Robert W. Baird reiterated their hold rating on shares of USG Corporation (NYSE:USG) in a report published on Monday. Robert W. Baird currently has a $30.00 price target on the construction company’s stock.

Other equities research analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a hold rating on shares of USG Corporation in a research note on Wednesday, July 19th. CL King downgraded shares of USG Corporation from a strong-buy rating to a neutral rating in a research note on Monday, July 24th. TheStreet downgraded shares of USG Corporation from a b rating to a c+ rating in a research note on Thursday, August 17th. BidaskClub downgraded shares of USG Corporation from a hold rating to a sell rating in a research note on Friday, June 9th. Finally, Bank of America Corporation downgraded shares of USG Corporation from a buy rating to a neutral rating and reduced their price objective for the stock from $38.00 to $31.00 in a research note on Thursday, July 27th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $30.87.

Shares of USG Corporation (USG) opened at 27.90 on Monday. The firm has a 50 day moving average of $27.47 and a 200 day moving average of $30.10. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of 8.95 and a beta of 1.08.

USG Corporation (NYSE:USG) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. USG Corporation had a net margin of 14.94% and a return on equity of 13.57%. The business had revenue of $811 million during the quarter, compared to analyst estimates of $809.44 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities analysts predict that USG Corporation will post $1.68 earnings per share for the current fiscal year.

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In other USG Corporation news, insider Jennifer F. Scanlon acquired 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 5th. The stock was acquired at an average price of $29.39 per share, for a total transaction of $44,085.00. Following the acquisition, the insider now directly owns 82,902 shares in the company, valued at $2,436,489.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Jeanette A. Press sold 3,121 shares of the firm’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now owns 13,981 shares of the company’s stock, valued at approximately $399,157.55. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of USG Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after buying an additional 76,843 shares during the period. Clinton Group Inc. raised its position in shares of USG Corporation by 29.0% in the first quarter. Clinton Group Inc. now owns 32,571 shares of the construction company’s stock worth $1,036,000 after buying an additional 7,324 shares during the period. Elkfork Partners LLC acquired a new position in shares of USG Corporation during the first quarter worth about $178,000. Schwab Charles Investment Management Inc. raised its position in shares of USG Corporation by 11.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock worth $12,546,000 after buying an additional 40,897 shares during the period. Finally, Parametric Portfolio Associates LLC raised its position in shares of USG Corporation by 3.3% in the first quarter. Parametric Portfolio Associates LLC now owns 187,925 shares of the construction company’s stock worth $5,976,000 after buying an additional 5,969 shares during the period. Institutional investors and hedge funds own 87.00% 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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