Flynn Zito Capital Management LLC Acquires Shares of 5,685 United States Steel Co. (NYSE:X)

Flynn Zito Capital Management LLC acquired a new stake in shares of United States Steel Co. (NYSE:X) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,685 shares of the basic materials company’s stock, valued at approximately $277,000.

Several other large investors have also recently added to or reduced their stakes in X. ICA Group Wealth Management LLC acquired a new stake in United States Steel in the 4th quarter valued at approximately $28,000. Wolff Wiese Magana LLC increased its position in United States Steel by 181.4% in the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 635 shares during the period. Fifth Third Bancorp increased its position 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 valued at $41,000 after acquiring an additional 480 shares during the period. Dark Forest Capital Management LP acquired a new stake in United States Steel in the 1st quarter valued at approximately $48,000. Finally, Belpointe Asset Management LLC increased its position in United States Steel by 71.7% in the 1st quarter. Belpointe Asset Management LLC now owns 1,962 shares of the basic materials company’s stock valued at $51,000 after acquiring an additional 819 shares during the period. 81.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on X. JPMorgan Chase & Co. began coverage on United States Steel in a research report on Friday, January 12th. They issued a “neutral” rating and a $52.00 target price on the stock. Wolfe Research upgraded United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research report on Tuesday, April 9th. Morgan Stanley cut United States Steel from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $40.00 to $51.00 in a research report on Thursday, February 15th. StockNews.com initiated coverage on United States Steel in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, BMO Capital Markets lowered their price target on United States Steel from $55.00 to $45.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $37.89.

United States Steel Price Performance

Shares of NYSE X traded down $0.19 during mid-day trading on Thursday, reaching $38.94. The company had a trading volume of 3,251,743 shares, compared to its average volume of 4,735,425. The company has a current ratio of 1.76, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The stock has a market cap of $8.75 billion, a PE ratio of 11.15 and a beta of 2.00. The company has a 50-day moving average price of $43.56 and a two-hundred day moving average price of $41.15. United States Steel Co. has a 1-year low of $20.40 and a 1-year high of $50.20.

United States Steel (NYSE:X) last issued its earnings results on Friday, February 2nd. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.46. United States Steel had a return on equity of 10.80% and a net margin of 4.96%. The business had revenue of $4.14 billion for the quarter, compared to analysts’ expectations of $3.73 billion. During the same period in the previous year, the firm posted $0.87 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis. On average, equities analysts anticipate that United States Steel Co. will post 3.15 earnings per share for the current year.

United States Steel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Monday, February 12th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, February 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.51%. United States Steel’s dividend payout ratio is 5.70%.

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.