USG Corporation (NYSE:USG)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a research report issued on Monday. They currently have a $31.00 price target on the construction company’s stock, up from their previous price target of $28.00. Stifel Nicolaus’ target price would indicate a potential upside of 5.37% from the stock’s current price.
Other equities analysts have also issued reports about the stock. BidaskClub raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. TheStreet lowered shares of USG Corporation from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Barclays PLC raised shares of USG Corporation from an “underweight” rating to an “equal weight” rating and reduced their target price for the stock from $28.00 to $26.00 in a research report on Sunday, July 30th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $30.00 target price on shares of USG Corporation in a research report on Monday, August 28th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.25.
USG Corporation (NYSE USG) opened at 29.42 on Monday. The firm’s 50 day moving average price is $28.31 and its 200-day moving average price is $29.74. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67. The stock has a market cap of $4.22 billion, a P/E ratio of 9.44 and a beta of 1.00.
USG Corporation (NYSE:USG) last issued its earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.07). The company had revenue of $811.00 million for the quarter, compared to analysts’ expectations of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $0.46 earnings per share. Equities research analysts anticipate that USG Corporation will post $1.68 earnings per share for the current fiscal year.
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In related news, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the transaction, the insider now directly owns 61,713 shares of the company’s stock, valued at $2,000,118.33. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.67% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in USG Corporation by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after buying an additional 76,843 shares during the period. Clinton Group Inc. grew its holdings in USG Corporation by 29.0% in the first quarter. Clinton Group Inc. now owns 32,571 shares of the construction company’s stock worth $1,036,000 after purchasing an additional 7,324 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in USG Corporation by 11.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock worth $12,546,000 after purchasing an additional 40,897 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in USG Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock worth $5,976,000 after purchasing an additional 5,969 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in USG Corporation by 3.5% in the second quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock worth $545,000 after purchasing an additional 631 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.
USG Corporation Company Profile
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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