On Monday, March 20th, United States Steel Co. (NYSE:X) declared a new position purchased by Dupont Capital Management Corp in its most recent filing with the Securities and Exchange Commission. The institutional investor procured 16,776 shares of the company’s stock at an estimated worth of $420,000. This recent development not only showcases the confidence of institutional investors in US Steel Co., but also sheds light on the health of America’s economy in general.
Furthermore, US Steel Co. recently announced a quarterly dividend payout which was paid on March 14th to shareholders that were recorded before February 13th. Shareholders hit it big with a $0.05 dividend per share, which translates to a fantastic annualized rate of $0.20 – this pegs down to an attractive yield of 0.81%. The divestment date for this distribution was slated for February 10th and highlights their plans for facilitating shareholder wealth.
On another note, Director Andrea J.Ayers acquired about 1,000 shares from United States Steel stock in a transaction involving $31.45 per share; this represented her total value exchanged during the buyout at $31,450.00 while Senior Vice President Richard Fruehauf sold off his own shares – selling about 37,500 from his basket shares at an average price of $31.38 each for roughly $1,176,750.00 There have been many developments in the market since then and although it is prudent to harp on those that will either encourage or discourage investment decisions – we remain confident that US Steel is poised for growth and profitability despite ups and downs encountered along the way.
With news like this come recommendations from various reputable industry players who continue to promote due diligence when making investment decisions in these kinds of stocks; their advice often highlights how crucial it is for people to factor-in current economic realities and work around keeping abreast of happenings in the international political spheres. Furthermore, investors should keep an eye on US trade policies which may affect shares owned in basic materials companies like United States Steel Co. That said, shareholders can bask and take pride in the fact that United States Steel Co. continues to affirm its footing as one of USA’s foremost basic raw steel material manufacturers – of course, this is a positive signal to potential investors looking for long-term investment vehicles.
United States Steel Co. Sees Mixed Reviews and Institutional Investors Increase Stakes Amid Impressive Quarterly Earnings
United States Steel Co. (NYSE:X) has been in the news lately, thanks to a series of interesting developments. Institutional investors have been adding to or reducing their stakes in X, with Greenleaf Trust purchasing a new stake worth $232,000 and Maryland State Retirement & Pension System doing the same for $486,000. These institutional investors now own 75.02% of the company’s stock.
Several research analysts have also weighed in on United States Steel recently, with Morgan Stanley boosting its price target to $31.00 and giving the stock an “equal weight” rating. The Goldman Sachs Group has raised its price target from $23.00 to $26.00 and given X a “sell” rating, while Bank of America is calling it an “underperform.” StockNews.com and BMO Capital Markets, meanwhile, have called it a “hold,” with BMO going so far as to raise its target price from $25.00 to $33.00.
On Tuesday, March 14th, United States Steel declared a quarterly dividend of $0.05 per share and issued payment to shareholders of record as of Monday, February 13th; the ex-dividend date had been Friday, February 10th this year. This represents an annualized dividend of $0.20 and a yield of 0.81%, while the company’s payout ratio currently stands at 2.23%.
United States Steel began this week with an opening price of $24:80 on Monday morning; over the past few weeks its moving averages have been sitting at around $27:59 (50 day period) and $25:10 (200 day period). The company has a current ratio of 1:99 and quick ratio of 1:39 as well as market capitalization amounting to approximately $5:63 billion – they also hold a P/E Ratio of 2.76 and a Beta of 2:14. Over the past 12 months, X has traded as low as $16:41 and as high as $38:61.
The basic materials company reported impressive earnings results for the last quarter, with their earnings per share amounting to $0.87 – beating the consensus estimate by $0.27 at least – despite quarterly revenues being down some 22.8% year-by-year, earning impressive revenues of $4.34 billion approximately ($0.3 billion over consensus estimates). United States Steel’s net income margin stands solidly at 11.98%, while the company has a return on equity rate of around 26:75%. Overall it looks like United States Steel Co is set for an interesting year ahead within the financial markets arena; we wait for further details to be announced soon which could uncover what could potentially turn out to be either great opportunities, or grave threats concerning X’s developments during this season in finance.
