USG Corporation (NYSE:USG) had its target price boosted by J P Morgan Chase & Co from $30.00 to $38.00 in a report issued on Wednesday, November 1st. The brokerage presently has a “neutral” rating on the construction company’s stock. J P Morgan Chase & Co’s target price points to a potential upside of 12.06% from the company’s current price.
Several other research firms also recently weighed in on USG. Stifel Nicolaus restated a “hold” rating and issued a $33.00 price target on shares of USG Corporation in a research note on Thursday, October 26th. Citigroup Inc. upped their price target on USG Corporation from $34.00 to $37.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. Barclays PLC upped their price target on USG Corporation from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Friday, October 27th. Bank of America Corporation downgraded USG Corporation from a “neutral” rating to an “underperform” rating in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded USG Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. USG Corporation has a consensus rating of “Hold” and a consensus price target of $32.07.
Shares of USG Corporation (USG) traded up $0.45 during mid-day trading on Wednesday, hitting $33.91. 1,818,600 shares of the stock were exchanged, compared to its average volume of 1,660,380. USG Corporation has a 1 year low of $25.60 and a 1 year high of $35.02. The company has a market cap of $4,733.74, a PE ratio of 19.45, a PEG ratio of 1.67 and a beta of 1.17. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.54.
USG Corporation (NYSE:USG) last posted its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.47. The business had revenue of $795.00 million for the quarter, compared to analysts’ expectations of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. equities research analysts expect that USG Corporation will post 1.67 earnings per share for the current year.
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In other news, insider Brian J. Cook sold 30,000 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the transaction, the insider now owns 84,538 shares in the company, valued at $2,923,324.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the transaction, the insider now owns 61,713 shares in the company, valued at approximately $2,000,118.33. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.
Several institutional investors have recently bought and sold shares of USG. BlackRock Inc. increased its position in shares of USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after buying an additional 4,009,572 shares in the last quarter. Janus Capital Management LLC increased its position in shares of USG Corporation by 1,445.9% during the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after purchasing an additional 677,304 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG Corporation during the second quarter worth approximately $5,467,000. Dimensional Fund Advisors LP lifted its stake in shares of USG Corporation by 9.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock valued at $62,251,000 after purchasing an additional 167,321 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of USG Corporation by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after purchasing an additional 76,843 shares during the last quarter. Institutional investors and hedge funds own 86.12% of the company’s stock.
About USG Corporation
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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