USG Corporation (USG) Receives $30.00 Consensus Target Price from Brokerages
Shares of USG Corporation (NYSE:USG) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $30.25.
Several research firms have recently weighed in on USG. Robert W. Baird reiterated a “hold” rating and issued a $30.00 price objective on shares of USG Corporation in a research note on Monday, August 28th. CL King lowered shares of USG Corporation from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 24th. BidaskClub lowered shares of USG Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 9th. Credit Suisse Group assumed coverage on shares of USG Corporation in a research note on Thursday, June 22nd. They set an “underperform” rating and a $24.00 price target for the company. Finally, ValuEngine upgraded shares of USG Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th.
In other news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 61,713 shares in the company, valued at approximately $2,000,118.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.67% of the company’s stock.
Large investors have recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of USG Corporation by 70.1% in the 1st quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock worth $335,000 after buying an additional 4,346 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of USG Corporation in the 1st quarter worth about $362,000. Two Sigma Securities LLC purchased a new position in shares of USG Corporation in the 1st quarter worth about $365,000. Pacer Advisors Inc. boosted its holdings in shares of USG Corporation by 18.2% in the 1st quarter. Pacer Advisors Inc. now owns 12,113 shares of the construction company’s stock worth $385,000 after buying an additional 1,868 shares during the last quarter. Finally, Thompson Investment Management Inc. boosted its holdings in shares of USG Corporation by 10.1% in the 2nd quarter. Thompson Investment Management Inc. now owns 12,250 shares of the construction company’s stock worth $355,000 after buying an additional 1,125 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors.
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Shares of USG Corporation (NYSE:USG) traded up 0.28% during midday trading on Friday, hitting $32.01. 1,424,555 shares of the stock traded hands. The stock has a market capitalization of $4.59 billion, a P/E ratio of 10.27 and a beta of 1.00. The firm has a 50-day moving average price of $29.92 and a 200-day moving average price of $29.64. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67.
USG Corporation (NYSE:USG) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.07). The company had revenue of $811.00 million during the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.46 EPS. On average, equities analysts predict that USG Corporation will post $1.67 earnings per share for the current fiscal year.
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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