D.A. Davidson & CO. Raises Holdings in United States Steel Co. (NYSE:X)

D.A. Davidson & CO. boosted its stake in shares of United States Steel Co. (NYSE:X) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 44,450 shares of the basic materials company’s stock after acquiring an additional 301 shares during the quarter. D.A. Davidson & CO.’s holdings in United States Steel were worth $1,570,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of United States Steel during the 2nd quarter valued at about $26,000. Palouse Capital Management Inc. acquired a new stake in United States Steel in the third quarter valued at approximately $35,000. Gladius Capital Management LP purchased a new stake in shares of United States Steel in the third quarter valued at approximately $39,000. Blue Trust Inc. raised its stake in shares of United States Steel by 339.0% during the 2nd quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after buying an additional 773 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of United States Steel during the 2nd quarter valued at approximately $46,000. 81.92% of the stock is owned by institutional investors and hedge funds.

United States Steel Price Performance

X stock opened at $40.77 on Friday. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The firm has a market capitalization of $9.18 billion, a PE ratio of 26.82 and a beta of 1.86. The business has a 50 day simple moving average of $38.11 and a 200-day simple moving average of $37.92.

United States Steel (NYSE:X) last issued its earnings results on Thursday, October 31st. The basic materials company reported $0.56 earnings per share (EPS) for the quarter, topping 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 return on equity of 6.01% and a net margin of 2.41%. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period last year, the company earned $1.36 EPS. Equities research analysts anticipate that United States Steel Co. will post 2.21 earnings per share for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Monday, November 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.49%. United States Steel’s dividend payout ratio (DPR) is 13.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on X shares. BNP Paribas raised shares of United States Steel from a “neutral” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Friday, September 6th. Jefferies Financial Group reduced their price target on shares of United States Steel from $47.00 to $41.00 and set a “buy” rating for the company in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a research note on Monday, September 9th. Glj Research upgraded United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price objective for the company in a research note on Monday, September 9th. Finally, Morgan Stanley raised their target price on United States Steel from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.80.

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.