Steel Dynamics, Inc. (NASDAQ:STLD) Price Target & Stock Check
BUSSE KEITH E had sold 2,000 shares worth $54,660 on Tuesday, November 1. Its Price to Cash Flow ratio shows the value of 12.07, whereas, the industry and sector ratio of Price to Cash Flow ticked at 6.44 and 14.07 respectively.
The company has been one of the biggest innovators in "Steel & Iron" employing approximately 7695 full time employees. Soros Fund Management LLC boosted its position in Steel Dynamics by 178.7% in the fourth quarter. 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. Bank of Montreal Can raised its stake in Steel Dynamics by 8.4% in the first quarter. Stock exchanged hands with the total volume of 3.20 Million shares, as contrast to its average volume of 2.83 Million shares. The number of shares now owned by investors are 811.09 mln. JPMorgan Chase & Co. now owns 4,809,749 shares of the basic materials company's stock worth $120,195,000 after buying an additional 716,017 shares during the last quarter. Steel Dynamics has a 52-week low of $22.62 and a 52-week high of $40.17.
Steel Dynamics, Inc.'s (STLD) witnessed a loss of -0.52% in recent trading period with closing price of $ 32.74. About 188,832 shares traded. This company shares are 29.5% off its target price of $42.62 and the current market capitalization stands at $7.81B. In order to determine directional movement, the 50-day and 200-day moving averages for the Rubicon Project, Inc.
Steel Dynamics ( STLD ) reported a profit for its first quarter that increased from previous year. After $0.23 actual earnings per share reported by Gener8 Maritime Inc for the previous quarter, Wall Street now forecasts 104.35% EPS growth. Steel Dynamics had a return on equity of 17.30% and a net margin of 4.91%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.19 billion. Moreover, Kayne Anderson Rudnick Investment Management Llc has 0.31% invested in the company for 1.35 million shares. Steel Dynamics's quarterly revenue was up 20.1% on a year-over-year basis.
As the earnings date approaches, we can see that insider ownership is now 4.10% shares, and institutional ownership is at 89.30% for Steel Dynamics, Inc.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Shareholders of record on Friday, March 31st were given a $0.155 dividend. Nomura maintained the shares of STLD in report on Wednesday, March 9 with "Buy" rating.
Steel Dynamics, Inc.is a steel producing and a metal recycling company.
Several equities research analysts have weighed in on the stock. The stock of Steel Dynamics, Inc.
POT stock's price is now -17.28% down from its 52-week high and +11.53% up from its 52-week low. Jefferies Group LLC reissued a buy rating and set a $45.00 target price (up from $32.00) on shares of Steel Dynamics in a research note on Tuesday, December 13th. BMO Capital Markets reiterated a "buy" rating and issued a $48.00 target price on shares of Steel Dynamics in a research report on Wednesday, March 22nd. The latest reports which are outstanding on Sunday 16th of April state 5 analysts have a rating of "strong buy", 5 analysts "buy", 4 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week. Following the completion of the transaction, the director now directly owns 5,042,939 shares of the company's stock, valued at $179,730,345.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. The F-Score was developed to help find company stocks that have solid fundamentals, and to separate out weaker companies. It improved, as 28 investors sold Steel Dynamics, Inc. shares while 162 reduced holdings. 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.