USG Corporation (USG) Getting Somewhat Critical Press Coverage, Study Finds

News headlines about USG Corporation (NYSE:USG) have trended somewhat negative on Saturday, AlphaOne Sentiment reports. AlphaOne, a service of Accern, ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. USG Corporation earned a news impact score of -0.12 on AlphaOne’s scale. AlphaOne also assigned news articles about the construction company an impact score of 78 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted AlphaOne’s scoring:

Insider Buying and Selling by Quarter for USG Corporation (NYSE:USG)

USG Corporation (NYSE:USG) traded up 0.28% during trading on Friday, reaching $28.61. The company’s stock had a trading volume of 1,425,909 shares. The stock has a market capitalization of $4.17 billion, a PE ratio of 8.48 and a beta of 1.21. USG Corporation has a 1-year low of $23.71 and a 1-year high of $34.67. The stock has a 50 day moving average price of $29.24 and a 200 day moving average price of $30.77.

USG Corporation (NYSE:USG) last posted its quarterly earnings results on Thursday, April 27th. The construction company reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by $0.09. The company had revenue of $767 million during the quarter, compared to analyst estimates of $741.50 million. USG Corporation had a net margin of 15.23% and a return on equity of 14.57%. USG Corporation’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. Analysts anticipate that USG Corporation will post $1.85 earnings per share for the current fiscal year.

Several research firms recently weighed in on USG. BidaskClub downgraded USG Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Nomura set a $30.00 price objective on USG Corporation and gave the company a “hold” rating in a report on Thursday, April 27th. Jefferies Group LLC lifted their price objective on USG Corporation from $29.00 to $35.00 and gave the company a “hold” rating in a report on Friday, March 17th. Macquarie downgraded USG Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $34.00 in a report on Wednesday, March 29th. Finally, Instinet restated a “neutral” rating and issued a $33.00 price objective (up from $30.00) on shares of USG Corporation in a report on Saturday, April 29th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. USG Corporation has a consensus rating of “Hold” and an average price target of $32.07.

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In related news, insider Jennifer F. Scanlon purchased 1,500 shares of USG Corporation stock in a transaction on Monday, June 5th. The shares were bought at an average price of $29.39 per share, with a total value of $44,085.00. Following the transaction, the insider now directly owns 82,902 shares of the company’s stock, valued at $2,436,489.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeanette A. Press sold 3,121 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the sale, the vice president now directly owns 13,981 shares in the company, valued at approximately $399,157.55. The disclosure for this sale can be found here. 0.67% of the stock is owned by company insiders.

About USG Corporation

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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