USG Corporation (USG) Receives $31.53 Consensus Price Target from Brokerages

Shares of USG Corporation (NYSE:USG) have received an average rating of “Hold” from the twenty brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $31.43.

Several research analysts have recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating on shares of USG Corporation in a report on Wednesday. BidaskClub raised shares of USG Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Nomura started coverage on shares of USG Corporation in a research note on Wednesday, April 12th. They set a “neutral” rating and a $33.00 target price for the company. Instinet reissued a “neutral” rating and set a $33.00 target price (up from $30.00) on shares of USG Corporation in a research note on Saturday, April 29th. Finally, Zacks Investment Research lowered shares of USG Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd.

In related news, VP Jeanette A. Press sold 3,121 shares of the company’s stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $28.55, for a total value of $89,104.55. Following the completion of the sale, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jennifer F. Scanlon purchased 1,500 shares of USG Corporation stock in a transaction that occurred on Monday, June 5th. The stock was purchased at an average price of $29.39 per share, with a total value of $44,085.00. Following the transaction, the insider now owns 82,902 shares in the company, valued at approximately $2,436,489.78. The disclosure for this purchase can be found here. 0.67% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of USG Corporation by 1.1% in the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock valued at $217,404,000 after buying an additional 76,843 shares during the period. BlackRock Inc. increased its stake in shares of USG Corporation by 14,864.0% in the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock valued at $128,363,000 after buying an additional 4,009,572 shares during the period. Bank of America Corp DE increased its stake in shares of USG Corporation by 95.8% in the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock valued at $113,834,000 after buying an additional 1,751,530 shares during the period. Wells Fargo & Company MN increased its stake in shares of USG Corporation by 4.2% in the first quarter. Wells Fargo & Company MN now owns 2,840,558 shares of the construction company’s stock valued at $90,330,000 after buying an additional 113,865 shares during the period. Finally, Macquarie Group Ltd. increased its stake in shares of USG Corporation by 94.2% in the first quarter. Macquarie Group Ltd. now owns 2,086,225 shares of the construction company’s stock valued at $66,342,000 after buying an additional 1,011,813 shares during the period. Institutional investors and hedge funds own 88.77% of the company’s stock.

USG Corporation (USG) traded down 0.82% during midday trading on Tuesday, hitting $29.07. 1,317,059 shares of the stock were exchanged. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 8.62 and a beta of 1.09. The firm’s 50-day moving average is $28.90 and its 200 day moving average is $30.62. USG Corporation has a 52 week low of $23.71 and a 52 week high of $34.67.

USG Corporation (NYSE:USG) last posted its quarterly earnings data on Thursday, April 27th. The construction company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.09. The company had revenue of $767 million during the quarter, compared to the consensus estimate of $741.50 million. USG Corporation had a net margin of 15.23% and a return on equity of 14.57%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Equities research analysts expect that USG Corporation will post $1.84 EPS for the current fiscal year.

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.