Time to Buy USG Corporation After Today’s Option Traders Bet?

 Time to Buy USG Corporation After Today's Option Traders Bet?

In today’s session USG Corporation (USG) registered an unusually high (402) 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 402 contracts traded and 8814 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: USG161118C00025000 closed last at: $1.05 or 40% up. About 419,294 shares traded hands. USG Corporation (NYSE:USG) has risen 2.49% since April 11, 2016 and is uptrending. It has underperformed by 3.66% the S&P500.

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 14.99% above today’s ($27.15) stock price. USG Corporation has been the topic of 23 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of USG Corporation (NYSE:USG) has “Neutral” rating given on Thursday, October 27 by Wedbush. The stock of USG Corporation (NYSE:USG) earned “Buy” rating by Northcoast on Wednesday, November 18. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, September 13. The rating was maintained by RBC Capital Markets on Monday, February 8 with “Sector Perform”. The stock of USG Corporation (NYSE:USG) earned “Neutral” rating by Northcoast on Wednesday, August 31. The stock has “Equal Weight” rating given by Barclays Capital on Friday, October 23. RBC Capital Markets maintained USG Corporation (NYSE:USG) on Friday, October 23 with “Sector Perform” rating. Citigroup initiated USG Corporation (NYSE:USG) rating on Friday, August 26. Citigroup has “Neutral” rating and $32 price target. The stock of USG Corporation (NYSE:USG) earned “Hold” rating by Jefferies on Wednesday, July 27. Bank of America initiated it with “Buy” rating and $36 target price in Friday, September 23 report.

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.
Amalgamated Commercial Bank last reported 0.02% of its portfolio in the stock. Pdts Partners Ltd Co has 0.48% invested in the company for 226,400 shares. Sasco Ct last reported 2.68% of its portfolio in the stock. Rmb Management Limited Company accumulated 34,171 shares or 0.05% of the stock. Leuthold Gru Ltd Liability Corp has 249,006 shares for 0.71% of their US portfolio. The California-based Fuller And Thaler Asset Mngmt has invested 0.09% in USG Corporation (NYSE:USG). Rhumbline Advisers holds 78,871 shares or 0.01% of its portfolio. Trexquant Investment L P last reported 0.03% of its portfolio in the stock. Daiwa Secs Gp Inc reported 84,300 shares or 0.01% of all its holdings. Ladenburg Thalmann Fincl Services has 4,973 shares for 0% of their US portfolio. Dudley Shanley Limited Co owns 1.17 million shares or 7.18% of their US portfolio. Fifth Third Financial Bank last reported 59,906 shares in the company. Landscape Cap Mngmt Lc holds 21,200 shares or 0.08% of its portfolio. The New Jersey-based Bessemer Gp Incorporated has invested 0% in USG Corporation (NYSE:USG). Dynamic Capital last reported 43,710 shares in the company.

USG Corporation is a manufacturer and distributor of building materials. The company has a market cap of $4.16 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 4.02 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.

More important recent USG Corporation (NYSE:USG) news were published by: Prnewswire.com which released: “EY and USG Corporation Recognized for Exemplary Corporate Diversity and …” on November 10, 2016, also Businesswire.com published article titled: “USG Corporation Recognized as One of Canada’s Safest Companies”, Businesswire.com published: “USG Corporation Completes $670 Million Sale of L&W Supply to ABC Supply” on October 31, 2016. More interesting news about USG Corporation (NYSE:USG) was released by: Prnewswire.com and their article: “National Safety Council presents USG Corporation with the 2016 Robert W …” with publication date: October 17, 2016.

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