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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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