Ausbil Investment Management Ltd bought a new position in shares of United States Steel Corporation (NYSE:X - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the basic materials company's stock, valued at approximately $634,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock worth $25,000 after buying an additional 277 shares during the last quarter. Versant Capital Management Inc boosted its stake in United States Steel by 45.3% in the first quarter. Versant Capital Management Inc now owns 911 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 284 shares in the last quarter. Parkworth Wealth Management Inc. purchased a new position in United States Steel in the fourth quarter worth $31,000. Lee Danner & Bass Inc. purchased a new position in United States Steel in the fourth quarter worth $32,000. Finally, Smithfield Trust Co increased its position in shares of United States Steel by 903.0% during the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock worth $34,000 after purchasing an additional 903 shares in the last quarter. Institutional investors own 81.92% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Wolfe Research reissued a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Morgan Stanley boosted their price objective on shares of United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Glj Research downgraded United States Steel from a "strong-buy" rating to a "strong sell" rating in a report on Friday, May 30th. Finally, Jefferies Financial Group restated a "hold" rating and set a $55.00 price objective (up from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, United States Steel presently has a consensus rating of "Hold" and an average target price of $43.80.
Read Our Latest Stock Analysis on United States Steel
United States Steel Stock Performance
NYSE X traded up $0.13 during mid-day trading on Thursday, reaching $54.97. 876 shares of the stock were exchanged, compared to its average volume of 6,568,083. The business's 50 day moving average is $47.95 and its 200-day moving average is $41.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.75 and a current ratio of 1.45. United States Steel Corporation has a 1 year low of $26.92 and a 1 year high of $54.91. The company has a market capitalization of $12.45 billion, a P/E ratio of 189.56, a P/E/G ratio of 2.21 and a beta of 1.87.
United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a return on equity of 1.69% and a net margin of 0.64%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same period in the previous year, the company posted $0.82 EPS. The business's revenue for the quarter was down 10.4% compared to the same quarter last year. On average, equities research analysts forecast that United States Steel Corporation will post 1.43 EPS for the current fiscal year.
United States Steel Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.36%. The ex-dividend date was Monday, May 12th. United States Steel's payout ratio is 68.97%.
About United States Steel
(
Free Report)
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.
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