USG’s (USG) “Hold” Rating Reiterated at Jefferies Group

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.

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

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.

Analyst Recommendations for USG (NYSE:USG)

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