Mitsubishi UFJ Trust & Banking Corp purchased a new position in United States Steel Co. (NYSE:X – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,221 shares of the basic materials company’s stock, valued at approximately $241,000.
Other hedge funds have also recently made changes to their positions in the company. Two Sigma Advisers LP lifted its stake in United States Steel by 15.1% in the fourth quarter. Two Sigma Advisers LP now owns 4,479,700 shares of the basic materials company’s stock worth $112,216,000 after acquiring an additional 589,200 shares during the period. Donald Smith & CO. Inc. lifted its stake in United States Steel by 34.8% in the fourth quarter. Donald Smith & CO. Inc. now owns 3,561,945 shares of the basic materials company’s stock worth $89,227,000 after acquiring an additional 920,120 shares during the period. Geode Capital Management LLC lifted its stake in United States Steel by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 3,423,901 shares of the basic materials company’s stock worth $87,172,000 after acquiring an additional 44,162 shares during the period. First Trust Advisors LP lifted its stake in United States Steel by 155.8% in 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. Finally, AQR Capital Management LLC lifted its stake in United States Steel by 22.9% in the fourth quarter. AQR Capital Management LLC now owns 2,896,658 shares of the basic materials company’s stock worth $72,561,000 after acquiring an additional 539,880 shares during the period. 72.72% of the stock is currently owned by institutional investors.
United States Steel Stock Performance
Shares of United States Steel stock opened at $30.29 on Friday. The firm has a market capitalization of $6.75 billion, a P/E ratio of 5.83 and a beta of 2.15. The company has a quick ratio of 1.30, a current ratio of 1.92 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.23. United States Steel Co. has a 52 week low of $17.89 and a 52 week high of $32.52.
United States Steel (NYSE:X – Get Free Report) last announced its quarterly earnings data on Friday, July 28th. The basic materials company reported $1.92 EPS for the quarter, beating the consensus estimate of $1.86 by $0.06. The firm had revenue of $5.01 billion during the quarter, compared to analyst estimates of $5.11 billion. United States Steel had a net margin of 7.05% and a return on equity of 13.51%. United States Steel’s revenue was down 20.4% on a year-over-year basis. During the same period last year, the firm posted $3.86 EPS. Sell-side analysts expect that United States Steel Co. will post 4.02 EPS for the current year.
United States Steel Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Friday, August 4th. United States Steel’s dividend payout ratio is presently 3.85%.
Analyst Upgrades and Downgrades
X has been the subject of several analyst reports. BMO Capital Markets decreased their price target on shares of United States Steel from $27.00 to $26.00 in a research report on Monday, July 31st. Wolfe Research lowered shares of United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 price target for the company. in a research report on Thursday, June 1st. UBS Group decreased their price target on shares of United States Steel from $27.00 to $25.00 in a research report on Friday, May 5th. StockNews.com initiated coverage on shares of United States Steel in a research report on Friday. They set a “hold” rating for the company. Finally, Morgan Stanley reissued an “equal weight” rating and set a $25.00 price target on shares of United States Steel in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $26.00.
Check Out Our Latest Research Report on X
Insiders Place Their Bets
In other United States Steel news, VP James E. Bruno sold 58,812 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $32.00, for a total transaction of $1,881,984.00. Following the completion of the transaction, the vice president now directly owns 56,548 shares of the company’s stock, valued at approximately $1,809,536. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Duane D. Holloway sold 23,406 shares of United States Steel stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $31.00, for a total transaction of $725,586.00. Following the completion of the transaction, the senior vice president now directly owns 105,800 shares of the company’s stock, valued at approximately $3,279,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP James E. Bruno sold 58,812 shares of United States Steel stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $32.00, for a total transaction of $1,881,984.00. Following the transaction, the vice president now directly owns 56,548 shares of the company’s stock, valued at $1,809,536. The disclosure for this sale can be found here. 0.98% of the stock is currently owned by insiders.
United States Steel Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.
See Also
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