Updated Analyst's outlook: Steel Dynamics, Inc.'s (STLD)


Alpha Windward LLC's holdings in Steel Dynamics were worth $490,000 at the end of the most recent quarter.

Hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its stake in Steel Dynamics by 181.0% in the third quarter. A ratio above one indicates an increase in share price over the period. Norges Bank acquired a new stake in Steel Dynamics during the fourth quarter valued at about $213,607,000. The stock traded with the volume of 3.15 Million shares in the last trading session. Wells Fargo & Company MN boosted its position in Steel Dynamics by 3.7% in the third quarter.

The Company has 242.38 million shares outstanding and 231.99 million shares were floated in market. Capstone Asset Management Co. now owns 20,443 shares of the company's stock valued at $711,000 after buying an additional 620 shares during the last quarter.

Since the start of the New Year, Steel Dynamics, Inc. After trading began at $32.91, the stock was seen striking at $33.24 as its peak price and $32.33 as its lowest price. 3,145,650 shares of the company's stock traded hands. The company has market cap of $7.72 billion. In order to determine directional movement, the 50-day and 200-day moving averages for the Rubicon Project, Inc.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Tuesday, January 24th. Total debt to equity ratio of the company for most recent quarter is 0.81 while Long term debt to equity ratio for same time period is 0.80. In the profitability analysis, the company has gross profit margin of 17.20% while net profit margin was 4.90%. The firm earned $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period past year, the company earned $0.09 earnings per share. On average, analysts anticipate that Steel Dynamics, Inc. will post $2.75 EPS for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Blackrock Invest Mngmt Ltd Liability Corp holds 0.04% or 876,083 shares in its portfolio. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.88%. Kistler has 0.02% invested in Steel Dynamics, Inc. The firm earned "Overweight" rating on Wednesday, March 23 by KeyBanc Capital Markets.

Looking about the past performance history, the company plunged -7.09% in past week and declined -7.18% in one month. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of US and worldwide copyright & trademark law. The correct version of this news story can be viewed at [[permalink]].

Several equities research analysts have weighed in on the stock. Secor Capital Advisors Lp acquired 188,650 shares as Steel Dynamics Inc (STLD)'s stock rose 44.93%. (STLD). The consensus rating is 2.1, suggesting the market has given up on the stock.

Steel Dynamics Inc. (STLD) now has a consensus Price Target of $41.07. Jefferies Group LLC reissued a buy rating and issued a $45.00 price objective on shares of Steel Dynamics in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week. The number of shares now owned by investors are 811.09 mln. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The Company is engaged in the manufacture and sale of steel products, processing and sale of recycled ferrous and nonferrous metals, and fabrication and sale of steel joists and deck products.

First quarter 2017 operating income for the company's steel operations raised 62% to $352.0M sequentially, based on a 12% increase in shipments and metal spread expansion. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.