Macquarie Boosts USG Corporation (USG) Price Target to $36.00

USG Corporation (NYSE:USG) had its price target upped by equities researchers at Macquarie from $35.00 to $36.00 in a research report issued on Wednesday. The brokerage presently has a “neutral” rating on the construction company’s stock. Macquarie’s price objective would suggest a potential upside of 5.14% from the company’s current price.

USG has been the topic of a number of other research reports. Robert W. Baird reiterated a “hold” rating and issued a $30.00 target price on shares of USG Corporation in a report on Monday, August 28th. Citigroup Inc. reissued a “neutral” rating and issued a $34.00 price objective (up from $31.00) on shares of USG Corporation in a research report on Monday, October 9th. CL King lowered USG Corporation from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub lowered USG Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, ValuEngine raised USG Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. USG Corporation presently has a consensus rating of “Hold” and an average target price of $32.14.

Shares of USG Corporation (USG) traded up $0.15 during trading on Wednesday, reaching $34.24. The company had a trading volume of 892,100 shares, compared to its average volume of 1,654,447. USG Corporation has a 52-week low of $25.60 and a 52-week high of $35.02. The firm has a market capitalization of $4,822.87, a PE ratio of 19.82, a P/E/G ratio of 1.70 and a beta of 1.17. The company has a quick ratio of 1.73, a current ratio of 2.37 and a debt-to-equity ratio of 0.54.

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

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In other USG Corporation news, insider Dominic A. Dannessa sold 5,000 shares of USG Corporation stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $32.41, for a total value of $162,050.00. Following the completion of the transaction, the insider now directly owns 61,713 shares in the company, valued at $2,000,118.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian J. Cook sold 30,000 shares of USG Corporation stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $34.58, for a total value of $1,037,400.00. Following the completion of the transaction, the insider now owns 84,538 shares of the company’s stock, valued at $2,923,324.04. The disclosure for this sale can be found here. Insiders own 0.67% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of USG. BlackRock Inc. boosted 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 buying an additional 4,009,572 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of USG Corporation during the second quarter worth approximately $5,467,000. Schwab Charles Investment Management Inc. boosted its position in shares of USG Corporation by 11.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 394,519 shares of the construction company’s stock worth $12,546,000 after buying an additional 40,897 shares during the period. Teachers Advisors LLC boosted its position in shares of USG Corporation by 9.7% during the first quarter. Teachers Advisors LLC now owns 457,070 shares of the construction company’s stock worth $14,535,000 after buying an additional 40,312 shares during the period. Finally, LSV Asset Management boosted its position in shares of USG Corporation by 5.5% during the second 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 during the period. Institutional investors and hedge funds own 86.22% 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.

Analyst Recommendations for USG Corporation (NYSE:USG)

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