D.A. Davidson & CO. Sells 11,030 Shares of United States Steel Co. (NYSE:X)

D.A. Davidson & CO. cut its holdings in United States Steel Co. (NYSE:X) by 24.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,420 shares of the basic materials company’s stock after selling 11,030 shares during the period. D.A. Davidson & CO.’s holdings in United States Steel were worth $1,136,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Ameliora Wealth Management Ltd. bought a new stake in United States Steel in the fourth quarter worth $27,000. ORG Wealth Partners LLC purchased a new stake in shares of United States Steel in the fourth quarter valued at $30,000. Newbridge Financial Services Group Inc. bought a new stake in shares of United States Steel in the 4th quarter worth about $34,000. Gladius Capital Management LP purchased a new position in shares of United States Steel during the 3rd quarter worth about $39,000. Finally, Byrne Asset Management LLC grew its holdings in 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 valued at $41,000 after purchasing an additional 1,170 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

X has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of United States Steel from $44.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Bank of America began coverage on United States Steel in a research note on Monday, January 6th. They set a “neutral” rating and a $35.00 price target for the company. BMO Capital Markets dropped their price objective on United States Steel from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Friday, December 20th. Morgan Stanley reiterated an “equal weight” rating and issued a $39.00 target price on shares of United States Steel in a research note on Monday, February 3rd. Finally, Jefferies Financial Group lowered their target price on shares of United States Steel from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $39.82.

United States Steel Trading Down 2.6 %

Shares of NYSE X opened at $36.93 on Monday. United States Steel Co. has a twelve month low of $26.92 and a twelve month high of $48.13. The firm has a market cap of $8.32 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86. The business has a fifty day simple moving average of $35.28 and a two-hundred day simple moving average of $36.88. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

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

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Monday, February 10th will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, February 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.54%. United States Steel’s payout ratio is presently 13.42%.

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.