TheStreet Downgrades USG Corporation (USG) to C+
USG Corporation (NYSE:USG) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued to investors on Thursday.
A number of other research firms have also issued reports on USG. Zacks Investment Research lowered USG Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Instinet reaffirmed a “neutral” rating and issued a $33.00 target price (up previously from $30.00) on shares of USG Corporation in a research note on Saturday, April 29th. BidaskClub lowered USG Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Bank of America Corporation lowered USG Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $31.00 in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.00.
USG Corporation (USG) opened at 26.31 on Thursday. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 8.44 and a beta of 1.08. USG Corporation has a one year low of $23.71 and a one year high of $34.67. The stock has a 50 day moving average price of $27.79 and a 200-day moving average price of $30.26.
USG Corporation (NYSE:USG) last released its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The business had revenue of $811 million for the quarter, compared to analyst estimates of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. On average, analysts predict that USG Corporation will post $1.68 earnings per share for the current fiscal year.
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In other news, insider Jennifer F. Scanlon acquired 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $29.39 per share, with a total value of $44,085.00. Following the purchase, the insider now owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jeanette A. Press sold 3,121 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now directly owns 13,981 shares of the company’s stock, valued at approximately $399,157.55. The disclosure for this sale can be found here. 0.67% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the company. VNB Trust raised its position in USG Corporation by 7.4% in the fourth quarter. VNB Trust now owns 185,260 shares of the construction company’s stock worth $4,500,000 after buying an additional 12,825 shares in the last quarter. Dudley & Shanley LLC raised its position in USG Corporation by 17.4% in the fourth quarter. Dudley & Shanley LLC now owns 1,200,800 shares of the construction company’s stock worth $29,167,000 after buying an additional 177,750 shares in the last quarter. Capital Fund Management S.A. purchased a new position in USG Corporation during the fourth quarter worth approximately $852,000. Hosking Partners LLP raised its position in USG Corporation by 1.3% in the fourth quarter. Hosking Partners LLP now owns 148,053 shares of the construction company’s stock worth $3,596,000 after buying an additional 1,930 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in USG Corporation by 5.5% in the fourth quarter. Punch & Associates Investment Management Inc. now owns 102,696 shares of the construction company’s stock worth $2,494,000 after buying an additional 5,345 shares in the last quarter. 89.27% of the stock is owned by hedge funds and other 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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