USG Corp. (NYSE:USG) shares saw an uptick in trading volume on Wednesday . 2,113,603 shares traded hands during mid-day trading, an increase of 51% from the previous session’s volume of 1,401,500 shares.The stock last traded at $27.39 and had previously closed at $28.80.

A number of brokerages have weighed in on USG. SunTrust Banks Inc. raised their target price on shares of USG Corp. from $33.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. Jefferies Group restated a “hold” rating and issued a $33.00 target price on shares of USG Corp. in a research report on Tuesday. Northcoast Research lowered shares of USG Corp. from a “buy” rating to a “neutral” rating in a research report on Wednesday. Sterne Agee CRT restated a “neutral” rating on shares of USG Corp. in a research report on Monday, May 16th. Finally, Citigroup Inc. began coverage on shares of USG Corp. in a report on Friday, August 26th. They set a “neutral” rating and a $32.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $31.75.

The firm has a 50-day moving average price of $28.51 and a 200 day moving average price of $26.42. The stock has a market capitalization of $4.00 billion and a price-to-earnings ratio of 3.93.

USG Corp. (NYSE:USG) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. The company had revenue of $1,000 million for the quarter, compared to the consensus estimate of $1.01 billion. USG Corp.’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.53 EPS. On average, analysts expect that USG Corp. will post $1.75 EPS for the current fiscal year.

A hedge fund recently raised its stake in USG Corp. stock. BNP Paribas Arbitrage SA boosted its position in shares of USG Corp. (NYSE:USG) by 122.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,053 shares of the company’s stock after buying an additional 113,996 shares during the period. BNP Paribas Arbitrage SA owned 0.14% of USG Corp. worth $5,029,000 at the end of the most recent 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.