USG Corporation (NYSE:USG) had its price target upped by equities researchers at Robert W. Baird from $30.00 to $33.00 in a report released on Thursday. The brokerage currently has a “neutral” rating on the construction company’s stock. Robert W. Baird’s target price indicates a potential downside of 0.72% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Jefferies Group LLC reiterated a “hold” rating on shares of USG Corporation in a research report on Wednesday, July 19th. CL King downgraded USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 price objective (up previously from $28.00) on shares of USG Corporation in a research report on Monday, September 18th. ValuEngine downgraded USG Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, SunTrust Banks, Inc. downgraded USG Corporation from a “buy” rating to a “hold” rating and set a $33.00 price objective for the company. in a research report on Monday, October 2nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. USG Corporation has a consensus rating of “Hold” and a consensus target price of $30.93.

USG Corporation (NYSE USG) traded up 0.51% during trading on Thursday, hitting $33.24. The stock had a trading volume of 1,236,800 shares. The company’s 50-day moving average is $31.04 and its 200 day moving average is $29.64. The firm has a market cap of $4.77 billion, a PE ratio of 10.66 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 announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.07). USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The company had revenue of $811.00 million during the quarter, compared to analyst estimates of $809.44 million. During the same period in the prior year, the firm earned $0.46 EPS. USG Corporation’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that USG Corporation will post $1.67 EPS for the current fiscal year.

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In other news, insider Dominic A. Dannessa sold 5,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in USG. SG Americas Securities LLC raised its position in shares of USG Corporation by 70.1% during the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock worth $335,000 after acquiring an additional 4,346 shares during the last quarter. Thompson Investment Management Inc. raised its position in shares of USG Corporation by 10.1% during the second quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after acquiring an additional 1,125 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of USG Corporation during the first quarter worth $362,000. Two Sigma Securities LLC bought a new stake in shares of USG Corporation during the first quarter worth $365,000. Finally, Amalgamated Bank raised its position in shares of USG Corporation by 3.4% during the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock worth $398,000 after acquiring an additional 406 shares during the last quarter. Institutional investors own 87.01% of the company’s stock.

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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