Steel Dynamics, Inc. (NASDAQ:STLD) Price Target & Stock Check

Owen Stevens
April 21, 2017

Blackrock Advisors Limited Company invested in 209,323 shares or 0.01% of the stock. The first quarter 2017 average product selling price for the company's steel operations raised $63 to $743 per ton. As of December 31, 2016, the Company owned and operated 65 in-service office properties, one redevelopment asset, two development assets and one office building through an unconsolidated joint venture. Finally, JPMorgan Chase & Co. raised its position in Steel Dynamics by 17.5% in the third quarter. Green Street Investors Llc owns 100,400 shares or 2.11% of their United States portfolio. The company's steel production utilization rate was 95 percent in the first quarter 2017, contrast to 81 percent in the sequential fourth quarter and contrast to the domestic industry utilization rate of 75 percent. The company's stock had a trading volume of 3,359,247 shares. Wells Fargo & Company MN boosted its position in Steel Dynamics by 3.7% in the third quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 99,624 shares of the company's stock valued at $100,000 after buying an additional 96,824 shares during the last quarter. The number of shares now owned by investors are 811.09 mln. Institutional investors and hedge funds own 79.46% of the company's stock. The stock stands almost -17.92% off versus the 52-week high and 47.46% away from the 52-week low.

The company surged 0.09% and closed its last trading session at $32.67. About shares traded. Foresight Energy LP (NYSE:FELP) has risen 30.77% since September 13, 2016 and is uptrending. The stock has a market cap of $7.98 billion, a P/E ratio of 21.10 and a beta of 1.35. After a recent look, shares have been seen 6.14% from the 200-day moving average, and -7.23% from the 50-day moving average.

Depending on the earnings numbers reported, Steel Dynamics, Inc. Its sales stood at -0.60% a year on average in the period of last five years. Steel Dynamics had a net margin of 4.91% and a return on equity of 17.30%. The business earned $1.91 billion during the quarter, compared to analysts' expectations of $1.88 billion. Moreover, Kayne Anderson Rudnick Investment Management Llc has 0.31% invested in the company for 1.35 million shares. The firm's revenue was up 20.1% compared to the same quarter a year ago. On average, analysts anticipate that Steel Dynamics, Inc. will post $2.75 EPS for the current year. This is a positive change from Steel Dynamics's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $0.62 annualized dividend and a yield of 1.90%. Steel Dynamics Inc. had 39 analyst reports since July 22, 2015 according to SRatingsIntel.

STLD has been the topic of several recent analyst reports.

Steel Dynamics (NASDAQ:STLD) last posted its earnings results on Tuesday, January 24th. They now have a buy rating on the basic materials company's stock.

Steel Dynamics, Inc. (STLD) have shown a high EPS growth of 5.00% in the last 5 years and has earnings decline of 389.30% yoy. Macquarie restated a "neutral" rating on shares of Steel Dynamics in a research report on Monday, March 20th. Finally, Jefferies Group LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Steel Dynamics in a report on Thursday, March 16th. (NASDAQ:STLD), 10 have Buy rating, 0 Sell and 4 Hold. The company presently has an average rating of Buy and a consensus price target of $36.74. The shares were sold at an average price of $35.64, for a total value of $5,000,113.80.

About 7,046 shares traded. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 4.10% of the company's stock.

01/12/2017 - Steel Dynamics, Inc. was downgraded to " by analysts at Credit Suisse. The Firm 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.

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