Citigroup Inc. Reaffirms “Neutral” Rating for USG Corporation (USG)

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.

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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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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