Blue Trust Inc. Purchases 773 Shares of United States Steel Co. (NYSE:X)

Blue Trust Inc. boosted its position in United States Steel Co. (NYSE:X) by 339.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,001 shares of the basic materials company’s stock after acquiring an additional 773 shares during the period. Blue Trust Inc.’s holdings in United States Steel were worth $41,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of United States Steel during the fourth quarter worth about $25,000. Byrne Asset Management LLC increased its holdings in United States Steel by 1,140.0% during the 1st quarter. Byrne Asset Management LLC now owns 620 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 570 shares in the last quarter. Riverview Trust Co purchased a new stake in shares of United States Steel in the first quarter worth approximately $29,000. GAMMA Investing LLC bought a new position in shares of United States Steel in the fourth quarter valued at approximately $33,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of United States Steel during the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 81.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Morgan Stanley raised their price objective on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group initiated coverage on shares of United States Steel in a research report on Monday, May 20th. They issued a “buy” rating and a $45.00 price objective for the company. StockNews.com initiated coverage on shares of United States Steel in a research note on Monday, August 19th. They issued a “hold” rating for the company. JPMorgan Chase & Co. cut their target price on United States Steel from $43.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Finally, BMO Capital Markets raised United States Steel from a “market perform” rating to an “outperform” rating and increased their price target for the company from $43.00 to $45.00 in a research report on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.13.

United States Steel Stock Performance

Shares of X opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.14. The firm has a market cap of $8.36 billion, a PE ratio of 10.89 and a beta of 1.93. United States Steel Co. has a 1 year low of $29.84 and a 1 year high of $50.20. The stock’s fifty day moving average price is $39.03 and its two-hundred day moving average price is $40.23.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $4.01 billion. United States Steel had a return on equity of 7.93% and a net margin of 3.40%. The firm’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.92 EPS. On average, equities research analysts forecast that United States Steel Co. will post 2.38 EPS for the current year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Monday, August 12th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Monday, August 12th. United States Steel’s dividend payout ratio (DPR) is presently 5.87%.

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.