Disciplined Investments LLC Increases Position in Gerdau S.A. (NYSE:GGB)

Disciplined Investments LLC lifted its position in shares of Gerdau S.A. (NYSE:GGB) by 308.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 38,412 shares of the basic materials company’s stock after buying an additional 29,004 shares during the period. Disciplined Investments LLC’s holdings in Gerdau were worth $201,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Quadrant Capital Group LLC raised its stake in Gerdau by 17.1% during the fourth quarter. Quadrant Capital Group LLC now owns 13,152 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 1,918 shares during the period. Heritage Investors Management Corp increased its position in shares of Gerdau by 7.9% in the first quarter. Heritage Investors Management Corp now owns 29,141 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 2,128 shares in the last quarter. Claro Advisors LLC increased its position in shares of Gerdau by 8.0% in the first quarter. Claro Advisors LLC now owns 29,774 shares of the basic materials company’s stock worth $147,000 after acquiring an additional 2,194 shares in the last quarter. Truist Financial Corp increased its position in shares of Gerdau by 2.9% in the first quarter. Truist Financial Corp now owns 88,335 shares of the basic materials company’s stock worth $435,000 after acquiring an additional 2,460 shares in the last quarter. Finally, Inspire Advisors LLC increased its position in shares of Gerdau by 23.2% in the first quarter. Inspire Advisors LLC now owns 14,643 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 2,759 shares in the last quarter. Hedge funds and other institutional investors own 2.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered shares of Gerdau from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 21st.

Gerdau Price Performance

Gerdau stock opened at $5.24 on Friday. Gerdau S.A. has a 52-week low of $4.09 and a 52-week high of $6.34. The firm has a fifty day moving average of $5.42 and a 200-day moving average of $5.15. The firm has a market capitalization of $9.21 billion, a P/E ratio of 4.72 and a beta of 1.65. The company has a quick ratio of 1.29, a current ratio of 2.94 and a debt-to-equity ratio of 0.22.

Gerdau (NYSE:GGB) last released its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.79 billion. Gerdau had a return on equity of 19.91% and a net margin of 12.56%. As a group, analysts predict that Gerdau S.A. will post 0.99 EPS for the current year.

Gerdau Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.0878 per share. This represents a $0.35 dividend on an annualized basis and a yield of 6.70%. This is a positive change from Gerdau’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, August 21st. Gerdau’s dividend payout ratio (DPR) is presently 46.85%.

About Gerdau

Gerdau SA, together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, South America Business, and Special Steel Business divisions. The company provides 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; drawn products comprising barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire mesh, nails, and clamps for manufacturing, construction, and agricultural industries; and special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as in the oil and gas, wind energy, machinery and equipment, mining and rail, and other markets.