Vertical Research Upgrades USG Corp. (USG) to Buy
USG Corp. (NYSE:USG) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday.
Other analysts also recently issued reports about the company. Citigroup Inc. started coverage on USG Corp. in a research note on Friday, August 26th. They issued a “neutral” rating and a $32.00 target price for the company. Royal Bank Of Canada raised USG Corp. from a “sector perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Tuesday, September 13th. Vertical Group raised USG Corp. from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Monday. SunTrust Banks Inc. raised their target price on USG Corp. from $33.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $33.00 target price on shares of USG Corp. in a research note on Tuesday, August 30th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $32.21.
Shares of USG Corp. (NYSE:USG) opened at 25.63 on Monday. The company has a 50-day moving average of $27.49 and a 200-day moving average of $27.00. USG Corp. has a 1-year low of $15.85 and a 1-year high of $30.84. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 3.68 and a beta of 1.96.
USG Corp. (NYSE:USG) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.02. USG Corp. had a net margin of 26.60% and a return on equity of 21.37%. The firm earned $1,000 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that USG Corp. will post $1.74 EPS for the current fiscal year.
In other news, insider Jennifer F. Scanlon sold 9,260 shares of USG Corp. stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $27.13, for a total value of $251,223.80. Following the completion of the transaction, the insider now owns 34,432 shares in the company, valued at approximately $934,140.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth R. Banas sold 11,557 shares of USG Corp. stock in a transaction dated Wednesday, August 31st. The shares were sold at an average price of $28.04, for a total value of $324,058.28. Following the completion of the transaction, the vice president now owns 15,356 shares of the company’s stock, valued at approximately $430,582.24. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in USG. Norges Bank bought a new position in shares of USG Corp. during the fourth quarter valued at about $13,432,000. KR Capital Partners I L P bought a new position in shares of USG Corp. during the first quarter valued at about $2,496,000. DAVENPORT & Co LLC boosted its position in shares of USG Corp. by 5.0% in the first quarter. DAVENPORT & Co LLC now owns 20,850 shares of the company’s stock valued at $517,000 after buying an additional 1,000 shares during the last quarter. Shayne & CO. LLC boosted its position in shares of USG Corp. by 0.6% in the first quarter. Shayne & CO. LLC now owns 187,155 shares of the company’s stock valued at $4,643,000 after buying an additional 1,174 shares during the last quarter. Finally, VNBTrust National Association boosted its position in shares of USG Corp. by 8.9% in the first quarter. VNBTrust National Association now owns 201,751 shares of the company’s stock valued at $5,005,000 after buying an additional 16,491 shares during the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.
About USG Corp.
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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