USG Corporation (USG) Given New $32.00 Price Target at Nomura

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.

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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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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