USG Corp. (USG) Upgraded to Buy at Vertical Research
A number of other research analysts also recently weighed in on the stock. Vertical Group raised shares of USG Corp. to a buy rating in a research report on Monday. RBC Capital Markets raised shares of USG Corp. from a sector perform rating to an outperform rating and set a $34.00 target price for the company in a research report on Tuesday, September 13th. Royal Bank Of Canada raised shares of USG Corp. from a sector perform rating to an outperform rating and set a $34.00 target price for the company in a research report on Tuesday, September 13th. Northcoast Research downgraded shares of USG Corp. from a buy rating to a neutral rating in a research report on Wednesday, August 31st. Finally, Jefferies Group reaffirmed a hold rating and issued a $33.00 target price on shares of USG Corp. in a research report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $32.15.
USG Corp. (NYSE:USG) opened at 26.08 on Monday. The company has a market cap of $3.81 billion, a P/E ratio of 3.74 and a beta of 1.96. The stock’s 50 day moving average is $27.57 and its 200 day moving average is $26.98. USG Corp. has a 12-month low of $15.85 and a 12-month high of $30.84.
USG Corp. (NYSE:USG) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. USG Corp. had a return on equity of 21.37% and a net margin of 26.60%. The company had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.53 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that USG Corp. will post $1.74 earnings per share for the current year.
In other news, VP Kenneth R. Banas sold 1,715 shares of the firm’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $28.00, for a total transaction of $48,020.00. Following the completion of the sale, the vice president now owns 13,500 shares in the company, valued at approximately $378,000. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jennifer F. Scanlon sold 9,260 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $27.13, for a total transaction of $251,223.80. Following the sale, the insider now owns 34,432 shares of the company’s stock, valued at approximately $934,140.16. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in shares of USG Corp. during the first quarter valued at $122,000. Societe Generale acquired a new stake in shares of USG Corp. during the second quarter valued at $165,000. Zions Bancorporation acquired a new stake in shares of USG Corp. during the first quarter valued at $156,000. Meeder Asset Management Inc. acquired a new stake in shares of USG Corp. during the second quarter valued at $182,000. Finally, IFP Advisors Inc boosted its stake in shares of USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock valued at $235,000 after buying an additional 2,982 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.
USG Corp. Company Profile
USG Corporation is a manufacturer and distributor of building materials. The Company 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. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.
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