GGB Gerdau SA ADR

Gerdau S.A. announced the early completion of its share buyback program for 2025, reaching the full authorized volume of 6.2 million shares. The program, initially approved in December 2023, was primarily intended to fulfill obligations related to share-based compensation plans. The company's proactive completion highlights its commitment to managing its capital structure and employee incentives.

Gerdau S.A. has completed its 2025 share buyback program, repurchasing 1,500,000 common shares and 63,000,000 preferred shares at average prices of R$15.65 and R$16.27 respectively, reaching 100% of the authorized volume. This move indicates confidence in the company's valuation and is expected to enhance shareholder value. Analysts currently rate Gerdau (GGB) as a Buy with a $4.60 price target, though TipRanks' AI Analyst "Spark" rates it as Neutral due to declining profitability and cash flow, despite positive technical indicators and an attractive dividend yield.

Gerdau S.A. (NYSE:GGB) recently reached a new 52-week high of $3.72, trading around $3.6850 with significant volume. Analyst ratings include a reissued "Buy" from UBS with a $4.60 target and a "Hold" consensus, while the company increased its quarterly dividend to $0.0521, representing a 5.7% yield. Institutional investors have also been adjusting their stakes in the steel producer.

Metalurgica Gerdau SA's board has approved a capital increase of 2.75 billion reais. This will be achieved through the issuance of 331 million bonus shares. The information was disclosed in a recent company filing.

Mackenzie Financial Corp reduced its stake in Gerdau S.A. by 36.3% in the second quarter, selling 881,221 shares and holding 1,544,372 shares worth approximately $4.51 million. Other institutional investors like Encompass Capital, UBS Asset Management, Millennium Management, and Itau Unibanco Holding S.A. either initiated or significantly increased their positions in Gerdau. Despite a recent EPS miss and a "Hold" average analyst rating, Gerdau increased its quarterly dividend to $0.0521 per share.

Brazilian steelmaker Gerdau's chairman, Jorge Gerdau Johannpeter, believes U.S. President Donald Trump's protectionist measures are dismantling decades of global economic agreements and may be a negotiation tactic. The renewed 25% tariff on Brazilian steel imports poses a challenge, though Gerdau's U.S. operations stand to benefit. Gerdau also expressed concern over Chinese steel dumping in Brazil, advocating for stronger protective measures from the Brazilian government.