USG (USG) Upgraded by Robert W. Baird to Outperform

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.

USG (NYSE:USG) last issued its earnings results on Thursday, October 26th. The construction company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $790.54 million. USG had a net margin of 14.93% and a return on equity of 12.90%. The business’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. sell-side analysts predict that USG will post 1.67 earnings per share for the current fiscal year.

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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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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