Teachers Retirement System of The State of Kentucky Has $3.69 Million Stock Position in United States Steel Co. (NYSE:X)

Teachers Retirement System of The State of Kentucky lowered its holdings in United States Steel Co. (NYSE:X) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,820 shares of the basic materials company’s stock after selling 3,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in United States Steel were worth $3,689,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of X. Third Point LLC bought a new stake in shares of United States Steel in the 3rd quarter worth approximately $154,280,000. Norges Bank bought a new stake in shares of United States Steel in the 4th quarter worth approximately $200,952,000. KRYGER CAPITAL Ltd bought a new position in shares of United States Steel during the 4th quarter worth approximately $95,529,000. Laurion Capital Management LP acquired a new stake in United States Steel in the 3rd quarter valued at $50,912,000. Finally, Segantii Capital Management Ltd bought a new stake in United States Steel in the fourth quarter valued at $68,840,000. Institutional investors own 81.92% of the company’s stock.

United States Steel Stock Up 0.5 %

United States Steel stock opened at $37.07 on Wednesday. The company’s 50 day simple moving average is $37.86 and its 200 day simple moving average is $42.33. United States Steel Co. has a fifty-two week low of $22.26 and a fifty-two week high of $50.20. The firm has a market capitalization of $8.34 billion, a price-to-earnings ratio of 10.87 and a beta of 2.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.71 and a quick ratio of 1.14.

United States Steel (NYSE:X) last released its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. United States Steel had a net margin of 4.89% and a return on equity of 10.61%. The business had revenue of $4.16 billion for the quarter, compared to analyst estimates of $4.22 billion. As a group, sell-side analysts anticipate that United States Steel Co. will post 2.72 EPS for the current year.

United States Steel Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Monday, May 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, May 10th. United States Steel’s payout ratio is currently 5.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on X shares. StockNews.com started coverage on shares of United States Steel in a research report on Sunday. They set a “hold” rating for the company. Morgan Stanley upgraded shares of United States Steel from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $51.00 to $48.00 in a research report on Monday, May 6th. Wolfe Research upgraded shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 target price for the company in a research report on Tuesday, April 9th. Jefferies Financial Group started coverage on shares of United States Steel in a research report on Monday, May 20th. They set a “buy” rating and a $45.00 target price for the company. Finally, BMO Capital Markets dropped their target price on shares of United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, United States Steel has an average rating of “Hold” and an average price target of $38.78.

About United States Steel

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.