Evercore ISI started coverage on shares of USG Corp. (NYSE:USG) in a research report sent to investors on Monday morning. The firm issued a buy rating on the stock.

USG has been the subject of several other research reports. Citigroup Inc. initiated coverage on shares of USG Corp. in a research report on Friday, August 26th. They issued a neutral rating and a $32.00 price target for the company. Zacks Investment Research downgraded shares of USG Corp. from a hold rating to a sell rating in a research report on Wednesday, September 28th. Bank of America Corp. initiated coverage on shares of USG Corp. in a research report on Friday, September 23rd. They issued a buy rating and a $36.00 price target for the company. RBC Capital Markets upgraded shares of USG Corp. from a sector perform rating to an outperform rating and set a $34.00 price target for the company in a research report on Tuesday, September 13th. Finally, Jefferies Group reiterated a hold rating and issued a $33.00 price target on shares of USG Corp. in a research report on Tuesday, August 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $32.50.

Shares of USG Corp. (NYSE:USG) opened at 27.31 on Monday. The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 3.97 and a beta of 1.43. The stock has a 50 day moving average of $25.83 and a 200 day moving average of $27.24. USG Corp. has a 12 month low of $15.85 and a 12 month high of $30.84.

USG Corp. (NYSE:USG) last released its quarterly earnings results on Tuesday, October 25th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.44 by $0.02. USG Corp. had a net margin of 27.70% and a return on equity of 17.04%. The firm earned $767 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. USG Corp.’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities research analysts expect that USG Corp. will post $1.71 EPS for the current fiscal year.

In other news, Chairman James S. Metcalf sold 15,577 shares of the stock in a transaction dated Thursday, October 6th. The shares were sold at an average price of $26.00, for a total transaction of $405,002.00. Following the transaction, the chairman now directly owns 319,750 shares in the company, valued at approximately $8,313,500. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Kenneth R. Banas sold 1,715 shares of the stock in a transaction dated Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the transaction, the vice president now owns 13,500 shares in the company, valued at $378,000. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dudley & Shanley LLC raised its position in shares of USG Corp. by 0.7% in the third quarter. Dudley & Shanley LLC now owns 1,176,050 shares of the company’s stock valued at $30,401,000 after buying an additional 8,000 shares during the last quarter. HBK Investments L P bought a new position in shares of USG Corp. during the first quarter valued at $1,040,000. UBS Group AG raised its position in shares of USG Corp. by 13.3% in the first quarter. UBS Group AG now owns 80,799 shares of the company’s stock valued at $2,004,000 after buying an additional 9,470 shares during the last quarter. Smith Asset Management Group LP bought a new position in shares of USG Corp. during the second quarter valued at $21,292,000. Finally, Nuveen Asset Management LLC bought a new position in shares of USG Corp. during the first quarter valued at $1,857,000. Institutional investors and hedge funds own 81.54% of the company’s stock.

About USG Corp.

USG Corporation is a manufacturer and distributor of building materials. The Company 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. The Company’s segments include Gypsum, Ceilings, Distribution, and USG Boral Building Products.

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