What does USG Corporation stand for?
From Wikipedia, the free encyclopedia USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America.
Is USG efficiently growing its dividend?
USG does not have a long track record of dividend growth. In the past three months, USG insiders have not sold or bought any company stock. Only 0.66% of the stock of USG is held by insiders. 80.74% of the stock of USG is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
What is the ticker for USG?
USG trades on the New York Stock Exchange (NYSE) under the ticker symbol "USG.". USG announced that its board has initiated a share repurchase program on Friday, February 2nd 2018, which authorizes the company to repurchase $250,000,000.00 in shares, according to EventVestor.
What happened to the USG Corporation?
On March 17, 1993, USG filed a pre-packaged bankruptcy petition that included a 50-to-1 reverse stock split. USG's stock dipped to 28 cents per share and the corporation emerged from bankruptcy 38 days later on May 6, 1993.
What is USG on the stock market?
USG Corporation Analysis Shares of USG Corporation (NYSE:USG) surged 19.5% after Berkshire Hathaway Inc.
What happened to USG stock?
German manufacturer Knauf has agreed to buy Chicago-based USG for $7 billion, the companies announced Monday. Under the terms of the deal, Knauf will pay USG shareholders $44 per share, which represents a 31 percent premium to Friday's closing price.
Is USG a publicly traded company?
USG trades on the New York Stock Exchange (NYSE) under the ticker symbol "USG."
What does USG Corporation do?
USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America.
Is USG and CGC the same?
CGC benefits from global affiliations and state-of-the-art research and development facilities through its parent company USG Corporation, the leading drywall manufacturer in North America and a world leader in suspended acoustical ceilings.
What company owns USG?
KnaufGebr. Knauf KGUSG Corporation/Parent organizations
Who is the largest drywall manufacturer?
United States Gypsum CorporationUSG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America.
When did Knauf buy USG?
CLEVELAND, April 26, 2019 /PRNewswire/ -- On April 24, Knauf acquired USG, nearly 17 months after first announcing its interest in doing so.
Is USG a union company?
Does usg have a unionized workforce? No they don't and train to avoid one.
Where are USG products made?
Manufacturing LocationsNorth American Gypsum ProductsDallas, TX 255 Regal Row 75247√Galena Park, TX 1201 Mayo Shell Road 77547√√Sweetwater, TX 1 USG Road 79556√Sigurd, UT 81 North State 84657√√67 more rows
Is USG a good company to work for?
Is USG a good company to work for? USG has an overall rating of 3.7 out of 5, based on over 445 reviews left anonymously by employees. 74% of employees would recommend working at USG to a friend and 65% have a positive outlook for the business. This rating has decreased by -2% over the last 12 months.
What happened to us gypsum?
The United States Gypsum Company shut down its gypsum mine and drywall plant in Empire, Nev., earlier this year. It's a small town about 100 miles northeast of Reno in the Black Rock Desert. Now the town itself, which the company also owns, is closing its doors.
How were USG's earnings last quarter?
USG Co. (NYSE:USG) released its earnings results on Thursday, October, 25th. The construction company reported $0.45 earnings per share for the qua...
Who are USG's key executives?
USG's management team includes the following people: Ms. Jennifer F. Scanlon , Pres, CEO & Director (Age 52) Mr. Matthew Franklin Hilzinger , E...
Who are some of USG's key competitors?
Some companies that are related to USG include Masco (MAS) , Builders FirstSource (BLDR) , A. O. Smith (AOS) , Owens Corning (OC) , Fortune Br...
What other stocks do shareholders of USG own?
Based on aggregate information from My MarketBeat watchlists, some companies that other USG investors own include Chipotle Mexican Grill (CMG) ,...
What is USG's stock symbol?
USG trades on the New York Stock Exchange (NYSE) under the ticker symbol "USG."
What is USG's stock price today?
One share of USG stock can currently be purchased for approximately $4.80.
How much money does USG make?
USG (NYSE:USG) has a market capitalization of $672.48 million and generates $3.34 billion in revenue each year. The construction company earns $196...
How many employees does USG have?
USG employs 7,300 workers across the globe.
What is USG's official website?
The official website for USG is www.usg.com .
USG Stock Quote - USG Corp. Stock Price Today
Knauf Completes Acquisition of USG Corporation | Business Wire
USG Corporation (USG) Stock Price Today, Quote & News | Seeking Alpha
USG CORPORATION : USG Stock Price | MarketScreener
Is USG stock a sell signal?
The USG Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $37.95 and $42.35. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2019, and so far it has fallen 0.0000%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal* on Wednesday, March 27, 2019 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, January 03, 2019.#N#* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Is USG Corporation stock A Buy?
We, therefore, hold a negative evaluation of this stock.
What is USG Corporation?
Website. www .usg .com. USG Corporation, also known as United States Gypsum Corporation, is an American company which manufactures construction materials, most notably drywall and joint compound. The company is the largest distributor of wallboard in the United States and the largest manufacturer of gypsum products in North America.
Where is USG located?
Its corporate offices are located at 550 West Adams Street in Chicago, Illinois . Together with other construction products, USG's most significant brands are: Sheetrock Brand Gypsum Panels. Securock Brand Glass-Mat Sheathing.
How much did USG asbestos cost in 1997?
USG's asbestos personal injury costs (before insurance) rose from $30 million in 1997 to more than $160 million in 2000, and were expected to exceed $275 million in 2001. On February 17, 2006, USG announced a Joint Plan of Reorganization to emerge from bankruptcy.
What was USG's plan of reorganization?
Under the agreement, USG would create a trust to pay asbestos personal injury claims. USG's bank lenders, bondholders and trade suppliers would be paid in full with interest. Stockholders would retain ownership of the company. To pay for the trust USG would use cash it had accumulated during the bankruptcy, new long-term debt, a tax rebate from the federal government, and an innovative rights offering. Existing USG stock owners would be issued rights to buy new USG stock at a set price of $40 per share. These rights could be exercised or sold. The $1.8 billion rights offering would be backstopped by Berkshire Hathaway Inc., meaning Berkshire Hathaway would buy all the new shares not bought. For the service, USG would pay Berkshire Hathaway a $67 million non-refundable fee.
What was USG accused of?
In December 2012, USG (together with National Gypsum, Lafarge North America and Georgia-Pacific ), was accused in a class action for allegedly violating federal antitrust laws, through raising prices on drywall products by as much as 35 percent, as well as halting a longstanding practice of letting customers lock in prices for the duration of a construction project. USG stated that it did not participate, or engage in, any unlawful conduct.
How tall is the USG building?
The USG building is 538 ft (164 m) tall and houses 35 floors and 1,100,000 square feet (100,000 m 2) of space, including 12,000 square feet (1,100 m 2) of retail, a 650-seat restaurant expansion, and two levels of below-grade parking for 160 cars.
How did USG survive the Great Recession?
USG managed through the Great Recession, which hit the residential and commercial construction markets in mid-2006, by cutting costs and closing older, less efficient operations. William C. Foote, the company's CEO for almost 20 years, retired in 2010, and 30-year USG veteran James S. Metcalf was elected Chairman, President and CEO. Metcalf implemented the company's "Plan to Win" which involved strengthening its core manufacturing operations and L&W Supply distribution business, diversifying sources of revenues and profitability, and differentiating the company from competitors through innovative products and services. The company returned to profitability in the first quarter of 2013, posting net earnings of $2 million, followed by $26 million in net income in the second quarter of 2013.
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When was the S-3 filed?
333-248906) previously filed with the Securities and Exchange Commission (the "SEC") on September 18, 2020 and declared effective by the SEC on September 25, 2020.
What does it mean when an insider buys a penny stock?
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga's insider transactions platform. Armata Pharmaceuticals The Trade: Armata Pharmaceuticals Inc. (NYSE: ARMP) Director Innoviva acquired a total of 1212122 s
