United States Steel Co. (NYSE:X) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors grew its holdings in United States Steel Co. (NYSE:X) by 24.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,744 shares of the basic materials company’s stock after buying an additional 1,732 shares during the period. Captrust Financial Advisors’ holdings in United States Steel were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. ARS Investment Partners LLC purchased a new stake in shares of United States Steel in the fourth quarter valued at about $15,510,000. Stifel Financial Corp grew its holdings in shares of United States Steel by 98.4% in the fourth quarter. Stifel Financial Corp now owns 44,682 shares of the basic materials company’s stock valued at $1,519,000 after purchasing an additional 22,161 shares during the period. Heck Capital Advisors LLC purchased a new position in United States Steel during the fourth quarter worth about $554,000. Raymond James Financial Inc. purchased a new position in United States Steel during the fourth quarter worth about $2,844,000. Finally, Hartree Partners LP boosted its stake in United States Steel by 140.9% during the fourth quarter. Hartree Partners LP now owns 257,606 shares of the basic materials company’s stock worth $8,756,000 after buying an additional 150,669 shares during the period. Hedge funds and other institutional investors own 81.92% of the company’s stock.

United States Steel Trading Down 1.1%

NYSE X opened at $41.16 on Wednesday. The firm has a 50 day simple moving average of $41.93 and a 200-day simple moving average of $38.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. United States Steel Co. has a one year low of $26.92 and a one year high of $46.18. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 1.53 and a beta of 1.82.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.04). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the previous year, the business posted $0.82 EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel’s payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of United States Steel from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. BMO Capital Markets reaffirmed a “market perform” rating and set a $45.00 target price on shares of United States Steel in a research note on Monday, March 31st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $38.00 target price (down previously from $43.00) on shares of United States Steel in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.