USG (NYSE:USG)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a report released on Wednesday. They currently have a $39.00 target price on the construction company’s stock. Jefferies Group’s price objective points to a potential downside of 0.76% from the company’s previous close.
A number of other brokerages also recently issued reports on USG. Zacks Investment Research raised shares of USG from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Saturday, January 6th. Citigroup lifted their price objective on shares of USG from $34.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Barclays lifted their price objective on shares of USG from $26.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. Bank of America downgraded shares of USG from a “neutral” rating to an “underperform” rating in a research report on Friday, October 27th. Finally, ValuEngine raised shares of USG from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.64.
Shares of USG (NYSE:USG) traded up $0.67 during trading on Wednesday, hitting $39.30. 1,261,595 shares of the stock were exchanged, compared to its average volume of 1,356,318. 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 has a 52-week low of $25.60 and a 52-week high of $41.18. The stock has a market cap of $5,530.00, a P/E ratio of 29.55, a P/E/G ratio of 1.50 and a beta of 1.21.
In other USG news, CEO Jennifer F. Scanlon sold 6,045 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $37.54, for a total transaction of $226,929.30. Following the sale, the chief executive officer now owns 85,429 shares of the company’s stock, valued at approximately $3,207,004.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dominic A. Dannessa sold 6,042 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $37.55, for a total transaction of $226,877.10. Following the sale, the insider now directly owns 63,255 shares in the company, valued at approximately $2,375,225.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,992 shares of company stock worth $2,131,270. 0.67% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC acquired a new stake in USG during the 2nd quarter valued at approximately $5,467,000. Schwab Charles Investment Management Inc. lifted its stake in USG by 6.5% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 505,799 shares of the construction company’s stock valued at $19,504,000 after acquiring an additional 30,738 shares during the period. Beck Capital Management LLC acquired a new stake in USG during the 3rd quarter valued at approximately $327,000. Creative Planning acquired a new stake in USG during the 4th quarter valued at approximately $235,000. Finally, SG Americas Securities LLC acquired a new stake in USG during the 3rd quarter valued at approximately $170,000. 85.78% of the stock is currently owned by institutional investors.
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USG Company Profile
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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