ValuEngine cut shares of USG Corporation (NYSE:USG) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.
Other equities analysts also recently issued reports about the company. BidaskClub upgraded USG Corporation from a hold rating to a buy rating in a research note on Thursday, July 6th. TheStreet cut shares of USG Corporation from a b rating to a c+ rating in a report on Thursday, August 17th. Barclays PLC raised shares of USG Corporation from an underweight rating to an equal weight rating and cut their target price for the stock from $28.00 to $26.00 in a report on Sunday, July 30th. Robert W. Baird reissued a hold rating and issued a $30.00 target price on shares of USG Corporation in a report on Monday, August 28th. Finally, Jefferies Group LLC reissued a hold rating on shares of USG Corporation in a report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $30.25.
Shares of USG Corporation (USG) opened at 31.45 on Wednesday. The stock has a market capitalization of $4.51 billion, a P/E ratio of 10.09 and a beta of 1.00. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67. The stock has a 50 day moving average price of $28.31 and a 200 day moving average price of $29.74.
USG Corporation (NYSE:USG) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.07). The firm had revenue of $811.00 million during 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 firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.46 earnings per share. On average, equities analysts anticipate that USG Corporation will post $1.67 earnings per share for the current fiscal year.
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In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total value of $162,050.00. Following the transaction, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.67% of the company’s stock.
Large investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of USG Corporation by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after buying an additional 76,843 shares during the period. Clinton Group Inc. lifted its stake in shares of USG Corporation by 29.0% in the 1st quarter. Clinton Group Inc. now owns 32,571 shares of the construction company’s stock valued at $1,036,000 after purchasing an additional 7,324 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of USG Corporation by 11.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock valued at $12,546,000 after purchasing an additional 40,897 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of USG Corporation by 3.3% in the 1st quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock valued at $5,976,000 after purchasing an additional 5,969 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its stake in shares of USG Corporation by 3.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock valued at $545,000 after purchasing an additional 631 shares during the last quarter. 87.00% of the stock is owned by institutional investors.
About USG Corporation
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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