HRT Financial LLC bought a new stake in shares of United States Steel Co. (NYSE:X) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,131 shares of the basic materials company’s stock, valued at approximately $352,000.
A number of other institutional investors have also added to or reduced their stakes in X. Advisors Preferred LLC raised its position in shares of United States Steel by 131.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,074 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 1,747 shares during the period. NuWave Investment Management LLC acquired a new stake in shares of United States Steel in the 2nd quarter valued at approximately $189,000. Syntal Capital Partners LLC acquired a new stake in shares of United States Steel in the 2nd quarter valued at approximately $208,000. Hartford Investment Management Co. acquired a new stake in shares of United States Steel in the 2nd quarter valued at approximately $212,000. Finally, IFP Advisors Inc raised its position in shares of United States Steel by 65.9% in the 1st quarter. IFP Advisors Inc now owns 6,051 shares of the basic materials company’s stock valued at $213,000 after acquiring an additional 2,403 shares during the period. Institutional investors own 68.04% of the company’s stock.
NYSE X opened at $29.13 on Friday. United States Steel Co. has a 52-week low of $23.16 and a 52-week high of $47.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.02. The company has a market cap of $5.29 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 0.64 and a beta of 3.14.
United States Steel (NYSE:X) last posted its earnings results on Wednesday, August 1st. The basic materials company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.33. United States Steel had a return on equity of 18.70% and a net margin of 4.09%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.47 billion. During the same period in the prior year, the business earned $1.07 EPS. United States Steel’s revenue for the quarter was up 14.8% compared to the same quarter last year. sell-side analysts expect that United States Steel Co. will post 5.81 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Investors of record on Thursday, August 9th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.69%. United States Steel’s payout ratio is 10.31%.
A number of brokerages recently weighed in on X. Morgan Stanley downgraded shares of United States Steel from an “overweight” rating to an “underweight” rating and cut their price target for the company from $44.00 to $30.00 in a research report on Monday, August 27th. Zacks Investment Research downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Wednesday, May 30th. ValuEngine downgraded shares of United States Steel from a “buy” rating to a “hold” rating in a research report on Friday, June 8th. Credit Suisse Group cut their price target on shares of United States Steel from $55.00 to $48.00 in a research report on Thursday, August 23rd. Finally, TheStreet upgraded shares of United States Steel from a “c” rating to a “b” rating in a research report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $42.02.
About United States Steel
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.
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