Other analysts also recently issued research 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. Barclays PLC raised shares of USG Corporation from an underweight rating to an equal weight rating and dropped their target price for the stock from $28.00 to $26.00 in a research report on Sunday, July 30th. Jefferies Group LLC reissued a hold rating and set a $33.00 target price (down previously from $35.00) on shares of USG Corporation in a research report on Saturday, April 29th. Nomura set a $30.00 target price on shares of USG Corporation and gave the stock a hold rating in a research report on Thursday, April 27th. Finally, Bank of America Corporation downgraded shares of USG Corporation from a buy rating to a neutral rating and dropped their target price for the stock from $38.00 to $31.00 in a research report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $31.00.
Shares of USG Corporation (NYSE USG) opened at 26.31 on Thursday. The company’s 50-day moving average is $27.79 and its 200 day moving average is $30.26. USG Corporation has a 52-week low of $23.71 and a 52-week high of $34.67. The firm has a market capitalization of $3.77 billion, a PE ratio of 8.44 and a beta of 1.08.
USG Corporation (NYSE:USG) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. The business had revenue of $811 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.46 EPS. Equities analysts expect that USG Corporation will post $1.68 earnings per share for the current fiscal year.
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In other news, VP Jeanette A. Press sold 3,121 shares of the stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now directly owns 13,981 shares in the company, valued at approximately $399,157.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jennifer F. Scanlon bought 1,500 shares of USG Corporation stock in a transaction dated Monday, June 5th. The shares were acquired at an average price of $29.39 per share, with a total value of $44,085.00. Following the completion of the purchase, the insider now owns 82,902 shares in the company, valued at approximately $2,436,489.78. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in USG. Tyers Asset Management LLC acquired a new position in USG Corporation during the first quarter valued at approximately $129,000. Creative Planning boosted its position in USG Corporation by 35.3% in the first quarter. Creative Planning now owns 4,085 shares of the construction company’s stock valued at $130,000 after buying an additional 1,065 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in USG Corporation during the first quarter valued at approximately $146,000. Elkfork Partners LLC acquired a new position in USG Corporation during the first quarter valued at approximately $178,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in USG Corporation during the first quarter valued at approximately $205,000. Institutional investors own 89.27% of the company’s stock.
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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