USG Corporation had a net margin of 27.70% and a return on equity of 17.04%. USG Corporation’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.42 EPS.
USG Corporation (NYSE:USG) opened at 30.59 on Wednesday. USG Corporation has a 52-week low of $16.55 and a 52-week high of $32.26. The firm has a market capitalization of $4.47 billion, a PE ratio of 4.44 and a beta of 1.48. The firm’s 50-day moving average is $29.51 and its 200-day moving average is $27.86.
Several research firms have recently commented on USG. Zacks Investment Research raised shares of USG Corporation from a “sell” rating to a “hold” rating in a report on Friday, January 6th. Wedbush dropped their price objective on shares of USG Corporation from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, October 27th. Macquarie reaffirmed an “outperform” rating and issued a $38.00 price objective on shares of USG Corporation in a report on Wednesday, December 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $30.00 price objective (up from $28.00) on shares of USG Corporation in a report on Wednesday, January 11th. Finally, Evercore ISI began coverage on shares of USG Corporation in a report on Monday, November 14th. They issued a “buy” rating and a $33.00 price objective on the stock. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $32.40.
In other news, insider Dominic A. Dannessa sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $30.63, for a total transaction of $42,882.00. Following the transaction, the insider now directly owns 60,437 shares in the company, valued at $1,851,185.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dominic A. Dannessa sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $29.01, for a total transaction of $58,020.00. Following the transaction, the insider now owns 62,937 shares in the company, valued at $1,825,802.37. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,500 shares of company stock worth $133,847. Insiders own 1.40% of the company’s stock.
A number of institutional investors have recently bought and sold shares of USG. Cantab Capital Partners LLP purchased a new position in USG Corporation during the second quarter worth $271,000. Paloma Partners Management Co raised its position in USG Corporation by 274.0% in the second quarter. Paloma Partners Management Co now owns 38,290 shares of the company’s stock worth $1,033,000 after buying an additional 28,051 shares during the period. LPL Financial LLC purchased a new position in USG Corporation during the third quarter worth $1,156,000. Panagora Asset Management Inc. raised its position in USG Corporation by 78.9% in the second quarter. Panagora Asset Management Inc. now owns 63,156 shares of the company’s stock worth $1,703,000 after buying an additional 27,854 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in USG Corporation by 7.1% in the second quarter. TIAA CREF Investment Management LLC now owns 4,376,368 shares of the company’s stock worth $117,987,000 after buying an additional 288,217 shares during the period. Hedge funds and other institutional investors own 84.02% of the company’s stock.
USG Corporation Company Profile
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.