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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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