Robert W. Baird Raises USG Corporation (USG) Price Target to $33.00
USG Corporation (NYSE:USG) had its price target raised by Robert W. Baird from $30.00 to $33.00 in a report published on Thursday. Robert W. Baird currently has a neutral rating on the construction company’s stock.
Several other research analysts have also commented on the stock. Citigroup Inc. restated a neutral rating and set a $34.00 price target (up previously from $31.00) on shares of USG Corporation in a research note on Monday, October 9th. SunTrust Banks, Inc. lowered shares of USG Corporation from a buy rating to a hold rating and set a $33.00 price target on the stock. in a research note on Monday, October 2nd. They noted that the move was a valuation call. ValuEngine upgraded shares of USG Corporation from a hold rating to a buy rating in a research note on Wednesday, September 27th. Stifel Nicolaus restated a hold rating and set a $31.00 price target (up previously from $28.00) on shares of USG Corporation in a research note on Monday, September 18th. Finally, Nomura dropped their price target on shares of USG Corporation from $32.00 to $31.00 and set a neutral rating on the stock in a research note on Monday, September 18th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $30.93.
USG Corporation (NYSE:USG) opened at 32.88 on Thursday. The firm has a 50 day moving average of $31.35 and a 200-day moving average of $29.59. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 10.55 and a beta of 1.00. USG Corporation has a one year low of $23.71 and a one year high of $34.67.
USG Corporation (NYSE:USG) last announced 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 return on equity of 13.57% and a net margin of 14.94%. The business had revenue of $811.00 million for the quarter, compared to analyst estimates of $809.44 million. During the same quarter last year, the company earned $0.46 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities research analysts forecast that USG Corporation will post $1.66 EPS for the current fiscal year.
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In related news, insider Dominic A. Dannessa sold 5,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,000,118.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.67% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of USG. BlackRock Inc. boosted its holdings in USG Corporation by 14,864.0% in the 1st quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after purchasing an additional 4,009,572 shares during the period. Bank of America Corp DE boosted its holdings in USG Corporation by 95.8% in the 1st quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock valued at $113,834,000 after purchasing an additional 1,751,530 shares during the period. Macquarie Group Ltd. boosted its holdings in USG Corporation by 94.2% in the 1st quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock valued at $66,342,000 after purchasing an additional 1,011,813 shares during the period. Janus Capital Management LLC boosted its holdings in USG Corporation by 1,445.9% in the 1st quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock valued at $23,028,000 after purchasing an additional 677,304 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in USG Corporation by 127.6% in the 1st quarter. Gotham Asset Management LLC now owns 907,428 shares of the construction company’s stock valued at $28,856,000 after purchasing an additional 508,751 shares during the period. 86.93% of the stock is owned by hedge funds and other institutional investors.
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.
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