USG Co. (USG) Trading Up 7%
USG Co. (NYSE:USG)’s share price was up 7% during trading on Wednesday . The stock traded as high as $32.00 and last traded at $31.96. Approximately 6,538,932 shares were traded during trading, an increase of 300% from the average daily volume of 1,635,550 shares. The stock had previously closed at $29.86.
USG has been the subject of several research reports. BidaskClub raised USG from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. TheStreet cut USG from a “b” rating to a “c+” rating in a research report on Thursday, August 17th. Barclays PLC raised USG from an “underweight” rating to an “equal weight” rating and reduced their price objective for the company from $28.00 to $26.00 in a research report on Sunday, July 30th. Robert W. Baird reissued a “hold” rating and issued a $30.00 price objective on shares of USG in a research report on Monday, August 28th. Finally, Jefferies Group LLC reissued a “hold” rating on shares of USG in a research report on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.57.
The stock has a market capitalization of $4.58 billion, a PE ratio of 10.25 and a beta of 1.00. The company has a 50-day moving average of $27.56 and a 200 day moving average of $29.91.
USG (NYSE:USG) last released its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.07. The firm had revenue of $811 million during the quarter, compared to the consensus estimate of $809.44 million. USG had a net margin of 5.67% and a return on equity of 9.36%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Equities analysts predict that USG Co. will post $1.68 EPS for the current year.
Several large investors have recently added to or reduced their stakes in USG. Creative Planning lifted its position in shares of USG by 35.3% during the 1st quarter. Creative Planning now owns 4,085 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,065 shares during the period. Bank of Montreal Can lifted its position in shares of USG by 42.0% during the 1st quarter. Bank of Montreal Can now owns 17,129 shares of the construction company’s stock valued at $546,000 after acquiring an additional 5,070 shares during the period. Glen Harbor Capital Management LLC bought a new stake in shares of USG during the 1st quarter valued at $275,000. Janney Montgomery Scott LLC bought a new stake in shares of USG during the 1st quarter valued at $352,000. Finally, Tyers Asset Management LLC bought a new stake in shares of USG during the 1st quarter valued at $129,000. Hedge funds and other institutional investors own 87.00% of the company’s stock.
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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