Sigma Planning Corp Boosts Position in United States Steel Co. (NYSE:X)

Sigma Planning Corp raised its position in United States Steel Co. (NYSE:X - Free Report) by 68.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,639 shares of the basic materials company's stock after purchasing an additional 9,979 shares during the quarter. Sigma Planning Corp's holdings in United States Steel were worth $837,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of X. Rakuten Securities Inc. boosted its holdings in shares of United States Steel by 9.2% during the third quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company's stock worth $118,000 after acquiring an additional 279 shares during the period. D.A. Davidson & CO. grew its stake in shares of United States Steel by 0.7% in the third quarter. D.A. Davidson & CO. now owns 44,450 shares of the basic materials company's stock worth $1,570,000 after purchasing an additional 301 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of United States Steel by 1.7% in the third quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company's stock worth $658,000 after purchasing an additional 306 shares during the last quarter. Captrust Financial Advisors boosted its position in United States Steel by 4.8% during the third quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock valued at $248,000 after acquiring an additional 321 shares during the last quarter. Finally, Creative Planning boosted its position in United States Steel by 2.0% during the third quarter. Creative Planning now owns 18,340 shares of the basic materials company's stock valued at $648,000 after acquiring an additional 360 shares during the last quarter. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

X has been the topic of a number of analyst reports. Morgan Stanley restated an "equal weight" rating and issued a $39.00 target price on shares of United States Steel in a report on Monday, February 3rd. Bank of America began coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 target price for the company. BMO Capital Markets cut their price objective on shares of United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, December 20th. Jefferies Financial Group cut their price objective on shares of United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lowered their target price on shares of United States Steel from $44.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.82.

United States Steel Price Performance

Shares of X traded up $1.22 during mid-day trading on Friday, reaching $40.17. The stock had a trading volume of 5,577,865 shares, compared to its average volume of 7,439,674. The firm has a market cap of $9.05 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 1.53 and a beta of 1.86. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $48.13. The business has a fifty day moving average of $35.99 and a 200 day moving average of $36.81. 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 (NYSE:X - Get Free Report) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Equities analysts predict that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Monday, February 10th. United States Steel's dividend payout ratio is currently 13.42%.

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.