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

Donald Smith & CO. Inc. increased its holdings in shares of United States Steel Co. (NYSE:X) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,788,075 shares of the basic materials company’s stock after acquiring an additional 68,230 shares during the period. United States Steel makes up approximately 3.9% of Donald Smith & CO. Inc.’s portfolio, making the stock its 6th biggest holding. Donald Smith & CO. Inc. owned 2.13% of United States Steel worth $162,747,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of X. Ameliora Wealth Management Ltd. purchased a new stake in shares of United States Steel during the 4th quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in United States Steel during the fourth quarter worth $30,000. Parkworth Wealth Management Inc. purchased a new stake in United States Steel during the fourth quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in United States Steel in the fourth quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of United States Steel in the fourth quarter valued at $34,000. Hedge funds and other institutional investors own 81.92% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of 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 dropped their price objective 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. Bank of America started coverage on United States Steel in a research note on Monday, January 6th. They issued a “neutral” rating and a $35.00 target price on the stock. Morgan Stanley raised their price target on United States Steel from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Friday, March 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $45.00 price objective on shares of United States Steel in a research report on Monday. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, United States Steel currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.32.

United States Steel Stock Performance

United States Steel stock opened at $42.42 on Thursday. The stock has a fifty day moving average price of $38.87 and a 200 day moving average price of $37.34. 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 Co. has a 52 week low of $26.92 and a 52 week high of $44.87. The firm has a market capitalization of $9.60 billion, a P/E ratio of 28.47, a PEG ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last announced 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 return on equity of 4.27% and a net margin of 2.46%. Equities research analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Dividend Announcement

The company 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. The ex-dividend date was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. United States Steel’s payout ratio is 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.