19 hours Ago By Defense World Staff
American Century Companies Inc. raised its holdings in Olympic Steel, Inc. ( NASDAQ:ZEUS – Free Report ) by 8.
0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,113 shares of the basic materials company’s stock after buying an additional 24,538 shares during the quarter. American Century Companies Inc.
owned approximately 2.97% of Olympic Steel worth $10,831,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently modified their holdings of the company.
JPMorgan Chase & Co. grew its stake in shares of Olympic Steel by 136.1% during the 3rd quarter.
JPMorgan Chase & Co. now owns 214,493 shares of the basic materials company’s stock valued at $8,365,000 after buying an additional 123,632 shares during the period. Jane Street Group LLC raised its holdings in Olympic Steel by 1,165.
8% in the third quarter. Jane Street Group LLC now owns 202,163 shares of the basic materials company’s stock valued at $7,884,000 after buying an additional 186,192 shares during the period. Bank of New York Mellon Corp lifted its position in Olympic Steel by 23.
1% during the fourth quarter. Bank of New York Mellon Corp now owns 122,269 shares of the basic materials company’s stock valued at $4,012,000 after buying an additional 22,908 shares in the last quarter. Empowered Funds LLC grew its stake in Olympic Steel by 5.
1% during the fourth quarter. Empowered Funds LLC now owns 60,805 shares of the basic materials company’s stock worth $1,995,000 after buying an additional 2,934 shares during the period. Finally, FMR LLC increased its holdings in Olympic Steel by 423.
4% in the 3rd quarter. FMR LLC now owns 44,496 shares of the basic materials company’s stock valued at $1,735,000 after purchasing an additional 35,995 shares in the last quarter. Institutional investors and hedge funds own 87.
07% of the company’s stock. Analyst Upgrades and Downgrades ZEUS has been the subject of several recent research reports. KeyCorp increased their price objective on shares of Olympic Steel from $42.
00 to $43.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. StockNews.
com lowered Olympic Steel from a “buy” rating to a “hold” rating in a research report on Saturday, March 1st. Olympic Steel Price Performance ZEUS opened at $31.66 on Thursday.
The company has a market capitalization of $352.57 million, a P/E ratio of 16.07 and a beta of 1.
48. The company has a 50-day moving average of $33.80 and a 200-day moving average of $36.
32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.
26 and a current ratio of 3.52. Olympic Steel, Inc.
has a 1-year low of $30.29 and a 1-year high of $73.27.
Olympic Steel ( NASDAQ:ZEUS – Get Free Report ) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
08 by $0.05. The firm had revenue of $418.
78 million for the quarter, compared to analysts’ expectations of $441.60 million. Olympic Steel had a return on equity of 3.
31% and a net margin of 1.18%. Equities analysts expect that Olympic Steel, Inc.
will post 2.69 EPS for the current fiscal year. Olympic Steel Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 17th.
Stockholders of record on Monday, March 3rd were given a dividend of $0.16 per share. This represents a $0.
64 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Olympic Steel’s previous quarterly dividend of $0.
15. The ex-dividend date was Monday, March 3rd. Olympic Steel’s dividend payout ratio is presently 32.
49%. Olympic Steel Company Profile ( Free Report ) Olympic Steel, Inc processes, distributes, and stores metal products primarily in the United States, Canada, and Mexico. It operates in three segments: Carbon Flat Products; Specialty Metals Flat Products; and Tubular and Pipe Products.
The company offers stainless steel and aluminum coil and sheet products, angles, rounds, and flat bars; alloy, heat treated, and abrasion resistant coils, sheets and plates; coated metals, including galvanized, galvannealed, electro galvanized, advanced high strength steels, aluminized, and automotive grades of steel; commercial quality, advanced high strength steel, drawing steel, and automotive grades cold rolled steel coil and sheet products; hot rolled carbon comprising hot rolled coil, pickled and oiled sheet and plate steel products, automotive grades, advanced high strength steels, and high strength low alloys; tube, pipe, and bar products, including round, square, and rectangular mechanical and structural tubing; hydraulic and stainless tubing; boiler tubing; carbon, stainless, and aluminum pipes; valves and fittings; and tin mill products, such as electrolytic tinplate, electrolytic chromium coated steel, and black plates. Read More Five stocks we like better than Olympic Steel Investing in the High PE Growth Stocks Homebuilders in Freefall: Bargain Opportunity or Falling Knife? The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number The 3 Most Talked About Investments on WallStreetBets Right Now Stock Sentiment Analysis: How it Works Analyst Targets Signal More Growth in CrowdStrike Stock Want to see what other hedge funds are holding ZEUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Olympic Steel, Inc.
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