USG Corporation (NYSE:USG) had its price objective raised by research analysts at Nomura from $27.00 to $32.00 in a research note issued to investors on Monday. The brokerage currently has a “neutral” rating on the construction company’s stock. Nomura’s target price points to a potential downside of 0.56% from the stock’s previous close.

Other analysts have also issued reports about the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG Corporation in a research note on Wednesday, July 19th. CL King downgraded shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a report on Monday, July 24th. TheStreet downgraded shares of USG Corporation from a “b” rating to a “c+” rating in a report on Thursday, August 17th. BidaskClub downgraded shares of USG Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 9th. Finally, Bank of America Corporation downgraded shares of USG Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Thursday, July 27th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. USG Corporation currently has an average rating of “Hold” and a consensus price target of $30.71.

USG Corporation (NYSE USG) traded down 4.16% during trading on Monday, hitting $30.84. 2,953,285 shares of the stock were exchanged. The firm’s 50-day moving average is $27.75 and its 200 day moving average is $29.90. The firm has a market cap of $4.42 billion, a PE ratio of 9.89 and a beta of 1.00. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67.

USG Corporation (NYSE:USG) last posted its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million for the quarter, compared to analysts’ expectations of $809.44 million. USG Corporation had a return on equity of 13.57% and a net margin of 14.94%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 earnings per share. Analysts expect that USG Corporation will post $1.68 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Lord Abbett & CO. LLC acquired a new stake in shares of USG Corporation in the 2nd quarter worth $5,467,000. Amalgamated Bank increased its position in shares of USG Corporation by 27.2% during the 2nd quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after purchasing an additional 3,404 shares during the last quarter. LSV Asset Management increased its position in shares of USG Corporation by 5.5% during the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after purchasing an additional 39,500 shares during the last quarter. Hosking Partners LLP increased its position in shares of USG Corporation by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 228,640 shares of the construction company’s stock worth $6,635,000 after purchasing an additional 3,681 shares during the last quarter. Finally, Thompson Investment Management Inc. increased its position in shares of USG Corporation by 10.1% during the 2nd quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after purchasing an additional 1,125 shares during the last quarter. 87.01% 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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