USG Corporation (NYSE:USG) – Northcoast Research raised their FY2018 earnings estimates for USG Corporation in a research note issued on Thursday. Northcoast Research analyst K. Hocevar now anticipates that the construction company will post earnings per share of $2.10 for the year, up from their prior forecast of $2.05.
USG has been the topic of a number of other research reports. Robert W. Baird reissued a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a report on Monday, August 28th. ValuEngine raised USG Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub downgraded USG Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 target price (up previously from $31.00) on shares of USG Corporation in a report on Monday, October 9th. Finally, Barclays PLC raised USG Corporation from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $28.00 to $26.00 in a report on Sunday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $32.07.
USG Corporation (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. USG Corporation had a net margin of 14.93% and a return on equity of 12.90%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 EPS.
In related news, insider Dominic A. Dannessa sold 5,000 shares of the stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $32.41, for a total transaction of $162,050.00. Following the completion of the sale, the insider now owns 61,713 shares in the company, valued at $2,000,118.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.67% of the company’s stock.
Several large investors have recently added to or reduced their stakes in USG. BlackRock Inc. grew its position in shares of USG Corporation by 14,864.0% during the first quarter. BlackRock Inc. now owns 4,036,547 shares of the construction company’s stock worth $128,363,000 after purchasing an additional 4,009,572 shares in the last quarter. Janus Capital Management LLC grew its position in shares of USG Corporation by 1,445.9% during the first quarter. Janus Capital Management LLC now owns 724,146 shares of the construction company’s stock worth $23,028,000 after purchasing an additional 677,304 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of USG Corporation during the second quarter worth about $5,467,000. Dimensional Fund Advisors LP grew its position in shares of USG Corporation by 9.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,957,572 shares of the construction company’s stock worth $62,251,000 after purchasing an additional 167,321 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of USG Corporation by 1.1% during the first quarter. Vanguard Group Inc. now owns 6,836,595 shares of the construction company’s stock worth $217,404,000 after purchasing an additional 76,843 shares in the last quarter. Hedge funds and other institutional investors own 85.80% of the company’s stock.
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.
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