NWI Management LP Buys New Position in United States Steel Co. (NYSE:X)

NWI Management LP purchased a new stake in United States Steel Co. (NYSE:X - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,440,000 shares of the basic materials company's stock, valued at approximately $48,946,000. United States Steel accounts for 2.2% of NWI Management LP's investment portfolio, making the stock its 11th biggest holding. NWI Management LP owned about 0.64% of United States Steel as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of X. Bessemer Group Inc. raised its stake 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 valued at $25,000 after acquiring an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in United States Steel in the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. acquired a new stake in shares of United States Steel during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. bought a new stake in shares of United States Steel during the fourth quarter worth $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in United States Steel in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 81.92% of the company's stock.

United States Steel Price Performance

Shares of NYSE X opened at $41.79 on Wednesday. The firm has a 50-day simple moving average of $41.50 and a 200-day simple moving average of $38.45. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 1.53 and a beta of 1.82. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18.

United States Steel (NYSE:X - Get Free Report) last announced its earnings results 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 analysts' expectations of $3.54 billion. During the same period in the previous year, the company earned $0.82 earnings per share. United States Steel's quarterly revenue was down 10.4% on a year-over-year basis. On average, equities analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's payout ratio is currently 68.97%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $38.00 target price (down from $43.00) on shares of United States Steel in a report on Wednesday, April 16th. 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 report on Monday, May 5th. Finally, BMO Capital Markets restated a "market perform" rating and set a $45.00 price target 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 issued a buy rating to the company. Based on data from MarketBeat.com, United States Steel presently has an average rating of "Hold" and a consensus price target of $39.22.

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.

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