Donald Smith & CO. Inc. grew its stake in United States Steel Co. (NYSE:X - Free Report) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,788,075 shares of the basic materials company's stock after purchasing an additional 68,230 shares during the period. United States Steel comprises approximately 3.9% of Donald Smith & CO. Inc.'s investment portfolio, making the stock its 6th largest holding. Donald Smith & CO. Inc. owned 2.13% of United States Steel worth $162,747,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of United States Steel during the 4th quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new stake in United States Steel in the fourth quarter valued at approximately $30,000. Parkworth Wealth Management Inc. purchased a new stake in shares of United States Steel in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in shares of United States Steel during the 4th quarter worth approximately $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in United States Steel during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 81.92% of the company's stock.
Analyst Ratings Changes
X has been the subject of a number of research analyst reports. Jefferies Financial Group reduced their target price on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. BMO Capital Markets restated a "market perform" rating and issued a $45.00 price objective on shares of United States Steel in a report on Monday, March 31st. JPMorgan Chase & Co. increased their target price on shares of United States Steel from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Bank of America assumed coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price target on the stock. Finally, Morgan Stanley upped their price objective on shares of United States Steel from $39.00 to $43.00 and gave the company an "equal weight" rating in a research note on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, United States Steel has an average rating of "Moderate Buy" and an average price target of $41.32.
View Our Latest Stock Analysis on X
United States Steel Trading Down 1.7 %
United States Steel stock traded down $0.66 during midday trading on Friday, hitting $38.30. 9,264,572 shares of the stock were exchanged, compared to its average volume of 5,191,703. The stock's 50-day simple moving average is $38.93 and its 200 day simple moving average is $37.37. The stock has a market capitalization of $8.67 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.53 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. United States Steel Co. has a fifty-two week low of $26.92 and a fifty-two week high of $44.87.
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 the consensus estimate of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. On average, equities analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.
United States Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.52%. United States Steel's dividend payout ratio (DPR) is currently 13.42%.
About United States Steel
(
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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