Major Move Is Coming For USG Corporation After Bullish Options Activity

 Major Move Is Coming For USG Corporation After Bullish Options Activity

In today’s session USG Corporation (USG) registered an unusually high (1,006) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious USG increase. With 1,006 contracts traded and 32144 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: USG161216C00027000 closed last at: $1.75 or 7.9% down. About 129,925 shares traded hands. USG Corporation (NYSE:USG) has declined 1.03% since April 21, 2016 and is downtrending. It has underperformed by 6.36% the S&P500.

Analysts await USG Corporation (NYSE:USG) to report earnings on February, 3. They expect $0.37 earnings per share, down 11.90% or $0.05 from last year’s $0.42 per share. USG’s profit will be $53.03M for 18.72 P/E if the $0.37 EPS becomes a reality. After $0.46 actual earnings per share reported by USG Corporation for the previous quarter, Wall Street now forecasts -19.57% negative EPS growth.

USG Corporation (NYSE:USG) Ratings Coverage

Out of 14 analysts covering USG Corporation (NYSE:USG), 6 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 43% are positive. $36 is the highest target while $24 is the lowest. The $30.89 average target is 11.52% above today’s ($27.7) stock price. USG Corporation has been the topic of 25 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Jefferies downgraded the shares of USG in a report on Friday, October 23 to “Hold” rating. Jefferies maintained USG Corporation (NYSE:USG) on Thursday, September 22 with “Hold” rating. The firm has “Equal Weight” rating given on Friday, October 23 by Barclays Capital. Zacks downgraded USG Corporation (NYSE:USG) on Saturday, August 29 to “Buy” rating. The stock has “Neutral” rating given by Citigroup on Friday, August 26. The firm earned “Sell” rating on Tuesday, November 22 by Goldman Sachs. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, September 13. Wedbush maintained it with “Neutral” rating and $30 target price in Wednesday, July 6 report. On Friday, September 23 the stock rating was initiated by Bank of America with “Buy”. The firm earned “Buy” rating on Wednesday, November 18 by Northcoast.

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 0.84 in 2016 Q2. Its down 0.09, from 0.93 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.
Metropolitan Life Com has invested 0% of its portfolio in USG Corporation (NYSE:USG). Cornerstone has invested 0.06% of its portfolio in USG Corporation (NYSE:USG). Stifel last reported 0.02% of its portfolio in the stock. Airain Ltd, a Guernsey-based fund reported 121,917 shares. Moreover, State Of Wisconsin Investment Board has 0.01% invested in USG Corporation (NYSE:USG) for 56,750 shares. Checchi Advisers Limited Liability accumulated 520 shares or 0% of the stock. National Bank Of Hawaii holds 0.1% or 34,825 shares in its portfolio. Cambridge Rech, a Iowa-based fund reported 8,181 shares. Exane Derivatives last reported 0% of its portfolio in the stock. California Pub Employees Retirement System, a California-based fund reported 204,600 shares. Meeder Asset Management accumulated 6,748 shares or 0.02% of the stock. Old West Inv Management Ltd Limited Liability Company holds 0.61% or 31,208 shares in its portfolio. Bnp Paribas Investment Prtnrs accumulated 160,508 shares or 0.04% of the stock. Beck Mack And Oliver Ltd holds 0.02% of its portfolio in USG Corporation (NYSE:USG) for 16,400 shares. Benin Mgmt holds 0.41% or 29,300 shares in its portfolio.

USG Corporation is a manufacturer and distributor of building materials. The company has a market cap of $3.97 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 4.1 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: Businesswire.com which released: “USG Corporation Named Top Workplace by Detroit Free Press and Chicago Tribune” on November 22, 2016, also Prnewswire.com published article titled: “EY and USG Corporation Recognized for Exemplary Corporate Diversity and …”, Equitiesfocus.com published: “USG Corporation (NYSE:USG) Quarterly EPS From Continuing Operations Stands At …” on November 23, 2016. More interesting news about USG Corporation (NYSE:USG) was released by: Businesswire.com and their article: “USG Corporation Recognized as One of Canada’s Safest Companies” with publication date: October 27, 2016.

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