Kingswood Wealth Advisors LLC Buys Shares of 20,534 United States Steel Corporation (NYSE:X)

Kingswood Wealth Advisors LLC purchased a new stake in United States Steel Corporation (NYSE:X - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 20,534 shares of the basic materials company's stock, valued at approximately $868,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in X. Bessemer Group Inc. grew its holdings in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after buying an additional 277 shares during the period. Parkworth Wealth Management Inc. acquired a new position in shares of United States Steel in the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. acquired a new position in shares of United States Steel in the 4th quarter valued at about $32,000. Smithfield Trust Co lifted its stake in shares of United States Steel by 903.0% in the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 903 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC acquired a new position in shares of United States Steel in the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 81.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on X. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a research note on Monday, March 31st. Morgan Stanley lifted their price objective on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price objective on United States Steel from $39.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, June 2nd. Finally, Jefferies Financial Group reaffirmed a "hold" rating and issued a $55.00 price objective (up from $50.00) on shares of United States Steel in a research note on Tuesday, May 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel presently has an average rating of "Hold" and a consensus price target of $43.80.

United States Steel Stock Up 0.2%

United States Steel stock traded up $0.13 during midday trading on Friday, hitting $54.97. 876 shares of the company were exchanged, compared to its average volume of 6,537,664. The company's fifty day moving average price is $46.87 and its 200-day moving average price is $40.66. The company has a market cap of $12.45 billion, a PE ratio of 189.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.87. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.45 and a quick ratio of 0.75. United States Steel Corporation has a fifty-two week low of $26.92 and a fifty-two week high of $54.91.

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) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.54 billion. United States Steel had a return on equity of 1.69% and a net margin of 0.64%. The business's revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm posted $0.82 earnings per share. On average, research analysts predict that United States Steel Corporation will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 12th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Monday, May 12th. United States Steel's payout ratio is 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.