Robert W. Baird upgraded shares of USG (NYSE:USG) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning. They currently have $45.00 price target on the construction company’s stock, up from their prior price target of $35.00.
USG has been the topic of several other reports. ValuEngine upgraded shares of USG from a hold rating to a buy rating in a research report on Wednesday, September 27th. JPMorgan Chase & Co. boosted their target price on shares of USG from $30.00 to $38.00 and gave the stock a neutral rating in a research report on Wednesday, November 1st. Citigroup restated a neutral rating and set a $34.00 target price (up from $31.00) on shares of USG in a research report on Monday, October 9th. Zacks Investment Research upgraded shares of USG from a sell rating to a hold rating in a research report on Wednesday, October 18th. Finally, Nomura boosted their target price on shares of USG from $27.00 to $32.00 and gave the stock a neutral rating in a research report on Monday, September 11th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $34.62.
Shares of USG (USG) opened at $40.54 on Friday. The company has a market cap of $5,377.45, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.21. USG has a 1 year low of $25.60 and a 1 year high of $41.18. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.73 and a current ratio of 2.37.
In related news, insider Christopher D. Macey sold 3,325 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $37.61, for a total value of $125,053.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Brian J. Cook sold 30,000 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $34.58, for a total transaction of $1,037,400.00. Following the completion of the sale, the insider now owns 84,538 shares in the company, valued at $2,923,324.04. The disclosure for this sale can be found here. Insiders sold a total of 58,992 shares of company stock worth $2,131,270 over the last quarter. Insiders own 0.67% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management boosted its position in shares of USG by 5.5% in the 2nd quarter. LSV Asset Management now owns 757,318 shares of the construction company’s stock worth $21,977,000 after buying an additional 39,500 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in USG by 2.2% in the 3rd quarter. New York State Common Retirement Fund now owns 190,100 shares of the construction company’s stock valued at $6,207,000 after purchasing an additional 4,100 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in USG in the 2nd quarter valued at about $5,467,000. Amalgamated Bank lifted its holdings in USG by 27.2% in the 2nd quarter. Amalgamated Bank now owns 15,920 shares of the construction company’s stock valued at $462,000 after purchasing an additional 3,404 shares in the last quarter. Finally, Beck Capital Management LLC purchased a new position in USG in the 3rd quarter valued at about $327,000. Institutional investors and hedge funds own 85.76% of the company’s stock.
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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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