Quantitative Investment Management LLC bought a new position in Gerdau S.A. (NYSE:GGB – Get Rating) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 146,798 shares of the basic materials company's stock, valued at approximately $943,000.
A number of other institutional investors have also bought and sold shares of GGB. Thomas White International Ltd. lifted its stake in Gerdau by 51.7% in the 4th quarter. Thomas White International Ltd. now owns 6,357 shares of the basic materials company's stock worth $31,000 after purchasing an additional 2,166 shares in the last quarter. Cutler Group LP lifted its stake in Gerdau by 43.9% in the 1st quarter. Cutler Group LP now owns 6,796 shares of the basic materials company's stock worth $43,000 after purchasing an additional 2,074 shares in the last quarter. Keybank National Association OH purchased a new position in Gerdau in the 1st quarter worth approximately $65,000. Sequoia Financial Advisors LLC purchased a new position in Gerdau in the 1st quarter worth approximately $67,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Gerdau in the 1st quarter worth approximately $69,000. 2.12% of the stock is owned by hedge funds and other institutional investors.
Get Gerdau alerts:Gerdau Stock Up 5.0 %
Shares of NYSE GGB opened at $4.79 on Friday. The company has a 50 day simple moving average of $4.59 and a 200-day simple moving average of $5.27. The company has a market capitalization of $8.24 billion, a P/E ratio of 2.62, a P/E/G ratio of 0.15 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.22 and a quick ratio of 1.11. Gerdau S.A. has a 1 year low of $3.94 and a 1 year high of $6.62.
Gerdau Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Wednesday, August 17th were issued a dividend of $0.137 per share. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 11.44%. This is an increase from Gerdau's previous quarterly dividend of $0.12. Gerdau's dividend payout ratio (DPR) is currently 30.60%.Gerdau Company Profile
(Get Rating)
Gerdau SA provides steel products and services. The company operates through Brazil Business, North America Business, South America Business, and Special Steel Business segments. It offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; finished industrial products, including commercial rolled-steel bars, and light profiles and wires; agricultural products that include stakes and smooth wire products; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps.
Featured Articles
- Get a free copy of the StockNews.com research report on Gerdau (GGB)
- MarketBeat: Week in Review 9/5 – 9/9
- Prepare For A Record-Setting Quarter For Cyber Security Stocks
- The Auto Market Is Slowly Recovering, These Stocks May Outperform
- Is DocuSign On The Verge Of A Major Reversal?
- Oil and Gas Stocks: A Safe Way to Invest in Renewable Energy
Receive News & Ratings for Gerdau Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gerdau and related companies with MarketBeat.com's FREE daily email newsletter.