USG Corporation (NYSE:USG) had its price objective hoisted by Nomura from $27.00 to $32.00 in a research report report published on Monday morning. They currently have a neutral rating on the construction company’s stock.
Several other analysts also recently issued reports on USG. BidaskClub downgraded USG Corporation from a hold rating to a sell rating in a report on Friday, June 9th. Credit Suisse Group started coverage on USG Corporation in a report on Thursday, June 22nd. They issued an underperform rating and a $24.00 price target on the stock. Jefferies Group LLC reissued a hold rating on shares of USG Corporation in a report on Wednesday, July 19th. CL King downgraded USG Corporation from a strong-buy rating to a neutral rating in a report on Monday, July 24th. Finally, Bank of America Corporation downgraded USG Corporation from a buy rating to a neutral rating and cut their price target for the stock from $38.00 to $31.00 in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $30.71.
USG Corporation (NYSE USG) opened at 30.82 on Monday. The stock has a 50 day moving average price of $27.75 and a 200-day moving average price of $29.88. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 9.89 and a beta of 1.00.
USG Corporation (NYSE:USG) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.07. The company had revenue of $811 million during the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS. Equities analysts forecast that USG Corporation will post $1.68 earnings per share for the current year.
In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the sale, the insider now owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of USG Corporation by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after purchasing an additional 76,843 shares during the period. Clinton Group Inc. increased its position in shares of USG Corporation by 29.0% during the 1st quarter. Clinton Group Inc. now owns 32,571 shares of the construction company’s stock valued at $1,036,000 after purchasing an additional 7,324 shares during the period. Elkfork Partners LLC acquired a new position in shares of USG Corporation during the 1st quarter valued at $178,000. Schwab Charles Investment Management Inc. increased its position in shares of USG Corporation by 11.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock valued at $12,546,000 after purchasing an additional 40,897 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in shares of USG Corporation by 3.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock valued at $5,976,000 after purchasing an additional 5,969 shares during the period. Institutional investors own 87.01% of the company’s stock.
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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