United States Steel Co. (NYSE:X) SVP Richard Fruehauf Sells 37,500 Shares

United States Steel Co. (NYSE:X – Get Rating) SVP Richard Fruehauf sold 37,500 shares of United States Steel stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $31.38, for a total value of $1,176,750.00. Following the completion of the transaction, the senior vice president now owns 57,826 shares of the company’s stock, valued at approximately $1,814,579.88. The sale was disclosed in a document filed with the SEC, which is available at this link.

United States Steel Stock Performance

Shares of X stock opened at $29.99 on Tuesday. United States Steel Co. has a 1-year low of $16.41 and a 1-year high of $39.25. The company has a current ratio of 1.99, a quick ratio of 1.39 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 3.34 and a beta of 2.20. The stock’s fifty day simple moving average is $28.17 and its 200-day simple moving average is $24.55.

United States Steel (NYSE:X – Get Rating) last issued its quarterly earnings results on Friday, February 3rd. The basic materials company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.27. United States Steel had a return on equity of 26.75% and a net margin of 11.98%. The business had revenue of $4.34 billion for the quarter, compared to the consensus estimate of $4.01 billion. During the same quarter in the previous year, the company posted $3.64 earnings per share. United States Steel’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, sell-side analysts predict that United States Steel Co. will post 1.67 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 Tuesday, March 14th. Stockholders of record on Monday, February 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.67%. United States Steel’s dividend payout ratio is 2.23%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its stake in shares of United States Steel by 509.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 150,959 shares of the basic materials company’s stock worth $3,781,000 after acquiring an additional 126,171 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of United States Steel during the 4th quarter worth about $74,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of United States Steel by 24.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 592 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of United States Steel by 394.3% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 55,891 shares of the basic materials company’s stock worth $1,399,000 after purchasing an additional 44,583 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of United States Steel by 21.7% during the 4th quarter. Truist Financial Corp now owns 15,549 shares of the basic materials company’s stock worth $390,000 after purchasing an additional 2,776 shares during the last quarter. Hedge funds and other institutional investors own 75.02% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on X shares. Morgan Stanley lifted their target price on United States Steel from $20.00 to $31.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. BMO Capital Markets boosted their price objective on United States Steel from $25.00 to $33.00 and gave the stock a “market perform” rating in a research note on Monday, February 6th. Bank of America initiated coverage on United States Steel in a research note on Wednesday, January 4th. They issued an “underperform” rating on the stock. Finally, The Goldman Sachs Group boosted their price objective on United States Steel from $23.00 to $26.00 and gave the stock a “sell” rating in a research note on Monday, February 6th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $29.29.

United States Steel Company Profile

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United States Steel Corp. engages in the manufacturing and selling of steel products. It operates through the following business segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products. The Flat-Rolled Products segment includes managing steel plants and production facilities that manufacture steel slabs, rounds, strip mill plates, sheets, tin mill, iron ore, and coke.