United States Steel Co. (NYSE:X) Stock Position Lifted by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its stake in shares of United States Steel Co. (NYSE:X) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,513,531 shares of the basic materials company’s stock after purchasing an additional 447,186 shares during the quarter. United States Steel makes up about 5.6% of Donald Smith & CO. Inc.’s holdings, making the stock its 2nd biggest holding. Donald Smith & CO. Inc. owned about 2.02% of United States Steel worth $219,583,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in shares of United States Steel by 181.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock valued at $32,000 after buying an additional 635 shares in the last quarter. GAMMA Investing LLC bought a new position in United States Steel in the 4th quarter worth about $33,000. Fifth Third Bancorp boosted its stake in United States Steel by 60.8% in the 3rd quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 480 shares in the last quarter. Rakuten Securities Inc. bought a new position in United States Steel in the 4th quarter worth about $53,000. Finally, Trust Co. of Vermont bought a new position in United States Steel in the 3rd quarter worth about $65,000. 81.92% of the stock is owned by hedge funds and other institutional investors.

United States Steel Stock Performance

United States Steel stock traded down $0.44 during midday trading on Monday, hitting $36.98. The stock had a trading volume of 2,431,656 shares, compared to its average volume of 4,636,803. The firm’s fifty day moving average is $42.44 and its two-hundred day moving average is $41.45. The company has a market capitalization of $8.31 billion, a PE ratio of 10.66 and a beta of 2.01. United States Steel Co. has a 52-week low of $20.40 and a 52-week high of $50.20. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37.

United States Steel (NYSE:X) last released its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.46. The company had revenue of $4.14 billion during the quarter, compared to analyst estimates of $3.73 billion. United States Steel had a net margin of 4.96% and a return on equity of 10.80%. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 EPS. On average, research analysts forecast that United States Steel Co. will post 2.99 EPS for the current year.

United States Steel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Monday, February 12th were paid a $0.05 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $0.20 annualized dividend and a yield of 0.54%. United States Steel’s payout ratio is 5.70%.

Analyst Ratings Changes

A number of brokerages recently issued reports on X. StockNews.com began coverage on shares of United States Steel in a research note on Monday. They issued a “hold” rating on the stock. JPMorgan Chase & Co. initiated coverage on United States Steel in a research report on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price for the company. Morgan Stanley lowered United States Steel from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $40.00 to $51.00 in a research report on Thursday, February 15th. Wolfe Research raised 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. Finally, BMO Capital Markets decreased their target price on 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. Nine analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $37.89.

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.