STLD has been the subject of a number of other reports. ValuEngine cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank reaffirmed a “hold” rating on shares of Steel Dynamics in a research report on Thursday, June 27th. Longbow Research cut shares of Steel Dynamics from a “buy” rating to a “neutral” rating in a research report on Monday, August 26th. JPMorgan Chase & Co. set a $35.00 price target on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Monday, September 23rd. Finally, BMO Capital Markets cut shares of Steel Dynamics to a “hold” rating and set a $30.00 price target for the company. in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $33.40.
Shares of Steel Dynamics stock opened at $28.71 on Friday. The company has a fifty day moving average price of $29.20 and a 200 day moving average price of $29.91. The company has a current ratio of 4.00, a quick ratio of 2.40 and a debt-to-equity ratio of 0.60. Steel Dynamics has a twelve month low of $25.02 and a twelve month high of $42.00. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 5.23, a price-to-earnings-growth ratio of 0.78 and a beta of 1.66.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, October 16th. The basic materials company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Steel Dynamics had a return on equity of 22.08% and a net margin of 7.44%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the company posted $1.69 earnings per share. Analysts forecast that Steel Dynamics will post 3.05 earnings per share for the current year.
In other news, SVP Miguel Alvarez acquired 8,920 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $27.72 per share, with a total value of $247,262.40. Following the transaction, the senior vice president now directly owns 700 shares in the company, valued at approximately $19,404. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Empirical Finance LLC boosted its position in Steel Dynamics by 1.1% in the 2nd quarter. Empirical Finance LLC now owns 32,950 shares of the basic materials company’s stock valued at $995,000 after buying an additional 363 shares during the last quarter. Smith Graham & Co. Investment Advisors LP lifted its position in shares of Steel Dynamics by 0.3% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 151,428 shares of the basic materials company’s stock worth $4,513,000 after purchasing an additional 490 shares during the last quarter. Rehmann Capital Advisory Group lifted its position in shares of Steel Dynamics by 96.9% during the second quarter. Rehmann Capital Advisory Group now owns 1,016 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 500 shares during the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Steel Dynamics by 19.1% during the third quarter. Valeo Financial Advisors LLC now owns 3,130 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 502 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Steel Dynamics by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 42,440 shares of the basic materials company’s stock worth $1,282,000 after purchasing an additional 590 shares during the last quarter. 80.04% of the stock is owned by institutional investors.
About Steel Dynamics
Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.
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