USG (USG) Stock Rating Upgraded by Barclays

USG (NYSE:USG) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, Marketbeat.com reports. The firm currently has a $43.00 price objective on the construction company’s stock, up from their previous price objective of $31.00. Barclays’ price objective would indicate a potential upside of 6.07% from the company’s current price.

Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of USG from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. SunTrust Banks lowered shares of USG from a “buy” rating to a “hold” rating and set a $33.00 price objective on the stock. in a research note on Monday, October 2nd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “hold” rating and issued a $31.00 price objective (up previously from $28.00) on shares of USG in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of USG from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Robert W. Baird increased their price objective on shares of USG from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $35.21.

USG (NYSE USG) opened at $40.54 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37. USG has a 52 week low of $25.60 and a 52 week high of $41.18. The stock has a market cap of $5,735.40, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.21.

USG (NYSE:USG) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.47. USG had a net margin of 14.93% and a return on equity of 12.90%. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. During the same quarter in the prior year, the business posted $0.46 EPS. USG’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts expect that USG will post 1.67 earnings per share for the current fiscal year.

In related news, insider Brian J. Cook sold 30,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the sale, the insider now directly owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John M. Reale sold 7,535 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $37.89, for a total transaction of $285,501.15. The disclosure for this sale can be found here. Insiders sold 58,992 shares of company stock worth $2,131,270 in the last quarter. Company insiders own 0.67% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in USG. Lord Abbett & CO. LLC purchased a new stake in USG during the second quarter worth $5,467,000. LSV Asset Management boosted its holdings in USG by 5.5% during the second quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after buying an additional 39,500 shares in the last quarter. Beck Capital Management LLC purchased a new stake in USG during the third quarter worth $327,000. SG Americas Securities LLC purchased a new stake in USG during the third quarter worth $170,000. Finally, New York State Common Retirement Fund boosted its holdings in USG by 2.2% during the third quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after buying an additional 4,100 shares in the last quarter. 85.76% of the stock is currently owned by hedge funds and other institutional investors.

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About USG

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 (NYSE:USG)