Robert W. Baird upgraded shares of USG (NYSE:USG) from a neutral rating to an outperform rating in a research note published on Friday morning, MarketBeat reports. The firm currently has $45.00 target price on the construction company’s stock, up from their previous target price of $35.00.
A number of other equities analysts have also issued reports on the company. Barclays upgraded USG from an equal weight rating to an overweight rating and raised their target price for the stock from $31.00 to $43.00 in a research note on Friday. ValuEngine upgraded USG from a hold rating to a buy rating in a research note on Sunday, December 31st. Macquarie raised their target price on USG from $35.00 to $36.00 and gave the stock a neutral rating in a research note on Wednesday, November 15th. JPMorgan Chase & Co. raised their target price on USG from $30.00 to $38.00 and gave the stock a neutral rating in a research note on Wednesday, November 1st. Finally, Citigroup raised their target price on USG from $34.00 to $37.00 and gave the stock a neutral rating in a research note on Friday, October 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. USG currently has a consensus rating of Hold and an average price target of $35.21.
Shares of USG (NYSE USG) opened at $40.54 on Friday. USG has a twelve month low of $25.60 and a twelve month high of $41.18. The company has a current ratio of 2.37, a quick ratio of 1.73 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $5,735.38, a price-to-earnings ratio of 12.91, a PEG ratio of 1.54 and a beta of 1.21.
USG (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.47. The company had revenue of $795.00 million during the quarter, compared to analyst estimates of $790.54 million. USG had a return on equity of 12.90% and a net margin of 14.93%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. sell-side analysts expect that USG will post 1.67 earnings per share for the current year.
In other USG news, insider Christopher D. Macey sold 3,325 shares of USG stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $37.61, for a total transaction of $125,053.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian J. Cook sold 30,000 shares of USG stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total value of $1,037,400.00. Following the transaction, the insider now owns 84,538 shares of the company’s stock, valued at approximately $2,923,324.04. The disclosure for this sale can be found here. Insiders have sold a total of 58,992 shares of company stock valued at $2,131,270 in the last quarter. Company insiders own 0.67% of the company’s stock.
Several large investors have recently bought and sold shares of USG. Lord Abbett & CO. LLC acquired a new stake in shares of USG during the 2nd quarter valued at about $5,467,000. LSV Asset Management grew its position in shares of USG by 5.5% during the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock valued at $21,977,000 after acquiring an additional 39,500 shares during the period. Beck Capital Management LLC acquired a new stake in shares of USG during the 3rd quarter valued at about $327,000. SG Americas Securities LLC acquired a new stake in shares of USG during the 3rd quarter valued at about $170,000. Finally, New York State Common Retirement Fund grew its position in shares of USG by 2.2% during the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock valued at $6,207,000 after acquiring an additional 4,100 shares during the period. Hedge funds and other institutional investors own 85.76% of the company’s stock.
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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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