Shares of USG Co. (NYSE:USG) have been given a consensus recommendation of “Hold” by the eighteen ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $35.75.
A number of research firms have recently issued reports on USG. Robert W. Baird upgraded shares of USG from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $35.00 to $45.00 in a research report on Friday, January 5th. ValuEngine downgraded shares of USG from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Stifel Nicolaus reiterated a “hold” rating and set a $31.00 price target (up from $28.00) on shares of USG in a research report on Monday, September 18th. Nomura reduced their price target on shares of USG from $32.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, September 18th. Finally, Barclays lifted their price target on shares of USG from $26.00 to $31.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th.
USG (NYSE USG) traded up $0.03 during mid-day trading on Tuesday, hitting $39.53. 1,286,771 shares of the stock were exchanged, compared to its average volume of 1,356,522. USG has a 52 week low of $25.60 and a 52 week high of $41.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37. The firm has a market cap of $5,590.00, a P/E ratio of 29.72, a price-to-earnings-growth ratio of 1.54 and a beta of 1.21.
USG (NYSE:USG) last posted 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 company had revenue of $795.00 million during the quarter, compared to the consensus estimate of $790.54 million. During the same period last year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. equities research analysts expect that USG will post 1.67 earnings per share for the current year.
In related news, CEO Jennifer F. Scanlon sold 6,045 shares of USG stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $37.54, for a total transaction of $226,929.30. Following the completion of the transaction, the chief executive officer now directly owns 85,429 shares in the company, valued at approximately $3,207,004.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian J. Cook sold 30,000 shares of USG stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total value of $1,037,400.00. Following the transaction, the insider now owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The disclosure for this sale can be found here. Insiders have sold a total of 58,992 shares of company stock valued at $2,131,270 over the last 90 days. Insiders own 0.67% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Amalgamated Bank grew its stake in USG by 27.2% in the 2nd quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock worth $462,000 after acquiring an additional 3,404 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its stake in USG by 5.4% in the 4th quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock worth $2,984,000 after acquiring an additional 3,970 shares during the period. New York State Common Retirement Fund grew its stake in USG by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock worth $6,207,000 after acquiring an additional 4,100 shares during the period. SG Americas Securities LLC purchased a new stake in USG in the 3rd quarter worth approximately $170,000. Finally, Beck Capital Management LLC purchased a new stake in USG in the 3rd quarter worth approximately $327,000. Hedge funds and other institutional investors own 85.76% of the company’s stock.
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USG 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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