USG (USG) Sets New 52-Week High and Low at $41.45

USG Co. (NYSE:USG) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $41.45 and last traded at $40.91, with a volume of 1519183 shares. The stock had previously closed at $39.82.

Several research firms recently commented on USG. Credit Suisse Group reissued a “hold” rating on shares of USG in a research note on Thursday, March 29th. Nomura boosted their price objective on shares of USG from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. Raymond James Financial began coverage on shares of USG in a research note on Tuesday, March 13th. They set an “outperform” rating and a $40.00 price objective on the stock. Zacks Investment Research lowered shares of USG from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Jefferies Group reiterated a “hold” rating and issued a $36.00 target price on shares of USG in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.00.

The company has a market capitalization of $5,616.87, a PE ratio of 22.65, a P/E/G ratio of 1.21 and a beta of 1.12. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.78 and a current ratio of 2.39.



USG (NYSE:USG) last issued its earnings results on Thursday, February 1st. The construction company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.14. The firm had revenue of $831.00 million for the quarter, compared to the consensus estimate of $757.57 million. USG had a net margin of 2.96% and a return on equity of 13.59%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. equities analysts expect that USG Co. will post 2.23 earnings per share for the current fiscal year.

USG declared that its board has authorized a stock repurchase plan on Thursday, February 1st that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the construction company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of USG by 62.2% during the fourth quarter. First Trust Advisors LP now owns 102,009 shares of the construction company’s stock valued at $3,933,000 after purchasing an additional 39,104 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of USG by 3.1% during the fourth quarter. California Public Employees Retirement System now owns 171,522 shares of the construction company’s stock valued at $6,614,000 after purchasing an additional 5,200 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of USG by 67.9% during the fourth quarter. SG Americas Securities LLC now owns 8,743 shares of the construction company’s stock valued at $337,000 after purchasing an additional 3,536 shares during the last quarter. BlackRock Inc. raised its holdings in shares of USG by 2.0% during the fourth quarter. BlackRock Inc. now owns 4,208,210 shares of the construction company’s stock valued at $162,270,000 after purchasing an additional 83,824 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of USG by 5.4% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 77,379 shares of the construction company’s stock valued at $2,984,000 after purchasing an additional 3,970 shares during the last quarter. 82.13% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This article was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://dakotafinancialnews.com/2018/04/14/usg-usg-sets-new-52-week-high-and-low-at-41-45.html.

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.

Receive News & Ratings for USG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for USG and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply