United States Steel Co. (NYSE:X) shares hit a new 52-week high during trading on Friday . The company traded as high as $44.75 and last traded at $44.75, with a volume of 38939494 shares trading hands. The stock had previously closed at $38.99.
A number of research analysts have commented on the company. BMO Capital Markets boosted their target price on United States Steel from $29.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, November 2nd. Cowen raised United States Steel from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $20.00 to $28.00 in a research report on Thursday, November 2nd. ValuEngine cut United States Steel from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Bank of America set a $46.00 price target on United States Steel and gave the stock a “buy” rating in a research report on Monday, January 8th. Finally, Longbow Research raised United States Steel from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. United States Steel has a consensus rating of “Hold” and a consensus price target of $32.47.
The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.11. The stock has a market capitalization of $7,830.00, a PE ratio of 20.53, a price-to-earnings-growth ratio of 1.23 and a beta of 3.08.
United States Steel (NYSE:X) last posted its quarterly earnings data on Wednesday, January 31st. The basic materials company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. United States Steel had a return on equity of 12.56% and a net margin of 3.16%. The business had revenue of $3.13 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. equities research analysts predict that United States Steel Co. will post 3.98 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 9th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. United States Steel’s dividend payout ratio is presently 9.17%.
In related news, VP Colleen M. Darragh sold 1,060 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $37.85, for a total transaction of $40,121.00. Following the completion of the transaction, the vice president now owns 18,076 shares of the company’s stock, valued at approximately $684,176.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Colleen M. Darragh sold 9,700 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $30.00, for a total value of $291,000.00. Following the transaction, the vice president now directly owns 19,136 shares of the company’s stock, valued at approximately $574,080. The disclosure for this sale can be found here. Insiders have sold a total of 128,706 shares of company stock valued at $4,653,456 in the last three months. 1.00% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Banco de Sabadell S.A acquired a new position in United States Steel in the 4th quarter valued at approximately $100,000. Enterprise Financial Services Corp acquired a new position in United States Steel in the 3rd quarter valued at approximately $120,000. We Are One Seven LLC acquired a new position in United States Steel in the 4th quarter valued at approximately $132,000. CoreCommodity Management LLC acquired a new position in United States Steel in the 4th quarter valued at approximately $152,000. Finally, US Bancorp DE raised its holdings in United States Steel by 81.2% in the 4th quarter. US Bancorp DE now owns 4,563 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 2,045 shares in the last quarter. 64.31% of the stock is owned by institutional investors and hedge funds.
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United States Steel Company 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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