Several analysts have recently updated their ratings and price targets for Steel Dynamics (NASDAQ: STLD):

  • 9/21/2016 – Steel Dynamics had its price target lowered by analysts at Credit Agricole SA from $29.00 to $27.00. They now have a “market perform” rating on the stock.
  • 9/20/2016 – Steel Dynamics was given a new $35.00 price target on by analysts at Berenberg Bank. They now have a “buy” rating on the stock.
  • 9/20/2016 – Steel Dynamics was given a new $33.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
  • 9/20/2016 – Steel Dynamics had its “hold” rating reaffirmed by analysts at Bank of America Corp.. They now have a $27.00 price target on the stock.
  • 9/15/2016 – Steel Dynamics was given a new $28.00 price target on by analysts at Jefferies Group. They now have a “buy” rating on the stock.
  • 8/22/2016 – Steel Dynamics is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $33.00 price target on the stock.
  • 8/16/2016 – Steel Dynamics had its “buy” rating reaffirmed by analysts at Morgan Stanley. They now have a $27.00 price target on the stock.
  • 8/13/2016 – Steel Dynamics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company’s customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing. “
  • 8/3/2016 – Steel Dynamics had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/2/2016 – Steel Dynamics had its “buy” rating reaffirmed by analysts at Berenberg Bank. They now have a $35.00 price target on the stock.
  • 8/1/2016 – Steel Dynamics was given a new $33.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.

Shares of Steel Dynamics, Inc. (NASDAQ:STLD) opened at 24.85 on Thursday. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 507.14 and a beta of 1.70. The firm’s 50-day moving average is $24.95 and its 200 day moving average is $24.56. Steel Dynamics, Inc. has a 12 month low of $15.32 and a 12 month high of $28.01.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings data on Monday, July 18th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. Steel Dynamics had a return on equity of 10.79% and a net margin of 0.17%. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same quarter last year, the company earned $0.22 earnings per share. Equities analysts expect that Steel Dynamics, Inc. will post $2.07 EPS for the current year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, September 28th. Steel Dynamics’s payout ratio is currently 1,120.00%.

In other Steel Dynamics news, Director Keith E. Busse sold 13,155 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $27.00, for a total value of $355,185.00. Following the completion of the sale, the director now owns 1,006,894 shares of the company’s stock, valued at $27,186,138. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jurgen Dr Kolb sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $26.50, for a total value of $26,500.00. Following the completion of the sale, the director now directly owns 65,014 shares of the company’s stock, valued at approximately $1,722,871. The disclosure for this sale can be found here. Corporate insiders own 4.10% of the company’s stock.

5 Day Chart for NASDAQ:STLD

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