Gerdau S.A. (NYSE:GGB) Stock Holdings Increased by Two Sigma Securities LLC

Two Sigma Securities LLC increased its stake in shares of Gerdau S.A. (NYSE:GGB) by 848.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 258,376 shares of the basic materials company’s stock after purchasing an additional 231,140 shares during the quarter. Two Sigma Securities LLC’s holdings in Gerdau were worth $744,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new stake in shares of Gerdau during the 4th quarter valued at $32,000. Wealthfront Advisers LLC acquired a new position in Gerdau in the 4th quarter worth about $32,000. Zhang Financial LLC purchased a new stake in shares of Gerdau during the 4th quarter worth about $34,000. R Squared Ltd acquired a new stake in shares of Gerdau during the 4th quarter valued at about $36,000. Finally, HighTower Advisors LLC bought a new stake in shares of Gerdau in the 3rd quarter valued at approximately $38,000. 1.49% of the stock is owned by hedge funds and other institutional investors.

Gerdau Stock Up 0.8 %

Shares of Gerdau stock opened at $2.67 on Friday. Gerdau S.A. has a 12-month low of $2.27 and a 12-month high of $4.04. The company has a quick ratio of 1.53, a current ratio of 2.98 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $2.77 and a two-hundred day moving average price of $3.02. The stock has a market capitalization of $5.55 billion, a P/E ratio of 6.21 and a beta of 1.37.

Gerdau (NYSE:GGB) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.66 billion. Gerdau had a net margin of 7.03% and a return on equity of 7.74%. Equities analysts expect that Gerdau S.A. will post 0.46 earnings per share for the current year.

Gerdau Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were paid a $0.0175 dividend. The ex-dividend date was Friday, March 7th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 2.63%. Gerdau’s payout ratio is presently 13.95%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Bank of America reissued a “neutral” rating on shares of Gerdau in a research report on Monday, April 7th. UBS Group began coverage on Gerdau in a report on Wednesday, March 12th. They set a “neutral” rating on the stock.

Gerdau Profile

Gerdau SA, together with its subsidiaries, operates as a steel producer company. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It also provides semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.