T. Rowe Price Investment Management Inc. bought a new stake in United States Steel Co. (NYSE:X - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 798,613 shares of the basic materials company's stock, valued at approximately $27,145,000. T. Rowe Price Investment Management Inc. owned 0.35% of United States Steel at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in United States Steel during the 3rd quarter valued at approximately $59,000. Oddo BHF Asset Management Sas purchased a new stake in shares of United States Steel during the third quarter worth approximately $883,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of United States Steel by 27.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 55,904 shares of the basic materials company's stock worth $1,963,000 after purchasing an additional 11,905 shares during the period. GAMMA Investing LLC grew its position in United States Steel by 50.0% in the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after buying an additional 442 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in United States Steel in the 4th quarter valued at $222,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
Analyst Upgrades and Downgrades
X has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Friday, March 7th. Jefferies Financial Group cut their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Bank of America started coverage on United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 price target on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price objective (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, BMO Capital Markets restated a "market perform" rating and set a $45.00 target price on shares of United States Steel in a research report on Monday, March 31st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $39.94.
View Our Latest Report on X
United States Steel Price Performance
Shares of NYSE X opened at $42.65 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The company's 50-day moving average price is $40.43 and its 200 day moving average price is $38.06. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 1.53 and a beta of 1.79.
United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings data 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%. As a group, research analysts forecast that United States Steel Co. will post 1.43 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, March 12th. Stockholders of record on Monday, February 10th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. United States Steel's dividend payout ratio is currently 13.42%.
United States Steel Profile
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Free Report)
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.
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