USG Co. (USG) Given Average Recommendation of “Hold” by Brokerages

USG Co. (NYSE:USG) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $41.40.

Several research firms have issued reports on USG. Zacks Investment Research cut USG from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Citigroup raised their price target on USG from $43.00 to $44.00 and gave the stock a “$43.10” rating in a research report on Monday, July 23rd.

Shares of NYSE:USG traded up $0.05 during midday trading on Thursday, hitting $42.87. The company had a trading volume of 20,515 shares, compared to its average volume of 1,396,238. USG has a twelve month low of $31.83 and a twelve month high of $43.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 2.34. The stock has a market cap of $6.05 billion, a PE ratio of 23.78, a P/E/G ratio of 0.95 and a beta of 0.85.

USG (NYSE:USG) last posted its earnings results on Wednesday, July 25th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.11). The business had revenue of $880.00 million for the quarter, compared to analyst estimates of $876.21 million. USG had a return on equity of 13.87% and a net margin of 3.01%. USG’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. As a group, analysts predict that USG will post 2.08 earnings per share for the current fiscal year.

The company also recently declared a dividend, which was paid on Tuesday, October 2nd. Stockholders of record on Tuesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, October 3rd.

In related news, insider Matthew F. Hilzinger sold 34,300 shares of USG stock in a transaction on Friday, July 27th. The stock was sold at an average price of $43.03, for a total value of $1,475,929.00. Following the completion of the transaction, the insider now directly owns 59,895 shares in the company, valued at $2,577,281.85. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Joseph W. Holmes sold 7,831 shares of USG stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $43.17, for a total value of $338,064.27. Following the completion of the transaction, the senior vice president now owns 25,768 shares of the company’s stock, valued at $1,112,404.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,033 shares of company stock valued at $12,618,681. Company insiders own 0.66% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in USG. Synovus Financial Corp purchased a new position in USG in the second quarter valued at $129,000. US Bancorp DE boosted its holdings in USG by 54.8% in the second quarter. US Bancorp DE now owns 4,055 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,435 shares during the period. Cerebellum GP LLC purchased a new position in USG in the second quarter valued at $178,000. Mount Yale Investment Advisors LLC purchased a new position in USG in the first quarter valued at $187,000. Finally, Hartford Investment Management Co. purchased a new position in USG in the second quarter valued at $231,000. Hedge funds and other institutional investors own 80.08% of the company’s stock.

About USG

USG Corporation, through its subsidiaries, manufactures and sells building materials worldwide. The company's Gypsum division manufactures and markets gypsum and related products to construct walls, ceilings, roofs, and floors of residential, commercial, and institutional buildings, as well as for various industrial applications.

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Analyst Recommendations for USG (NYSE:USG)

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