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

D.A. Davidson & CO. decreased its holdings in shares of United States Steel Co. (NYSE:X) by 24.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Castle Hook Partners LP bought a new position in United States Steel in the 3rd quarter worth about $91,712,000. Holocene Advisors LP purchased a new position in United States Steel in the third quarter worth about $51,620,000. Massachusetts Financial Services Co. MA lifted its stake in shares of United States Steel by 26.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,598,831 shares of the basic materials company’s stock worth $162,477,000 after buying an additional 964,467 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of United States Steel by 4,445.5% during the third quarter. International Assets Investment Management LLC now owns 571,326 shares of the basic materials company’s stock valued at $20,185,000 after buying an additional 558,757 shares during the last quarter. Finally, E. Ohman J or Asset Management AB purchased a new stake in shares of United States Steel during the fourth quarter valued at approximately $17,907,000. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

United States Steel Price Performance

NYSE X opened at $36.93 on Monday. The company has a 50-day moving average price of $35.28 and a 200-day moving average price of $36.88. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $48.13. The company has a quick ratio of 0.91, a current ratio of 1.55 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $8.32 billion, a P/E ratio of 24.78, a PEG ratio of 1.53 and a beta of 1.86.

United States Steel (NYSE:X) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. Equities research analysts anticipate that United States Steel Co. will post 1.43 earnings per share for the current year.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Monday, February 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, February 10th. This represents a $0.20 annualized dividend and a yield of 0.54%. United States Steel’s dividend payout ratio (DPR) is presently 13.42%.

About United States Steel

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.