USG Co. (NYSE:USG) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of USG Co. (NYSE:USG) have received an average rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six 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 $30.86.
Several research analysts have weighed in on the company. BidaskClub downgraded USG from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Barclays PLC upgraded USG from an “underweight” rating to an “equal weight” rating and dropped their price target for the stock from $28.00 to $26.00 in a research note on Sunday, July 30th. Bank of America Corporation downgraded USG from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $31.00 in a research note on Thursday, July 27th. CL King downgraded USG from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 24th. Finally, Jefferies Group LLC restated a “hold” rating on shares of USG in a research note on Wednesday, July 19th.
Shares of USG (NYSE USG) traded up 1.64% during mid-day trading on Friday, hitting $26.67. 1,117,830 shares of the stock traded hands. The company’s 50-day moving average price is $28.16 and its 200 day moving average price is $30.40. The company has a market capitalization of $3.82 billion, a PE ratio of 8.56 and a beta of 1.08. USG has a 1-year low of $23.71 and a 1-year high of $34.67.
USG (NYSE:USG) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. USG had a return on equity of 9.36% and a net margin of 5.67%. The business had revenue of $811 million during the quarter, compared to the consensus estimate of $809.44 million. During the same quarter in the previous year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that USG will post $1.68 EPS for the current fiscal year.
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In related news, VP Jeanette A. Press sold 3,121 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the sale, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jennifer F. Scanlon purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average price of $29.39 per share, for a total transaction of $44,085.00. Following the acquisition, the insider now directly owns 82,902 shares in the company, valued at approximately $2,436,489.78. The disclosure for this purchase can be found here. Corporate insiders own 0.67% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in USG. Somerset Trust Co raised its stake in USG by 0.5% in the first quarter. Somerset Trust Co now owns 16,784 shares of the construction company’s stock valued at $533,000 after buying an additional 80 shares during the last quarter. Amalgamated Bank raised its stake in USG by 3.4% in the first quarter. Amalgamated Bank now owns 12,516 shares of the construction company’s stock valued at $398,000 after buying an additional 406 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in USG by 0.5% in the first quarter. Public Employees Retirement System of Ohio now owns 90,586 shares of the construction company’s stock valued at $2,881,000 after buying an additional 447 shares during the last quarter. California Public Employees Retirement System raised its stake in USG by 0.4% in the first quarter. California Public Employees Retirement System now owns 165,300 shares of the construction company’s stock valued at $5,257,000 after buying an additional 600 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in USG by 3.5% in the second quarter. Wedge Capital Management L L P NC now owns 18,769 shares of the construction company’s stock valued at $545,000 after buying an additional 631 shares during the last quarter. Institutional investors own 90.01% of the company’s stock.
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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