Mutual Advisors LLC Invest in United States Steel Co. During Q1
June 27, 2023
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United States Steel ($NYSE:X) Corporation (NYSE:X) is one of the world’s leading steel manufacturers, producing high-end steel products for a variety of industries. The investment in United States Steel Co. marks an exciting time for Mutual Advisors LLC, as the company continues to seek out promising investments in the steel industry. With a strategic position in the market, United States Steel Co. appears to fit the bill perfectly for Mutual Advisors LLC.
Not only is this investment likely to yield strong returns in the short-term, it could also bring valuable insights into the industry for the mutual fund. Although volatility remains a risk in the steel industry, this particular investment offers Mutual Advisors LLC the potential for long-term growth.
Share Price
The stock opened at $23.4 and closed at $23.9, a 2.4% increase from the previous closing price of 23.3. This marked a positive trend in the company’s stock price, which may have been a driving factor in Mutual Advisors’ decision. The investment by Mutual Advisors signals confidence in United States Steel Co., and suggests that the company is poised for positive growth in the upcoming quarter. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for X. More…
| Total Revenues | Net Income | Net Margin |
| 20.3k | 1.84k | 9.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for X. More…
| Operations | Investing | Financing |
| 2.92k | -2.06k | -914 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for X. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 19.54k | 9.14k | 45.09 |
Key Ratios Snapshot
Some of the financial key ratios for X are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 18.5% | 64.7% | 12.0% |
| FCF Margin | ROE | ROA |
| 3.7% | 14.9% | 7.8% |
Analysis
At GoodWhale, we have conducted an analysis of UNITED STATES STEEL’s finances and have assessed that the company is a medium risk investment. This assessment is based on our Risk Rating which takes into account both the financial and business aspects of the company. We have detected 2 risk warnings in their income sheet and balance sheet that should be taken into account when considering an investment. To understand these warnings, please visit our website at goodwhale.com and register for more detailed information. More…
Peers
United States Steel Corp, Cleveland-Cliffs Inc, Algoma Steel Group Inc, and Ternium SA are all steel companies that compete for market share. While U.S. Steel is the largest of the four, the other three are not far behind in terms of size and operations. All four companies have a long history in the steel industry and are well-positioned to compete for business in the coming years.
– Cleveland-Cliffs Inc ($NYSE:CLF)
Cleveland-Cliffs Inc is an American mining and natural resources company. The company is the largest producer of iron ore pellets in North America, and a major supplier of direct-reduced iron (DRI) globally. The company also produces other iron-related products, such as metallurgical coal and ferroalloys. It has operations in the United States, Canada, Brazil, and Australia.
Cleveland-Cliffs Inc has a market cap of 8.45B as of 2022. The company’s return on equity is 46.25%. Cleveland-Cliffs Inc is the largest producer of iron ore pellets in North America and a major supplier of direct-reduced iron globally. The company also produces other iron-related products, such as metallurgical coal and ferroalloys.
– Algoma Steel Group Inc ($TSX:ASTL)
Algoma Steel Group Inc is a Canadian steel company located in Sault Ste. Marie, Ontario. The company has a market cap of 1B as of 2022 and a return on equity of 57.58%. The company produces steel products for the construction, energy, manufacturing, and transportation industries.
– Ternium SA ($NYSE:TX)
Ternium SA is a leading steel producer in Latin America with operations in Mexico, Argentina, Chile, Colombia, Guatemala and the United States. The company has a market cap of 5.66B as of 2022 and a Return on Equity of 30.03%. Ternium is the largest integrated steel producer in Latin America and the third largest in the world, with a production capacity of approximately 21 million tons of crude steel per year. The company produces a wide range of steel products, including flat and long products, coated products, and specialty steels. Ternium’s products are used in a variety of industries, such as construction, automotive, appliances, packaging, and others.
Summary
United States Steel Corporation (US Steel) has recently seen investment activity from Mutual Advisors LLC. US Steel is one of the largest producers of steel in the United States. The company produces steel products that are used in various industries such as automotive, infrastructure, appliance, energy, and construction. As an investor, US Steel presents a potential opportunity as the company’s stock price has risen significantly over the past year. This may be due to increasing demand for steel products in the US economy as it continues to recover from the pandemic.
Additionally, US Steel has increased its dividend payment this year, providing income investors with an additional source of potential returns. Going forward, investors should continue to monitor any changes in the steel industry and assess how US Steel’s business may be affected by them.
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