United States Steel Co. (NYSE:X) Position Boosted by Strs Ohio

Strs Ohio lifted its stake in shares of United States Steel Co. (NYSE:X) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 34,326 shares of the basic materials company’s stock after buying an additional 3,879 shares during the quarter. Strs Ohio’s holdings in United States Steel were worth $1,669,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Third Point LLC acquired a new stake in United States Steel during the third quarter worth about $154,280,000. KGH Ltd raised its stake in United States Steel by 7.5% during the third quarter. KGH Ltd now owns 4,488,769 shares of the basic materials company’s stock worth $145,795,000 after acquiring an additional 315,000 shares during the period. First Trust Advisors LP raised its stake in United States Steel by 155.8% during the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock worth $124,913,000 after acquiring an additional 2,015,980 shares during the period. AQR Capital Management LLC raised its stake in United States Steel by 14.1% during the first quarter. AQR Capital Management LLC now owns 3,305,951 shares of the basic materials company’s stock worth $86,285,000 after acquiring an additional 409,293 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its stake in United States Steel by 6.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 2,618,678 shares of the basic materials company’s stock worth $47,450,000 after acquiring an additional 162,634 shares during the period. Institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

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

United States Steel Trading Down 0.9 %

United States Steel stock opened at $38.59 on Friday. The firm has a 50 day simple moving average of $43.25 and a 200-day simple moving average of $41.23. 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 stock has a market capitalization of $8.68 billion, a PE ratio of 10.99 and a beta of 2.00. United States Steel Co. has a 12-month low of $20.40 and a 12-month high of $50.20.

United States Steel (NYSE:X) last posted its quarterly earnings data on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.46. The business had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. As a group, equities research analysts expect that United States Steel Co. will post 3.18 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Monday, February 12th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 9th. United States Steel’s payout ratio is 5.70%.

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.