Spring Capital Management LLC Takes Position in United States Steel Co. (NYSE:X)

Spring Capital Management LLC bought a new stake in shares of United States Steel Co. (NYSE:X - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,000 shares of the basic materials company's stock, valued at approximately $254,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in United States Steel by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 20,558,732 shares of the basic materials company's stock worth $698,791,000 after acquiring an additional 186,994 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United States Steel by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,291,906 shares of the basic materials company's stock worth $315,790,000 after purchasing an additional 929,762 shares during the last quarter. Donald Smith & CO. Inc. boosted its position in United States Steel by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 4,788,075 shares of the basic materials company's stock valued at $162,747,000 after purchasing an additional 68,230 shares during the period. Massachusetts Financial Services Co. MA grew its stake in United States Steel by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,773,225 shares of the basic materials company's stock worth $162,242,000 after buying an additional 174,394 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in United States Steel by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,862,064 shares of the basic materials company's stock worth $131,313,000 after buying an additional 22,380 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. BMO Capital Markets reissued a "market perform" rating and set a $45.00 price target on shares of United States Steel in a report on Monday, March 31st. Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research note on Friday, May 30th. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. JPMorgan Chase & Co. lifted their price target on United States Steel from $39.00 to $55.00 and gave the company a "neutral" rating in a report on Monday. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $55.00 price objective (up from $50.00) on shares of United States Steel in a report on Tuesday, May 27th. One equities research 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. According to data from MarketBeat.com, United States Steel has an average rating of "Hold" and a consensus price target of $43.80.

United States Steel Price Performance

Shares of X traded down $0.01 during midday trading on Wednesday, reaching $53.75. The stock had a trading volume of 4,231,855 shares, compared to its average volume of 6,179,697. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The company has a market capitalization of $12.17 billion, a P/E ratio of 36.07, a P/E/G ratio of 1.53 and a beta of 1.82. The firm's 50 day moving average price is $43.85 and its 200-day moving average price is $39.35. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $54.03.

United States Steel (NYSE:X - Get Free Report) last issued 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). 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 during the quarter, compared to the consensus estimate of $3.54 billion. During the same quarter last year, the firm posted $0.82 earnings per share. United States Steel's revenue was down 10.4% compared to the same quarter last year. On average, analysts forecast that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently declared 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. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.37%. United States Steel's dividend payout ratio (DPR) is 68.97%.

United States Steel 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.