United States Steel Co. (NYSE:X) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in shares of United States Steel Co. (NYSE:X) by 12.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 29,212 shares of the basic materials company’s stock after selling 4,056 shares during the period. HighTower Advisors LLC’s holdings in United States Steel were worth $993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameliora Wealth Management Ltd. acquired a new stake in shares of United States Steel in the 4th quarter valued at approximately $27,000. ORG Wealth Partners LLC purchased a new position in United States Steel in the fourth quarter worth $30,000. Newbridge Financial Services Group Inc. acquired a new stake in United States Steel in the fourth quarter valued at $34,000. Smithfield Trust Co boosted its position in shares of United States Steel by 903.0% during the 4th quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 903 shares in the last quarter. Finally, Byrne Asset Management LLC grew its stake in shares of United States Steel by 4,680.0% during the 4th quarter. Byrne Asset Management LLC now owns 1,195 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,170 shares during the period. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

X has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a report on Friday, March 7th. Bank of America started coverage on United States Steel in a report on Monday, January 6th. They issued a “neutral” rating and a $35.00 price target on the stock. JPMorgan Chase & Co. raised their price objective on United States Steel from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their target price on United States Steel from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets boosted their price objective on shares of United States Steel from $40.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, United States Steel has a consensus rating of “Moderate Buy” and a consensus target price of $41.32.

United States Steel Trading Up 0.0 %

United States Steel stock opened at $43.01 on Thursday. The stock has a 50-day moving average price of $38.24 and a 200 day moving average price of $37.03. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $43.61. The stock has a market cap of $9.69 billion, a PE ratio of 28.86, a P/E/G ratio of 1.53 and a beta of 1.86. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36.

United States Steel (NYSE:X) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Equities research analysts predict that United States Steel Co. will post 1.43 earnings per share for the current fiscal year.

United States Steel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Monday, February 10th. United States Steel’s dividend payout ratio (DPR) is 13.42%.

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.