USG (NYSE:USG) had its price target boosted by Macquarie from $35.00 to $36.00 in a report published on Wednesday, November 15th, Marketbeat Ratings reports. They currently have a neutral rating on the construction company’s stock.
Other equities analysts have also issued research reports about the company. Robert W. Baird reaffirmed a hold rating and issued a $30.00 price objective on shares of USG in a research note on Monday, August 28th. ValuEngine raised USG from a hold rating to a buy rating in a research note on Wednesday, September 6th. Bank of America lowered USG from a buy rating to a neutral rating and dropped their price objective for the stock from $38.00 to $31.00 in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a hold rating and issued a $31.00 price objective (up previously from $28.00) on shares of USG in a research note on Monday, September 18th. Finally, Nomura dropped their price objective on USG from $32.00 to $31.00 and set a neutral rating for the company in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the stock. USG has a consensus rating of Hold and a consensus price target of $32.77.
USG (NYSE USG) traded up $0.24 during trading on Wednesday, reaching $38.16. The company’s stock had a trading volume of 1,330,329 shares, compared to its average volume of 1,621,770. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. USG has a twelve month low of $25.60 and a twelve month high of $38.91. The company has a market capitalization of $5,364.71, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.90 and a beta of 1.21.
USG (NYSE:USG) last posted its quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $790.54 million. USG had a return on equity of 12.90% and a net margin of 14.93%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 earnings per share. equities analysts expect that USG will post 1.67 EPS for the current fiscal year.
In other news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the sale, the insider now owns 61,713 shares of the company’s stock, valued at approximately $2,000,118.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $1,037,400.00. Following the completion of the sale, the insider now directly owns 84,538 shares of the company’s stock, valued at approximately $2,923,324.04. The disclosure for this sale can be found here. Insiders have sold a total of 38,325 shares of company stock worth $1,324,503 in the last ninety days. Insiders own 0.67% of the company’s stock.
Several institutional investors have recently bought and sold shares of USG. Teachers Advisors LLC boosted its position in shares of USG by 9.7% in the 1st quarter. Teachers Advisors LLC now owns 457,070 shares of the construction company’s stock worth $14,535,000 after purchasing an additional 40,312 shares in the last quarter. Legal & General Group Plc boosted its position in shares of USG by 251.8% in the 1st quarter. Legal & General Group Plc now owns 29,047 shares of the construction company’s stock worth $924,000 after purchasing an additional 20,790 shares in the last quarter. BlackRock Inc. boosted its position in shares of USG by 14,864.0% in the 1st quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after purchasing an additional 4,009,572 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of USG by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock worth $12,546,000 after purchasing an additional 40,897 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of USG by 25.7% in the 1st quarter. AQR Capital Management LLC now owns 80,099 shares of the construction company’s stock worth $2,547,000 after purchasing an additional 16,395 shares in the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.
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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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