USG Corporation (USG) Rating Reiterated by Robert W. Baird
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.
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.
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