United States Steel Co. (NYSE:X) is Donald Smith & CO. Inc.'s 7th Largest Position

Donald Smith & CO. Inc. raised its holdings in United States Steel Co. (NYSE:X - Free Report) by 7.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,719,845 shares of the basic materials company's stock after purchasing an additional 326,876 shares during the quarter. United States Steel accounts for 3.9% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 7th largest position. Donald Smith & CO. Inc. owned approximately 2.10% of United States Steel worth $166,752,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue grew its position in shares of United States Steel by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 26,036 shares of the basic materials company's stock valued at $919,000 after acquiring an additional 1,760 shares during the period. Arkadios Wealth Advisors grew its holdings in United States Steel by 1.7% during the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock valued at $658,000 after purchasing an additional 306 shares during the period. International Assets Investment Management LLC increased its position in United States Steel by 4,445.5% in the third quarter. International Assets Investment Management LLC now owns 571,326 shares of the basic materials company's stock worth $20,185,000 after buying an additional 558,757 shares during the last quarter. Jade Capital Advisors LLC raised its stake in shares of United States Steel by 50.0% in the third quarter. Jade Capital Advisors LLC now owns 15,000 shares of the basic materials company's stock valued at $530,000 after buying an additional 5,000 shares during the period. Finally, Palouse Capital Management Inc. purchased a new position in shares of United States Steel during the 3rd quarter valued at $35,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Trading Up 0.1 %

X stock traded up $0.05 during midday trading on Wednesday, hitting $39.51. The company had a trading volume of 2,414,625 shares, compared to its average volume of 4,351,492. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 17.62 and a beta of 1.87. The stock's 50 day moving average price is $36.47 and its 200 day moving average price is $37.70.

United States Steel (NYSE:X - Get Free Report) last posted its earnings results on Thursday, August 1st. The basic materials company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.12. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $4.01 billion. United States Steel had a net margin of 3.40% and a return on equity of 7.93%. United States Steel's revenue for the quarter was down 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.92 earnings per share. As a group, equities research analysts expect that United States Steel Co. will post 2.17 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Monday, August 12th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.20 annualized dividend and a yield of 0.51%. United States Steel's dividend payout ratio (DPR) is presently 8.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on X shares. Glj Research upgraded shares of United States Steel from a "sell" rating to a "buy" rating and set a $38.57 price objective for the company in a research note on Monday, September 9th. Jefferies Financial Group lowered their price target on shares of United States Steel from $47.00 to $41.00 and set a "buy" rating on the stock in a report on Thursday, September 5th. StockNews.com started coverage on shares of United States Steel in a research note on Monday, August 19th. They set a "hold" rating for the company. JPMorgan Chase & Co. upgraded shares of United States Steel from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $40.00 to $42.00 in a research note on Monday, September 9th. Finally, Morgan Stanley boosted their price target on shares of United States Steel from $48.00 to $49.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, United States Steel currently has an average rating of "Moderate Buy" and a consensus target price of $40.62.

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.