United States Steel Co. (NYSE:X – Get Free Report) SVP Scott D. Buckiso sold 8,970 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $31.16, for a total value of $279,505.20. Following the completion of the transaction, the senior vice president now directly owns 106,854 shares of the company’s stock, valued at $3,329,570.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
United States Steel Stock Down 0.5 %
X opened at $31.02 on Thursday. United States Steel Co. has a one year low of $17.89 and a one year high of $32.52. The company has a fifty day moving average price of $26.83 and a 200-day moving average price of $25.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.92 and a quick ratio of 1.30. The firm has a market capitalization of $6.92 billion, a P/E ratio of 5.97 and a beta of 2.14.
United States Steel (NYSE:X – Get Free Report) last released its quarterly earnings results on Friday, July 28th. The basic materials company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.06. The business had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $5.11 billion. United States Steel had a net margin of 7.05% and a return on equity of 13.51%. The business’s quarterly revenue was down 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.86 EPS. Equities research analysts expect that United States Steel Co. will post 3.97 earnings per share for the current fiscal year.
United States Steel Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Monday, August 7th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.64%. United States Steel’s payout ratio is 3.85%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on X. BMO Capital Markets lowered their target price on United States Steel from $27.00 to $26.00 in a research note on Monday, July 31st. Morgan Stanley reiterated an “equal weight” rating and issued a $25.00 target price on shares of United States Steel in a research note on Tuesday, August 1st. JPMorgan Chase & Co. cut their price target on United States Steel from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, July 14th. Wolfe Research cut United States Steel from a “peer perform” rating to an “underperform” rating and set a $19.00 price objective on the stock. in a research note on Thursday, June 1st. Finally, BNP Paribas lowered shares of United States Steel from an “outperform” rating to a “neutral” rating and set a $26.00 target price for the company. in a research report on Wednesday, July 5th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, United States Steel currently has an average rating of “Hold” and an average target price of $26.00.
Hedge Funds Weigh In On United States Steel
Hedge funds and other institutional investors have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of United States Steel by 11.2% during the 2nd quarter. Signaturefd LLC now owns 3,921 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 395 shares during the last quarter. Venture Visionary Partners LLC increased its holdings in shares of United States Steel by 6.0% in the second quarter. Venture Visionary Partners LLC now owns 8,859 shares of the basic materials company’s stock worth $222,000 after buying an additional 503 shares during the period. Captrust Financial Advisors lifted its stake in shares of United States Steel by 1.5% in the 2nd quarter. Captrust Financial Advisors now owns 35,254 shares of the basic materials company’s stock valued at $631,000 after acquiring an additional 514 shares during the last quarter. BDO Wealth Advisors LLC grew its position in United States Steel by 0.5% during the 2nd quarter. BDO Wealth Advisors LLC now owns 121,787 shares of the basic materials company’s stock worth $3,046,000 after acquiring an additional 554 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in United States Steel by 24.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,015 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 592 shares during the last quarter. 74.60% of the stock is currently owned by hedge funds and other institutional investors.
United States Steel Company Profile
United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through four segments: North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.