A number of other brokerages also recently commented on STLD. BidaskClub upgraded Steel Dynamics from a buy rating to a strong-buy rating in a research report on Saturday, January 6th. Zacks Investment Research downgraded Steel Dynamics from a hold rating to a sell rating in a research report on Tuesday, December 26th. Longbow Research upgraded Steel Dynamics from a neutral rating to a buy rating in a research report on Wednesday, December 20th. Cowen set a $43.00 price objective on Steel Dynamics and gave the company a buy rating in a research report on Monday, December 18th. Finally, Morgan Stanley set a $36.00 price objective on Steel Dynamics and gave the company a hold rating in a research report on Tuesday, October 24th. Five investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $43.71.
Steel Dynamics (NASDAQ:STLD) traded up $1.07 on Monday, reaching $47.12. The company’s stock had a trading volume of 1,838,300 shares, compared to its average volume of 2,496,550. Steel Dynamics has a 12-month low of $32.15 and a 12-month high of $47.18. The firm has a market capitalization of $11,130.00, a P/E ratio of 21.71, a price-to-earnings-growth ratio of 1.26 and a beta of 1.40. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.35 and a quick ratio of 1.95.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Wednesday, October 18th. The basic materials company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66. Steel Dynamics had a return on equity of 21.45% and a net margin of 5.79%. The company had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. research analysts predict that Steel Dynamics will post 2.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Sunday, December 31st were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 1.32%. The ex-dividend date was Thursday, December 28th. Steel Dynamics’s dividend payout ratio (DPR) is currently 28.57%.
Large investors have recently made changes to their positions in the business. Toronto Dominion Bank acquired a new position in shares of Steel Dynamics in the second quarter worth $107,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Steel Dynamics in the third quarter worth $112,000. Hefty Wealth Partners increased its stake in shares of Steel Dynamics by 76.1% in the third quarter. Hefty Wealth Partners now owns 3,417 shares of the basic materials company’s stock worth $118,000 after acquiring an additional 1,477 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Steel Dynamics by 80.8% in the third quarter. Cubist Systematic Strategies LLC now owns 3,555 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 1,589 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in shares of Steel Dynamics by 2.3% in the second quarter. Advisory Services Network LLC now owns 4,414 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 101 shares during the last quarter. 83.38% of the stock is currently owned by institutional investors.
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Steel Dynamics Company Profile
Steel Dynamics, Inc is a steel producing and a metal recycling company. 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. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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