FNY Investment Advisers LLC lifted its holdings in shares of United States Steel Co. (NYSE:X – Free Report) by 16,065.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,330 shares of the basic materials company’s stock after purchasing an additional 32,130 shares during the quarter. United States Steel accounts for 1.8% of FNY Investment Advisers LLC’s holdings, making the stock its 12th largest position. FNY Investment Advisers LLC’s holdings in United States Steel were worth $1,572,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Third Point LLC bought a new position in United States Steel in the third quarter valued at approximately $154,280,000. Norges Bank bought a new stake in shares of United States Steel during the fourth quarter worth $61,925,000. First Trust Advisors LP grew its stake in shares of United States Steel by 155.8% during the first quarter. First Trust Advisors LP now owns 3,309,824 shares of the basic materials company’s stock worth $124,913,000 after buying an additional 2,015,980 shares during the last quarter. Laurion Capital Management LP bought a new stake in shares of United States Steel during the third quarter worth $50,912,000. Finally, KGH Ltd grew its stake in shares of United States Steel by 38.6% during the second quarter. KGH Ltd now owns 4,173,769 shares of the basic materials company’s stock worth $104,386,000 after buying an additional 1,163,000 shares during the last quarter. 74.60% of the stock is owned by institutional investors.
United States Steel Price Performance
NYSE X traded down $0.39 on Friday, hitting $39.66. The stock had a trading volume of 2,301,132 shares, compared to its average volume of 6,328,741. United States Steel Co. has a 52-week low of $20.40 and a 52-week high of $50.20. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.76. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 11.30 and a beta of 2.02. The firm has a 50-day moving average of $45.79 and a 200-day moving average of $39.97.
United States Steel (NYSE:X – Get Free Report) last posted its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.46. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. Equities analysts expect that United States Steel Co. will post 3.23 EPS for the current year.
United States Steel Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, February 9th. United States Steel’s payout ratio is 5.70%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on X. BMO Capital Markets cut their price target on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a report on Tuesday, March 19th. StockNews.com began coverage on shares of United States Steel in a report on Wednesday. They set a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of United States Steel in a report on Friday, January 12th. They set a “neutral” rating and a $52.00 price target on the stock. Finally, Morgan Stanley lowered shares of United States Steel from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $40.00 to $51.00 in a report on Thursday, February 15th. One equities research analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $34.89.
United States Steel Profile
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.