USG Corp. (NYSE:USG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “USG Corp., through its subsidiaries, is a leading manufacturer and distributor of building materials producing a wide range of products for use in new residential, new nonresidential and repair and remodel construction, as well as products used in certain industrial processes. USG’s operations are organized into three operating segments: North American Gypsum, Worldwide Ceilings and Building Products Distribution. “

Several other equities research analysts have also commented on USG. Jefferies Group dropped their price target on shares of USG Corp. from $33.00 to $29.00 and set a “hold” rating on the stock in a research note on Thursday, September 22nd. Vertical Research upgraded shares of USG Corp. from a “hold” rating to a “buy” rating in a research note on Monday, September 19th. Bank of America Corp. started coverage on shares of USG Corp. in a research note on Friday, September 23rd. They issued a “buy” rating and a $36.00 price target on the stock. Vertical Group upgraded shares of USG Corp. from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Monday, September 19th. Finally, Evercore ISI started coverage on shares of USG Corp. in a research note on Monday, November 14th. They issued a “buy” rating and a $33.00 price target on the stock. 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 assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $32.43.

Analyst Recommendations for USG Corp. (NYSE:USG)

Shares of USG Corp. (NYSE:USG) traded down 0.29% on Wednesday, hitting $27.68. The company had a trading volume of 26,614 shares. The stock has a market cap of $4.04 billion, a PE ratio of 4.02 and a beta of 1.43. The company has a 50-day moving average of $26.08 and a 200 day moving average of $27.28. 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 data on Tuesday, October 25th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.02. The firm had revenue of $767 million for the quarter, compared to analyst estimates of $1.02 billion. USG Corp. had a net margin of 27.70% and a return on equity of 17.04%. USG Corp.’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts anticipate that USG Corp. will post $1.71 EPS for the current fiscal year.

In related news, VP Kenneth R. Banas sold 11,557 shares of the firm’s stock in a transaction that occurred on Wednesday, August 31st. The shares were sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the transaction, the vice president now owns 15,356 shares of the company’s stock, valued at approximately $430,582.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Kenneth R. Banas sold 1,715 shares of the firm’s stock in a transaction that occurred on Friday, September 2nd. The stock was sold at an average price of $28.00, for a total transaction of $48,020.00. Following the completion of the transaction, the vice president now directly owns 13,500 shares of the company’s stock, valued at approximately $378,000. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC purchased a new position in USG Corp. during the third quarter worth approximately $1,156,000. PCJ Investment Counsel Ltd. raised its position in USG Corp. by 200.0% in the third quarter. PCJ Investment Counsel Ltd. now owns 60,000 shares of the company’s stock worth $1,551,000 after buying an additional 40,000 shares in the last quarter. Shapiro Capital Management LLC raised its position in USG Corp. by 5.9% in the third quarter. Shapiro Capital Management LLC now owns 4,556,122 shares of the company’s stock worth $117,776,000 after buying an additional 251,894 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in USG Corp. by 10.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 218,975 shares of the company’s stock worth $5,661,000 after buying an additional 21,600 shares in the last quarter. Finally, GMT Capital Corp raised its position in USG Corp. by 12.5% in the third quarter. GMT Capital Corp now owns 1,771,900 shares of the company’s stock worth $45,804,000 after buying an additional 197,500 shares in the last quarter. 81.94% of the stock is owned by hedge funds and other institutional investors.

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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.

5 Day Chart for NYSE:USG

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