Universal Stainless & Alloy Products (NASDAQ:USAP) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating. Universal Stainless & Alloy Products’ rating score has improved by 50% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price objective of $21.50 for the company and are anticipating that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Universal Stainless & Alloy Products an industry rank of 76 out of 255 based on the ratings given to related companies.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered Universal Stainless & Alloy Products from a “strong-buy” rating to a “hold” rating in a report on Saturday, March 30th. ValuEngine lowered Universal Stainless & Alloy Products from a “sell” rating to a “strong sell” rating in a report on Thursday, April 11th. Finally, Cowen restated a “buy” rating and issued a $20.00 price objective on shares of Universal Stainless & Alloy Products in a report on Wednesday, January 23rd.

In other news, Chairman Dennis M. Oates acquired 3,822 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was acquired at an average price of $15.70 per share, for a total transaction of $60,005.40. Following the completion of the acquisition, the chairman now directly owns 100,536 shares in the company, valued at approximately $1,578,415.20. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 4,968 shares of company stock valued at $77,998. Insiders own 10.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in USAP. Wells Fargo & Company MN lifted its holdings in shares of Universal Stainless & Alloy Products by 49.6% in the third quarter. Wells Fargo & Company MN now owns 10,935 shares of the basic materials company’s stock valued at $279,000 after buying an additional 3,625 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Universal Stainless & Alloy Products by 7.3% during the third quarter. Bank of New York Mellon Corp now owns 39,767 shares of the basic materials company’s stock valued at $1,014,000 after purchasing an additional 2,705 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Universal Stainless & Alloy Products by 36.8% during the third quarter. BlackRock Inc. now owns 481,061 shares of the basic materials company’s stock valued at $12,273,000 after purchasing an additional 129,376 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Universal Stainless & Alloy Products by 353.7% during the third quarter. Panagora Asset Management Inc. now owns 14,751 shares of the basic materials company’s stock valued at $376,000 after purchasing an additional 11,500 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Universal Stainless & Alloy Products by 18.0% during the third quarter. Dimensional Fund Advisors LP now owns 724,155 shares of the basic materials company’s stock valued at $18,473,000 after purchasing an additional 110,500 shares during the last quarter. Institutional investors and hedge funds own 88.74% of the company’s stock.

USAP stock traded up $0.15 during trading on Friday, reaching $17.16. 13,953 shares of the company’s stock were exchanged, compared to its average volume of 39,070. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 2.96. Universal Stainless & Alloy Products has a 1-year low of $14.11 and a 1-year high of $30.91. The firm has a market capitalization of $149.08 million, a PE ratio of 14.07 and a beta of 1.46.

Universal Stainless & Alloy Products (NASDAQ:USAP) last announced its quarterly earnings data on Wednesday, January 23rd. The basic materials company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.09). The firm had revenue of $57.06 million during the quarter, compared to analyst estimates of $66.67 million. Universal Stainless & Alloy Products had a net margin of 4.17% and a return on equity of 4.53%. Equities research analysts predict that Universal Stainless & Alloy Products will post 1.41 earnings per share for the current fiscal year.

Universal Stainless & Alloy Products Company Profile

Universal Stainless & Alloy Products, Inc, together with its subsidiaries, manufactures and markets semi-finished and finished specialty steel products in the United States and internationally. The company's products include stainless steel, nickel alloys, tool steel, and various other alloyed steels.

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