Towerview LLC Purchases 10,000 Shares of United States Steel Co. (NYSE:X)

Towerview LLC increased its position in shares of United States Steel Co. (NYSE:X) by 18.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,000 shares of the basic materials company’s stock after buying an additional 10,000 shares during the period. United States Steel accounts for approximately 1.5% of Towerview LLC’s holdings, making the stock its 12th biggest position. Towerview LLC’s holdings in United States Steel were worth $2,296,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of United States Steel by 0.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,880 shares of the basic materials company’s stock worth $1,016,000 after acquiring an additional 241 shares during the period. Rakuten Securities Inc. lifted its holdings in shares of United States Steel by 9.2% during the 3rd quarter. Rakuten Securities Inc. now owns 3,328 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 279 shares during the period. Founders Capital Management lifted its holdings in shares of United States Steel by 9.4% during the 3rd quarter. Founders Capital Management now owns 3,500 shares of the basic materials company’s stock worth $124,000 after acquiring an additional 300 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of United States Steel by 1.7% during the 3rd quarter. Arkadios Wealth Advisors now owns 18,635 shares of the basic materials company’s stock worth $658,000 after acquiring an additional 306 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of United States Steel by 4.1% during the 2nd quarter. Diversified Trust Co now owns 8,715 shares of the basic materials company’s stock worth $329,000 after acquiring an additional 342 shares during the period. 81.92% of the stock is owned by institutional investors.

United States Steel Trading Down 0.5 %

United States Steel stock traded down $0.19 during midday trading on Thursday, hitting $37.62. 978,715 shares of the stock were exchanged, compared to its average volume of 4,391,793. The company has a fifty day simple moving average of $37.09 and a two-hundred day simple moving average of $37.80. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $50.20. The stock has a market capitalization of $8.47 billion, a PE ratio of 24.34 and a beta of 1.86. 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 (NYSE:X) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter last year, the firm earned $1.36 EPS. United States Steel’s quarterly revenue was down 13.0% compared to the same quarter last year. Equities research analysts anticipate that United States Steel Co. will post 2.21 EPS for the current fiscal year.

United States Steel Announces Dividend

The business 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 0.53%. The ex-dividend date of this dividend is Friday, November 8th. United States Steel’s payout ratio is currently 13.16%.

Analyst Ratings Changes

Several brokerages recently issued reports on X. StockNews.com began coverage on shares of United States Steel in a report on Monday, August 19th. They set a “hold” rating for the company. BMO Capital Markets cut their price target on shares of United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Jefferies Financial Group cut 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 report on Thursday, September 5th. Glj Research raised shares of United States Steel from a “sell” rating to a “buy” rating and set a $38.57 price target for the company in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $42.00 in a report on Monday, September 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $42.80.

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.