California State Teachers Retirement System boosted its stake in shares of United States Steel Co. (NYSE:X) by 0.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 302,575 shares of the basic materials company’s stock after acquiring an additional 2,233 shares during the quarter. California State Teachers Retirement System’s holdings in United States Steel were worth $10,648,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Oakbrook Investments LLC boosted its stake in shares of United States Steel by 14.0% in the fourth quarter. Oakbrook Investments LLC now owns 12,600 shares of the basic materials company’s stock valued at $443,000 after purchasing an additional 1,550 shares during the period. Advisor Group Inc. boosted its stake in shares of United States Steel by 11.8% in the fourth quarter. Advisor Group Inc. now owns 17,228 shares of the basic materials company’s stock valued at $606,000 after purchasing an additional 1,822 shares during the period. Amalgamated Bank boosted its stake in shares of United States Steel by 6.0% in the fourth quarter. Amalgamated Bank now owns 35,238 shares of the basic materials company’s stock valued at $1,240,000 after purchasing an additional 2,001 shares during the period. US Bancorp DE boosted its stake in shares of United States Steel by 81.2% in the fourth quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after purchasing an additional 2,045 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of United States Steel by 32.2% in the third quarter. Advisors Asset Management Inc. now owns 8,813 shares of the basic materials company’s stock valued at $226,000 after purchasing an additional 2,148 shares during the period. 68.26% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. Bank of America downgraded shares of United States Steel from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a research note on Friday, March 2nd. JPMorgan Chase & Co. lifted their price target on shares of United States Steel from $48.00 to $69.00 in a research note on Friday, March 9th. Argus reiterated a “buy” rating and issued a $52.00 price target (up previously from $41.00) on shares of United States Steel in a research note on Wednesday, February 21st. ValuEngine upgraded shares of United States Steel from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Finally, Vertical Group downgraded shares of United States Steel from a “hold” rating to a “sell” rating in a research note on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. United States Steel presently has an average rating of “Hold” and a consensus target price of $37.57.
Shares of United States Steel stock opened at $33.94 on Friday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 0.81. United States Steel Co. has a 1-year low of $18.55 and a 1-year high of $47.64. The firm has a market cap of $6,067.97, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 0.97 and a beta of 2.79.
United States Steel (NYSE:X) last released its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. United States Steel had a net margin of 3.16% and a return on equity of 12.56%. The company had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter last year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. sell-side analysts expect that United States Steel Co. will post 4.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 9th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.20 dividend on an annualized basis and a yield of 0.59%. United States Steel’s payout ratio is currently 9.17%.
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United States Steel Profile
United States Steel Corporation is an integrated steel producer. The Company is engaged in producing flat-rolled and tubular products with production operations in North America and Europe. The Company operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE) and Tubular Products (Tubular).
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