USG Corporation (NYSE:USG)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a report released on Monday. They currently have a $30.00 price objective on the construction company’s stock. Robert W. Baird’s price target suggests a potential upside of 5.63% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. TheStreet lowered USG Corporation from a “b” rating to a “c+” rating in a research note on Thursday, August 17th. BidaskClub lowered USG Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $28.00 to $26.00 in a research note on Sunday, July 30th. Bank of America Corporation lowered USG Corporation from a “buy” rating to a “neutral” rating and reduced their target price for the company from $38.00 to $31.00 in a research note on Thursday, July 27th. Finally, CL King lowered USG Corporation from a “strong-buy” rating to a “neutral” rating in a research note on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $30.57.

USG Corporation (NYSE:USG) opened at 28.40 on Monday. USG Corporation has a 12-month low of $23.71 and a 12-month high of $34.67. The stock has a market capitalization of $4.07 billion, a PE ratio of 9.11 and a beta of 1.08. The company has a 50-day moving average price of $27.47 and a 200-day moving average price of $30.10.

USG Corporation (NYSE:USG) last posted its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by $0.07. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The company had revenue of $811 million during the quarter, compared to analysts’ expectations of $809.44 million. During the same period in the previous year, the company posted $0.46 EPS. USG Corporation’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that USG Corporation will post $1.68 earnings per share for the current fiscal year.

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In other news, insider Jennifer F. Scanlon bought 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were acquired at an average cost of $29.39 per share, with a total value of $44,085.00. Following the transaction, the insider now owns 82,902 shares of the company’s stock, valued at approximately $2,436,489.78. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $89,104.55. Following the completion of the transaction, the vice president now directly owns 13,981 shares in the company, valued at $399,157.55. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of USG Corporation during the first quarter valued at $667,000. BNP Paribas Arbitrage SA raised its position in shares of USG Corporation by 12.7% in the first quarter. BNP Paribas Arbitrage SA now owns 217,136 shares of the construction company’s stock valued at $6,905,000 after buying an additional 24,459 shares during the period. Elkfork Partners LLC purchased a new position in shares of USG Corporation during the first quarter valued at $178,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of USG Corporation during the first quarter valued at $205,000. Finally, Chase Investment Counsel Corp purchased a new position in shares of USG Corporation during the first quarter valued at $4,018,000. 87.00% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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