Instinet reaffirmed their neutral rating on shares of USG Co. (NYSE:USG) in a report released on Saturday, April 29th. The brokerage currently has a $33.00 target price on the construction company’s stock, up from their previous target price of $30.00.
Several other equities analysts have also issued reports on USG. Zacks Investment Research upgraded shares of USG from a sell rating to a hold rating in a report on Friday, January 6th. Nomura set a $30.00 target price on shares of USG and gave the company a hold rating in a report on Thursday, April 27th. Jefferies Group LLC reiterated a hold rating and set a $33.00 price objective (down previously from $35.00) on shares of USG in a report on Saturday, April 29th. Wedbush upped their price objective on shares of USG from $30.00 to $33.00 and gave the company a neutral rating in a report on Monday, February 6th. Finally, Stifel Nicolaus reiterated a hold rating and set a $30.00 price objective (up previously from $28.00) on shares of USG in a report on Wednesday, January 11th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. USG presently has a consensus rating of Hold and an average target price of $32.07.
USG (NYSE:USG) traded down 0.07% on Friday, reaching $28.68. The company’s stock had a trading volume of 942,913 shares. The firm’s 50 day moving average is $30.76 and its 200-day moving average is $30.44. The firm has a market cap of $4.18 billion, a P/E ratio of 8.51 and a beta of 1.36. USG has a 12 month low of $23.71 and a 12 month high of $34.67.
USG (NYSE:USG) last released its earnings results on Thursday, April 27th. The construction company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.09. The firm had revenue of $767 million during the quarter, compared to analyst estimates of $741.50 million. USG had a net margin of 14.69% and a return on equity of 16.06%. USG’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities research analysts anticipate that USG will post $1.85 EPS for the current year.
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In other news, insider Dominic A. Dannessa sold 2,500 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $33.54, for a total transaction of $83,850.00. Following the completion of the transaction, the insider now directly owns 66,023 shares of the company’s stock, valued at approximately $2,214,411.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Fund Management S.A. bought a new position in USG during the third quarter worth $2,032,000. Bank of New York Mellon Corp boosted its stake in shares of USG by 167.6% in the third quarter. Bank of New York Mellon Corp now owns 865,933 shares of the construction company’s stock worth $22,383,000 after buying an additional 542,328 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in shares of USG by 11.4% in the third quarter. UBS Asset Management Americas Inc. now owns 72,409 shares of the construction company’s stock worth $1,872,000 after buying an additional 7,400 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of USG by 3.5% in the third quarter. Rhumbline Advisers now owns 81,655 shares of the construction company’s stock worth $2,111,000 after buying an additional 2,784 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of USG by 0.8% in the third quarter. California State Teachers Retirement System now owns 191,136 shares of the construction company’s stock worth $4,941,000 after buying an additional 1,500 shares during the last quarter. 85.52% of the stock is owned by hedge funds and other institutional investors.
USG 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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