Jefferies Group restated their hold rating on shares of USG (NYSE:USG) in a research note published on Friday, February 2nd. The firm currently has a $36.00 target price on the construction company’s stock. Jefferies Group also issued estimates for USG’s Q4 2018 earnings at $0.68 EPS and FY2019 earnings at $3.07 EPS.
USG has been the subject of several other reports. JPMorgan Chase & Co. increased their target price on USG from $30.00 to $38.00 and gave the company a neutral rating in a report on Wednesday, November 1st. Credit Suisse Group restated an underperform rating and set a $36.00 target price (up from $26.00) on shares of USG in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded USG from a hold rating to a buy rating and set a $43.00 target price for the company in a report on Saturday, January 6th. Citigroup reiterated a neutral rating and issued a $34.00 price objective (up previously from $31.00) on shares of USG in a report on Monday, October 9th. Finally, Macquarie increased their price objective on USG from $35.00 to $36.00 and gave the stock a neutral rating in a report on Wednesday, November 15th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $37.62.
Shares of USG (NYSE USG) opened at $33.74 on Friday. The firm has a market capitalization of $4,683.50, a PE ratio of 53.56, a P/E/G ratio of 1.24 and a beta of 1.16. USG has a fifty-two week low of $25.60 and a fifty-two week high of $41.18. 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 (NYSE:USG) last issued its earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. The company had revenue of $831.00 million during the quarter, compared to analysts’ expectations of $757.57 million. USG had a return on equity of 13.36% and a net margin of 2.96%. USG’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 EPS. equities analysts predict that USG will post 2.24 earnings per share for the current fiscal year.
USG declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 1st that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the construction company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
In other news, insider Christopher D. Macey sold 3,325 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total value of $125,053.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jennifer F. Scanlon sold 6,045 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total value of $226,929.30. Following the completion of the transaction, the chief executive officer now directly owns 85,429 shares of the company’s stock, valued at approximately $3,207,004.66. The disclosure for this sale can be found here. Insiders sold a total of 28,992 shares of company stock valued at $1,093,870 in the last three months. Corporate insiders own 0.67% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in USG during the 4th quarter valued at approximately $196,000. SG Americas Securities LLC bought a new position in USG during the 3rd quarter valued at approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in USG by 45.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after buying an additional 1,681 shares in the last quarter. Creative Planning bought a new position in USG during the 4th quarter valued at approximately $235,000. Finally, Fox Run Management L.L.C. bought a new position in USG during the 4th quarter valued at approximately $304,000. 85.37% of the stock is owned by institutional investors.
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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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