USG (USG) Reaches New 52-Week High and Low Following Analyst Upgrade

USG Co. (NYSE:USG) shares reached a new 52-week high and low during trading on Tuesday after SunTrust Banks raised their price target on the stock from $42.00 to $44.00. SunTrust Banks currently has a hold rating on the stock. USG traded as low as $41.50 and last traded at $41.28, with a volume of 1092691 shares changing hands. The stock had previously closed at $41.02.

USG has been the topic of a number of other research reports. Credit Suisse Group reiterated an “underperform” rating and issued a $36.00 price objective (up previously from $26.00) on shares of USG in a report on Monday, January 22nd. They noted that the move was a valuation call. Zacks Investment Research raised USG from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Saturday, January 6th. Buckingham Research raised their price target on USG from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Monday. Citigroup raised their price target on USG from $37.00 to $42.00 and gave the company a “neutral” rating in a report on Thursday, January 25th. Finally, Raymond James Financial assumed coverage on USG in a report on Tuesday, March 13th. They issued an “outperform” rating and a $40.00 price target for the company. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. USG has an average rating of “Hold” and a consensus target price of $39.00.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new position in USG in the 4th quarter valued at approximately $160,000. State of Alaska Department of Revenue purchased a new position in USG in the 4th quarter valued at approximately $196,000. SG Americas Securities LLC purchased a new position in USG in the 3rd quarter valued at approximately $170,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in USG by 45.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,351 shares of the construction company’s stock valued at $206,000 after purchasing an additional 1,681 shares in the last quarter. Finally, Creative Planning purchased a new position in USG in the 4th quarter valued at approximately $235,000. 82.14% of the stock is owned by hedge funds and other institutional investors.



The company has a market cap of $5,750.87, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.39 and a quick ratio of 1.78.

USG (NYSE:USG) last released its quarterly earnings data on Thursday, February 1st. The construction company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.14. The firm had revenue of $831.00 million during the quarter, compared to the consensus estimate of $757.57 million. USG had a return on equity of 13.59% and a net margin of 2.96%. USG’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $0.44 EPS. analysts predict that USG Co. will post 2.23 EPS for the current year.

USG declared that its board has authorized a stock repurchase program on Thursday, February 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

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About USG

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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