Could USG Corporation Change Direction After Today’s Bullish Options Activity?

 Could USG Corporation Change Direction After Today's Bullish Options Activity?

In today’s session USG Corporation (USG) registered an unusually high (1,004) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious USG increase. With 1,004 contracts traded and 2614 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: USG161118C00028000 closed last at: $0.55 or 21.4% down. About 281,326 shares traded hands. USG Corporation (NYSE:USG) has risen 17.17% since March 2, 2016 and is uptrending. It has outperformed by 8.91% the S&P500.

Analysts await USG Corporation (NYSE:USG) to report earnings on October, 27. They expect $0.47 earnings per share, down 9.62% or $0.05 from last year’s $0.52 per share. USG’s profit will be $68.33M for 13.57 P/E if the $0.47 EPS becomes a reality. After $0.46 actual earnings per share reported by USG Corporation for the previous quarter, Wall Street now forecasts 2.17% EPS growth.

USG Corporation (NYSE:USG) Ratings Coverage

Out of 13 analysts covering USG Corporation (NYSE:USG), 5 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 38% are positive. $36 is the highest target while $24 is the lowest. The $31.22 average target is 22.34% above today’s ($25.52) stock price. USG Corporation has been the topic of 22 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the shares of USG in a report on Wednesday, May 4 with “Neutral” rating. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, October 8. Northcoast downgraded USG Corporation (NYSE:USG) on Wednesday, August 31 to “Neutral” rating. RBC Capital Markets upgraded the shares of USG in a report on Tuesday, September 13 to “Outperform” rating. The firm earned “Hold” rating on Friday, October 23 by Jefferies. Vertical Research upgraded the shares of USG in a report on Monday, September 19 to “Buy” rating. On Monday, February 8 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The rating was maintained by Wedbush with “Neutral” on Wednesday, July 6. The rating was downgraded by Zacks on Saturday, August 29 to “Buy”. The stock of USG Corporation (NYSE:USG) has “Sector Perform” rating given on Friday, October 23 by RBC Capital Markets.

According to Zacks Investment Research, “USG Corp., through its subsidiaries, is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. USG’s operations are organized into three operating segments: North American Gypsum, Worldwide Ceilings and Building Products Distribution.”

Insitutional Activity: The institutional sentiment decreased to 0.93 in Q2 2016. Its down 0.07, from 1 in 2016Q1. The ratio fall, as 29 funds sold all USG Corporation shares owned while 85 reduced positions. 46 funds bought stakes while 60 increased positions. They now own 117.13 million shares or 1.67% less from 119.12 million shares in 2016Q1.
Finemark National Bank Trust, a Florida-based fund reported 5,000 shares. Teacher Retirement System Of Texas holds 0% of its portfolio in USG Corporation (NYSE:USG) for 13,320 shares. Canada Pension Plan Board reported 135,600 shares or 0.01% of all its holdings. Beacon Grp last reported 9,466 shares in the company. Moreover, Pettyjohn Wood And White has 0.1% invested in USG Corporation (NYSE:USG) for 9,609 shares. Bnp Paribas Invest Prns has invested 0.04% of its portfolio in USG Corporation (NYSE:USG). Schwab Charles Invest Management holds 0.01% or 271,948 shares in its portfolio. Checchi Advisers Ltd has invested 0% of its portfolio in USG Corporation (NYSE:USG). Moreover, Principal Financial has 0% invested in USG Corporation (NYSE:USG) for 15,335 shares. Sei has 458,622 shares for 0.07% of their US portfolio. Art Advsr Limited Company accumulated 0.03% or 20,488 shares. Dudley Shanley Ltd Liability Corp, a Florida-based fund reported 1.17 million shares. Shayne & Limited Liability Corporation last reported 188,281 shares in the company. Brandywine Glob Invest Limited Liability Company owns 83,436 shares or 0.02% of their US portfolio. Aperio Group Inc Ltd Co accumulated 22,610 shares or 0% of the stock.

USG Corporation is a manufacturer and distributor of building materials. The company has a market cap of $3.71 billion. The Firm 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. It has a 3.65 P/E ratio. The Company’s divisions include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

USG Company Profile

USG Corporation, incorporated on October 22, 1984, is a maker and distributor of building materials. The Firm 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 products are distributed through building materials dealers, home improvement centers and other retailers, specialty wallboard distributors, and contractors. The Company’s divisions include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

Another recent and important USG Corporation (NYSE:USG) news was published by Businesswire.com which published an article titled: “USG Corporation Announces Leadership Transition” on September 23, 2016.

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