On September 17, 2023, it was reported that Disciplined Investments LLC had significantly increased its position in Gerdau S.A. (NYSE:GGB) during the second quarter. According to the disclosure filed with the SEC, the firm owned 38,412 shares of the basic materials company’s stock after purchasing an additional 29,004 shares in that period. As of its most recent filing with the SEC, these holdings were valued at $201,000.
Gerdau S.A., a prominent player in the basic materials sector, recently announced its quarterly dividend. The dividend was paid on September 6th, and investors who held shares as of August 22nd received a dividend of $0.0878 per share. This change represents an annualized dividend payout of $0.35 and a yield of 6.70%. It is worth noting that this is a positive increase from Gerdau’s previous quarterly dividend amounting to $0.00 per share.
With regards to Gerdau’s dividend payout ratio (DPR), it currently stands at 46.85%. The DPR is a financial metric used to assess a company’s ability to sustain its dividend payments to shareholders based on its earnings or net income. Gerdau’s relatively low DPR suggests that it retains a significant portion of its earnings for reinvestment or other financial activities.
Investors and stakeholders in Gerdau may find these developments intriguing as they provide insight into the company’s financial health and its commitment towards rewarding shareholders through dividends. Increase in ownership by Disciplined Investments LLC indicates optimism and confidence in Gerdau’s future prospects.
It is important for investors to conduct thorough research and analysis before making any investment decisions regarding Gerdau or any other company. Seeking advice from financial professionals or utilizing online tools can assist investors in making well-informed choices about their investment portfolio.
Disclaimer: The information provided in this article is based solely on the disclosed data and should not be considered as financial advice. Individuals are encouraged to conduct their own research and consult professionals before making investment decisions.
Large Investors Increase Stakes in Gerdau as Financial World Takes Notice
On September 17, 2023, it was reported that several large investors had recently bought and sold shares of Gerdau, a Brazilian basic materials company. The investments made by these groups have stirred up curiosity in the financial world. One of these investors, Quadrant Capital Group LLC, increased their stake in Gerdau by 17.1% during the fourth quarter. They now own a substantial amount of Gerdau shares, worth $73,000 after acquiring an additional 1,918 shares during the period.
Notably, Heritage Investors Management Corp also increased their position in Gerdau by 7.9% during the first quarter. Their ownership now amounts to 29,141 shares of the company’s stock valued at $144,000 after acquiring an additional 2,128 shares. Claro Advisors LLC joined in on the action as well, increasing their position by 8.0% during the same period with an additional 2,194 shares valued at $147,000.
Truist Financial Corp followed suit and increased its position in Gerdau by 2.9% during the first quarter. They now hold a significant number of shares valued at $435,000 after acquiring an additional 2,460 shares in the last quarter. Finally, Inspire Advisors LLC enhanced its position by an impressive 23.2% in the first quarter with an extra 2,759 shares valued at $72,000.
It is worth noting that hedge funds and other institutional investors currently own approximately 2.64% of Gerdau’s stock.
Amidst this flurry of activity involving large investors and Gerdau’s stock is Scotiabank’s recent research report downgrade from an “outperform” rating to a “sector perform” rating on July21st.
As for Gerdau itself, on Friday when this information became public knowledge regarding these transactions and rating changes, its stock opened at $5.24. Over the past 52 weeks, Gerdau has seen a low of $4.09 and a high of $6.34. Currently, the firm maintains a fifty-day moving average of $5.42 and a 200-day moving average of $5.15, showing some fluctuations in its performance.
Gerdau holds a market capitalization of approximately $9.21 billion, along with a P/E ratio of 4.72 and a beta of 1.65, indicating some degree of volatility.
When Gerdau last released its quarterly earnings data on August 8th, it reported lower than expected earnings per share (EPS) amounting to $0.24 for the quarter compared to the consensus estimate of $0.29 EPS, resulting in a difference of ($0.05). The company’s revenue for the quarter stood at $3.69 billion as opposed to analyst estimates predicting revenue around $3.79 billion.
Analysts anticipate that Gerdau S.A., as a group, will post an EPS figure of 0.99 for the current year.
These recent developments have prompted interest and perplexity among investors and analysts alike regarding Gerdau’s future prospects within the market as various large investors adjust their positions accordingly.