Inspire Trust Co. N.A. Purchases New Shares in United States Steel Co. (NYSE:X)

Inspire Trust Co. N.A. acquired a new position in United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 38,000 shares of the basic materials company's stock, valued at approximately $1,292,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of United States Steel in the fourth quarter worth about $130,731,000. Forest Avenue Capital Management LP acquired a new stake in United States Steel during the 4th quarter valued at approximately $50,795,000. NWI Management LP purchased a new stake in United States Steel during the 4th quarter worth approximately $48,946,000. Duquesne Family Office LLC raised its position in shares of United States Steel by 142.8% in the 4th quarter. Duquesne Family Office LLC now owns 1,610,040 shares of the basic materials company's stock valued at $54,725,000 after purchasing an additional 946,950 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of United States Steel by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock valued at $315,790,000 after buying an additional 929,762 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Finally, BMO Capital Markets reissued a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, United States Steel presently has an average rating of "Hold" and a consensus target price of $39.22.

United States Steel Stock Up 2.2%

Shares of NYSE:X opened at $42.07 on Thursday. The company's fifty day moving average is $41.99 and its two-hundred day moving average is $38.55. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a 1-year low of $26.92 and a 1-year high of $46.18. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82.

United States Steel (NYSE:X - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the company earned $0.82 EPS. United States Steel's revenue was down 10.4% compared to the same quarter last year. Equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.48%. The ex-dividend date is Monday, May 12th. United States Steel's dividend payout ratio is presently 68.97%.

United States Steel Company Profile

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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