USG Corp. (NYSE:USG) was up 4.3% during trading on Wednesday . The stock traded as high as $30.84 and last traded at $30.62, with a volume of 1,706,623 shares. The stock had previously closed at $29.35.

Several research analysts have issued reports on USG shares. Wedbush reaffirmed a “hold” rating and issued a $26.00 price target (up previously from $23.00) on shares of USG Corp. in a report on Wednesday, April 6th. Royal Bank Of Canada lifted their price objective on shares of USG Corp. from $24.00 to $28.00 in a research report on Tuesday, April 12th. Jefferies Group reiterated a “hold” rating and set a $28.00 price objective (up from $24.00) on shares of USG Corp. in a research report on Tuesday, April 19th. Vertical Research cut shares of USG Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Finally, CL King upgraded shares of USG Corp. from a “buy” rating to a “strong-buy” rating and lifted their price objective for the stock from $30.00 to $37.00 in a research report on Friday, April 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.30.

The firm has a market capitalization of $4.35 billion and a PE ratio of 4.25. The stock has a 50 day moving average price of $27.59 and a 200 day moving average price of $24.57.

USG Corp. (NYSE:USG) last announced its quarterly earnings data on Thursday, April 21st. The company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.17. The business earned $970 million during the quarter, compared to analyst estimates of $932.98 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 6.7% on a year-over-year basis. On average, equities analysts anticipate that USG Corp. will post $1.79 EPS for the current fiscal year.

In related news, insider Dominic A. Dannessa sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $29.03, for a total value of $58,060.00. Following the completion of the transaction, the insider now owns 64,937 shares of the company’s stock, valued at $1,885,121.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jose Armario acquired 1,418 shares of the firm’s stock in a transaction dated Wednesday, April 27th. The stock was purchased at an average cost of $28.11 per share, with a total value of $39,859.98. Following the transaction, the director now owns 813 shares in the company, valued at $22,853.43. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Russell Frank Co increased its position in shares of USG Corp. by 18.1% in the fourth quarter. Russell Frank Co now owns 187,420 shares of the company’s stock worth $4,576,000 after buying an additional 28,709 shares during the period. California State Teachers Retirement System increased its stake in shares of USG Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 169,837 shares of the company’s stock valued at $4,125,000 after buying an additional 2,701 shares during the last quarter. First Trust Advisors LP increased its stake in shares of USG Corp. by 27.4% in the fourth quarter. First Trust Advisors LP now owns 74,774 shares of the company’s stock valued at $1,816,000 after buying an additional 16,082 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of USG Corp. by 34.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 76,345 shares of the company’s stock valued at $1,854,000 after buying an additional 19,512 shares during the last quarter. Finally, Harris Associates L P increased its stake in shares of USG Corp. by 36.7% in the fourth quarter. Harris Associates L P now owns 6,914,950 shares of the company’s stock valued at $167,964,000 after buying an additional 1,856,150 shares during the last quarter.

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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