USG Corporation (USG) Price Target Raised to $33.00 at Robert W. Baird
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.
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.
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