California State Teachers Retirement System cut its position in shares of United States Steel Co. (NYSE:X - Free Report) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 210,353 shares of the basic materials company's stock after selling 6,729 shares during the quarter. California State Teachers Retirement System owned 0.09% of United States Steel worth $7,150,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of United States Steel by 25.8% in the fourth quarter. SG Americas Securities LLC now owns 4,575 shares of the basic materials company's stock valued at $156,000 after purchasing an additional 937 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of United States Steel by 153.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,201 shares of the basic materials company's stock valued at $517,000 after buying an additional 9,210 shares during the period. Blue Trust Inc. lifted its position in United States Steel by 36.6% during the fourth quarter. Blue Trust Inc. now owns 3,781 shares of the basic materials company's stock worth $134,000 after purchasing an additional 1,014 shares during the period. KBC Group NV lifted its holdings in shares of United States Steel by 57.6% in the fourth quarter. KBC Group NV now owns 8,796 shares of the basic materials company's stock worth $299,000 after acquiring an additional 3,216 shares during the last quarter. Finally, Heck Capital Advisors LLC bought a new position in United States Steel in the fourth quarter valued at about $554,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.
United States Steel Stock Performance
United States Steel stock traded down $0.01 during trading hours on Wednesday, hitting $53.75. The company had a trading volume of 4,231,855 shares, compared to its average volume of 6,195,815. The firm has a 50-day moving average of $44.07 and a 200 day moving average of $39.45. The firm has a market cap of $12.17 billion, a PE ratio of 36.07, a PEG ratio of 1.53 and a beta of 1.82. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel Co. has a one year low of $26.92 and a one year high of $54.03.
United States Steel (NYSE:X - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported ($0.39) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The company had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.54 billion. During the same period last year, the firm earned $0.82 earnings per share. United States Steel's revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts expect that United States Steel Co. will post 1.43 earnings per share for the current year.
United States Steel Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Monday, May 12th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Monday, May 12th. United States Steel's payout ratio is currently 68.97%.
Analysts Set New Price Targets
Several research firms have weighed in on X. Morgan Stanley boosted their price objective on United States Steel from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Jefferies Financial Group reiterated a "hold" rating and set a $55.00 price target (up previously from $50.00) on shares of United States Steel in a research report on Tuesday, May 27th. JPMorgan Chase & Co. boosted their price target on shares of United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday. Glj Research lowered United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, May 30th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of United States Steel in a research note on Tuesday, May 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.80.
Get Our Latest Analysis on United States Steel
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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