USG Co. (NYSE:USG) was upgraded by equities researchers at Barclays PLC from an “underweight” rating to an “equal weight” rating in a research note issued to investors on Sunday, July 30th. The brokerage currently has a $26.00 price target on the construction company’s stock, down from their previous price target of $28.00. Barclays PLC’s price objective suggests a potential downside of 2.51% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Group LLC reaffirmed a “hold” rating on shares of USG in a research note on Wednesday, July 19th. CL King downgraded shares of USG from a “strong-buy” rating to a “neutral” rating in a research report on Monday, July 24th. BidaskClub downgraded shares of USG from a “hold” rating to a “sell” rating in a research report on Friday, June 9th. Instinet reissued a “neutral” rating and set a $33.00 price objective (up previously from $30.00) on shares of USG in a research report on Saturday, April 29th. Finally, Nomura began coverage on shares of USG in a report on Wednesday, April 12th. They set a “neutral” rating and a $33.00 target price for the company. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $31.00.

USG (NYSE USG) traded up 1.64% during midday trading on Friday, reaching $26.67. The company’s stock had a trading volume of 1,117,830 shares. The firm’s 50-day moving average price is $28.16 and its 200-day moving average price is $30.40. The stock has a market capitalization of $3.82 billion, a PE ratio of 8.56 and a beta of 1.08. USG has a 52 week low of $23.71 and a 52 week high of $34.67.

USG (NYSE:USG) last announced its earnings results on Wednesday, July 26th. The construction company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.07. USG had a return on equity of 9.36% and a net margin of 5.67%. The company had revenue of $811 million for the quarter, compared to analyst estimates of $809.44 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. USG’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts anticipate that USG will post $1.68 earnings per share for the current year.

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In other news, insider Jennifer F. Scanlon purchased 1,500 shares of the company’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of $29.39 per share, for a total transaction of $44,085.00. Following the transaction, the insider now owns 82,902 shares of the company’s stock, valued at $2,436,489.78. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jeanette A. Press sold 3,121 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $28.55, for a total transaction of $89,104.55. Following the completion of the transaction, the vice president now owns 13,981 shares in the company, valued at approximately $399,157.55. The disclosure for this sale can be found here. Company insiders own 0.67% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in USG by 14,864.0% in 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 in the last quarter. JPMorgan Chase & Co. increased its position in shares of USG by 953.1% in the first quarter. JPMorgan Chase & Co. now owns 1,986,738 shares of the construction company’s stock worth $63,179,000 after buying an additional 1,798,074 shares during the period. Bank of America Corp DE increased its position in shares of USG by 95.8% in the first quarter. Bank of America Corp DE now owns 3,579,696 shares of the construction company’s stock worth $113,834,000 after buying an additional 1,751,530 shares during the period. Fairfax Financial Holdings Ltd Can increased its position in shares of USG by 335.8% in the first quarter. Fairfax Financial Holdings Ltd Can now owns 1,530,522 shares of the construction company’s stock worth $48,671,000 after buying an additional 1,179,300 shares during the period. Finally, Macquarie Group Ltd. bought a new position in shares of USG during the fourth quarter worth $31,029,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

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.

Analyst Recommendations for USG (NYSE:USG)

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