Citigroup Inc. restated their neutral rating on shares of USG Corporation (NYSE:USG) in a research note released on Monday morning. They currently have a $34.00 price target on the construction company’s stock, up from their previous price target of $31.00.
Several other equities analysts have also recently weighed in on the company. SunTrust Banks, Inc. cut USG Corporation from a buy rating to a hold rating and set a $33.00 price objective for the company. in a report on Monday, October 2nd. They noted that the move was a valuation call. ValuEngine upgraded USG Corporation from a hold rating to a buy rating in a report on Wednesday, September 27th. Stifel Nicolaus restated a hold rating and issued a $31.00 price objective (up previously from $28.00) on shares of USG Corporation in a report on Monday, September 18th. Nomura decreased their price objective on USG Corporation from $32.00 to $31.00 and set a neutral rating for the company in a report on Monday, September 18th. Finally, Robert W. Baird restated a hold rating and issued a $30.00 price objective on shares of USG Corporation in a report on Monday, August 28th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $30.93.
USG Corporation (NYSE:USG) last announced its quarterly earnings data 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). The company had revenue of $811.00 million during the quarter, compared to the consensus estimate of $809.44 million. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. USG Corporation’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS.
In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now directly owns 61,713 shares in the company, valued at $2,000,118.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company’s stock.
A number of hedge funds have recently modified their holdings of USG. Karp Capital Management Corp acquired a new stake in USG Corporation during the first quarter worth approximately $538,000. Ameriprise Financial Inc. lifted its position in USG Corporation by 10.4% during the first quarter. Ameriprise Financial Inc. now owns 326,599 shares of the construction company’s stock worth $10,387,000 after acquiring an additional 30,777 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in USG Corporation by 3.3% during the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock worth $5,976,000 after acquiring an additional 5,969 shares during the last quarter. SG Americas Securities LLC lifted its position in USG Corporation by 70.1% during the first quarter. SG Americas Securities LLC now owns 10,543 shares of the construction company’s stock worth $335,000 after acquiring an additional 4,346 shares during the last quarter. Finally, Teachers Advisors LLC lifted its position in USG Corporation by 9.7% during the first quarter. Teachers Advisors LLC now owns 457,070 shares of the construction company’s stock worth $14,535,000 after acquiring an additional 40,312 shares during the last quarter. Hedge funds and other institutional investors own 87.01% of the company’s stock.
About USG Corporation
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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