USG Corp. (USG) Given Sell Rating at Goldman Sachs Group Inc.
USG has been the subject of several other reports. Jefferies Group decreased their target price on USG Corp. from $33.00 to $29.00 and set a hold rating for the company in a research report on Thursday, September 22nd. Vertical Research upgraded USG Corp. from a hold rating to a buy rating in a research report on Monday, September 19th. Bank of America Corp. assumed coverage on USG Corp. in a research report on Friday, September 23rd. They set a buy rating and a $36.00 target price for the company. Vertical Group upgraded USG Corp. from a hold rating to a buy rating and set a $33.00 target price for the company in a research report on Monday, September 19th. Finally, Evercore ISI started coverage on USG Corp. in a research report on Monday, November 14th. They set a buy rating and a $33.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $32.43.
USG Corp. (NYSE:USG) traded up 0.04% during trading on Tuesday, reaching $27.77. The company had a trading volume of 69,734 shares. The company has a 50 day moving average price of $26.08 and a 200 day moving average price of $27.28. The company has a market capitalization of $4.06 billion, a PE ratio of 4.04 and a beta of 1.43. USG Corp. has a 52-week low of $15.85 and a 52-week high of $30.84.
USG Corp. (NYSE:USG) last posted its earnings results on Tuesday, October 25th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.02. The company earned $767 million during the quarter, compared to analyst estimates of $1.02 billion. USG Corp. had a return on equity of 17.04% and a net margin of 27.70%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. On average, equities analysts forecast that USG Corp. will post $1.71 EPS for the current fiscal year.
In other news, VP Kenneth R. Banas sold 11,557 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $28.04, for a total transaction of $324,058.28. Following the completion of the sale, the vice president now directly owns 15,356 shares in the company, valued at approximately $430,582.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman James S. Metcalf sold 15,577 shares of the company’s stock in a transaction on Thursday, October 6th. The shares were sold at an average price of $26.00, for a total value of $405,002.00. Following the sale, the chairman now owns 319,750 shares of the company’s stock, valued at $8,313,500. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Societe Generale bought a new stake in USG Corp. during the second quarter worth $165,000. Meeder Asset Management Inc. bought a new stake in USG Corp. during the second quarter worth $182,000. IFP Advisors Inc increased its stake in USG Corp. by 51.8% in the second quarter. IFP Advisors Inc now owns 8,735 shares of the company’s stock worth $235,000 after buying an additional 2,982 shares during the last quarter. Cantab Capital Partners LLP bought a new stake in USG Corp. during the second quarter worth $271,000. Finally, Quantbot Technologies LP bought a new stake in USG Corp. during the third quarter worth $332,000. Hedge funds and other institutional investors own 81.94% of the company’s stock.
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USG Corp. Company Profile
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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