USG Corporation (NYSE:USG) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
USG has been the subject of a number of other research reports. Robert W. Baird reiterated a “hold” rating and issued a $30.00 price target on shares of USG Corporation in a report on Monday, August 28th. BidaskClub downgraded shares of USG Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Barclays PLC upgraded shares of USG Corporation from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $28.00 to $26.00 in a report on Sunday, July 30th. Nomura increased their price target on shares of USG Corporation from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, September 11th. Finally, Credit Suisse Group began coverage on shares of USG Corporation in a research note on Thursday, June 22nd. They issued an “underperform” rating and a $24.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.25.
Shares of USG Corporation (USG) opened at 29.42 on Wednesday. USG Corporation has a 12 month low of $23.71 and a 12 month high of $34.67. The stock has a 50 day moving average of $28.31 and a 200 day moving average of $29.74. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 9.44 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 Zacks’ consensus estimate of $0.51 by ($0.07). The company had revenue of $811.00 million during the quarter, compared to analysts’ expectations of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. On average, equities research analysts expect that USG Corporation will post $1.68 EPS for the current fiscal year.
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In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the sale, the insider now directly owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.67% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in USG. Bank of Montreal Can boosted its stake in shares of USG Corporation by 42.0% during the 1st quarter. Bank of Montreal Can now owns 17,129 shares of the construction company’s stock worth $546,000 after purchasing an additional 5,070 shares during the last quarter. Meadow Creek Investment Management LLC acquired a new stake in shares of USG Corporation during the 1st quarter worth about $226,000. Karp Capital Management Corp acquired a new stake in shares of USG Corporation during the 1st quarter worth about $538,000. Ameriprise Financial Inc. boosted its stake in shares of USG Corporation by 10.4% during the 1st quarter. Ameriprise Financial Inc. now owns 326,599 shares of the construction company’s stock worth $10,387,000 after purchasing an additional 30,777 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake 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 worth $5,976,000 after purchasing an additional 5,969 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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