United States Steel Co. (NYSE:X) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. lifted its position in shares of United States Steel Co. (NYSE:X - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,513,531 shares of the basic materials company's stock after buying an additional 447,186 shares during the quarter. United States Steel makes up about 5.6% of Donald Smith & CO. Inc.'s holdings, making the stock its 2nd largest position. Donald Smith & CO. Inc. owned about 2.02% of United States Steel worth $219,583,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in X. Raymond James Financial Services Advisors Inc. increased its position in United States Steel by 308.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 331,492 shares of the basic materials company's stock worth $16,127,000 after buying an additional 250,311 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of United States Steel by 16,065.0% during the fourth quarter. FNY Investment Advisers LLC now owns 32,330 shares of the basic materials company's stock valued at $1,572,000 after acquiring an additional 32,130 shares during the last quarter. International Assets Investment Management LLC increased its position in United States Steel by 4,057.9% during the 4th quarter. International Assets Investment Management LLC now owns 747,553 shares of the basic materials company's stock worth $36,368,000 after purchasing an additional 729,574 shares in the last quarter. SG Americas Securities LLC raised its stake in United States Steel by 1,132.8% in the 4th quarter. SG Americas Securities LLC now owns 115,715 shares of the basic materials company's stock valued at $5,630,000 after purchasing an additional 106,329 shares during the last quarter. Finally, Forest Avenue Capital Management LP purchased a new position in United States Steel in the 3rd quarter valued at about $7,435,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

United States Steel Stock Down 1.2 %

United States Steel stock traded down $0.44 during midday trading on Monday, hitting $36.98. 2,431,656 shares of the stock were exchanged, compared to its average volume of 4,636,803. United States Steel Co. has a 1 year low of $20.40 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.22. The firm has a market cap of $8.31 billion, a P/E ratio of 10.54 and a beta of 2.01. The company has a 50 day moving average price of $42.26 and a two-hundred day moving average price of $41.47.

United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The firm had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.73 billion. During the same quarter last year, the firm earned $0.87 EPS. United States Steel's quarterly revenue was down 4.5% on a year-over-year basis. On average, sell-side analysts predict that United States Steel Co. will post 2.99 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, February 9th. United States Steel's dividend payout ratio is currently 5.70%.

Analysts Set New Price Targets

Several research analysts have weighed in on X shares. JPMorgan Chase & Co. began coverage on United States Steel in a report on Friday, January 12th. They issued a "neutral" rating and a $52.00 price target for the company. StockNews.com assumed coverage on United States Steel in a research report on Monday. They set a "hold" rating on the stock. Morgan Stanley cut United States Steel from an "overweight" rating to an "equal weight" rating and lifted their price target for the company from $40.00 to $51.00 in a report on Thursday, February 15th. Wolfe Research raised shares of United States Steel from a "peer perform" rating to an "outperform" rating and set a $46.00 price objective for the company in a research note on Tuesday, April 9th. Finally, BMO Capital Markets decreased their target price on shares of United States Steel from $55.00 to $45.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 19th. Nine analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.89.

About United States Steel

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.