Gerdau S.A. (NYSE:GGB) Stake Boosted by Kathmere Capital Management LLC

Kathmere Capital Management LLC grew its stake in shares of Gerdau S.A. (NYSE:GGB) by 20.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,537 shares of the basic materials company’s stock after purchasing an additional 14,756 shares during the quarter. Kathmere Capital Management LLC’s holdings in Gerdau were worth $292,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Ballentine Partners LLC bought a new position in shares of Gerdau during the first quarter valued at approximately $44,000. Insight 2811 Inc. bought a new position in shares of Gerdau during the second quarter valued at approximately $36,000. Wedbush Securities Inc. bought a new position in shares of Gerdau during the second quarter valued at approximately $38,000. Prosperity Consulting Group LLC bought a new position in shares of Gerdau during the first quarter valued at approximately $53,000. Finally, KCM Investment Advisors LLC bought a new position in shares of Gerdau during the first quarter valued at approximately $54,000. 1.49% of the stock is owned by institutional investors.

Gerdau Stock Performance

Shares of GGB stock opened at $3.48 on Friday. Gerdau S.A. has a 12-month low of $2.92 and a 12-month high of $4.21. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 5.70 and a beta of 1.74. The business has a 50 day simple moving average of $3.25 and a 200 day simple moving average of $3.39. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.83 and a quick ratio of 1.36.

Gerdau (NYSE:GGB) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Gerdau had a return on equity of 8.43% and a net margin of 7.88%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. On average, equities research analysts anticipate that Gerdau S.A. will post 0.53 EPS for the current year.

Gerdau Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Tuesday, August 13th were issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 6.32%. This is a positive change from Gerdau’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, August 13th. Gerdau’s dividend payout ratio is 13.11%.

Gerdau Profile

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.