Stephens Inc. AR Invests $269,000 in United States Steel Co. (NYSE:X)

Stephens Inc. AR bought a new position in shares of United States Steel Co. (NYSE:X) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,602 shares of the basic materials company’s stock, valued at approximately $269,000.

A number of other large investors also recently modified their holdings of the stock. Water Island Capital LLC lifted its holdings in United States Steel by 5.3% in the second quarter. Water Island Capital LLC now owns 906,092 shares of the basic materials company’s stock valued at $34,250,000 after buying an additional 45,567 shares during the period. KGH Ltd lifted its holdings in United States Steel by 68.2% in the second quarter. KGH Ltd now owns 4,255,000 shares of the basic materials company’s stock valued at $160,839,000 after buying an additional 1,724,670 shares during the period. Janus Henderson Group PLC lifted its holdings in United States Steel by 94.3% in the first quarter. Janus Henderson Group PLC now owns 211,043 shares of the basic materials company’s stock valued at $8,601,000 after buying an additional 102,450 shares during the period. Gamco Investors INC. ET AL lifted its holdings in United States Steel by 146.4% in the first quarter. Gamco Investors INC. ET AL now owns 26,000 shares of the basic materials company’s stock valued at $1,060,000 after buying an additional 15,450 shares during the period. Finally, CWM LLC lifted its holdings in United States Steel by 54.5% in the second quarter. CWM LLC now owns 3,856 shares of the basic materials company’s stock valued at $146,000 after buying an additional 1,360 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of United States Steel in a report on Monday, August 19th. They issued a “hold” rating on the stock. JPMorgan Chase & Co. upgraded shares of United States Steel from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $42.00 in a report on Monday, September 9th. BMO Capital Markets cut their target price on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group cut their target price on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Thursday, September 5th. Finally, Glj Research upgraded shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 target price on the stock in a report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, United States Steel presently has an average rating of “Moderate Buy” and an average target price of $42.80.

United States Steel Stock Down 0.8 %

Shares of X stock opened at $41.99 on Friday. The firm has a fifty day moving average of $36.72 and a 200-day moving average of $37.74. The company has a quick ratio of 1.08, a current ratio of 1.67 and a debt-to-equity ratio of 0.35. United States Steel Co. has a 12-month low of $26.92 and a 12-month high of $50.20. The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.63 and a beta of 1.86.

United States Steel (NYSE:X) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.77 billion. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The firm’s revenue for the quarter was down 13.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.36 earnings per share. As a group, equities research analysts predict that United States Steel Co. will post 2.17 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 Wednesday, December 11th. Shareholders of record on Monday, November 11th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel’s dividend payout ratio is currently 13.16%.

United States Steel Company 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.