Posted by admin on Jul 14th, 2022
TheStreet lowered shares of POSCO (NYSE:PKX – Get Rating) from a b- rating to a c+ rating in a research report released on Monday, TheStreetRatingsTable reports.
Separately, StockNews.com began coverage on shares of POSCO in a report on Thursday, March 31st. They set a buy rating on the stock.
PKX stock opened at $43.49 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.16 and a quick ratio of 1.48. POSCO has a twelve month low of $43.18 and a twelve month high of $80.02. The company’s 50 day moving average is $51.78 and its two-hundred day moving average is $56.34.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Friday, December 31st were issued a $0.835 dividend. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 7.68%. POSCO’s payout ratio is 13.02%.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of POSCO by 17.7% in the 1st quarter. BlackRock Inc. now owns 1,395,026 shares of the basic materials company’s stock valued at $82,683,000 after acquiring an additional 210,190 shares during the period. Clark Capital Management Group Inc. increased its holdings in shares of POSCO by 69.9% in the 4th quarter. Clark Capital Management Group Inc. now owns 753,482 shares of the basic materials company’s stock valued at $43,920,000 after acquiring an additional 310,100 shares during the period. State Street Corp increased its holdings in shares of POSCO by 10.3% in the 1st quarter. State Street Corp now owns 743,799 shares of the basic materials company’s stock valued at $44,085,000 after acquiring an additional 69,631 shares during the period. Vanguard Group Inc. increased its holdings in shares of POSCO by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 371,615 shares of the basic materials company’s stock valued at $22,026,000 after acquiring an additional 10,142 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of POSCO by 17.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 232,736 shares of the basic materials company’s stock valued at $13,795,000 after acquiring an additional 35,217 shares during the period.
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.
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