Steel Dynamics, Inc. (NASDAQ:STLD) Given Average Rating of “Hold” by Analysts

Shares of Steel Dynamics, Inc. (NASDAQ:STLD) have been assigned an average rating of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $143.38.

A number of analysts have recently issued reports on STLD shares. JPMorgan Chase & Co. cut their price objective on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. UBS Group reaffirmed a “neutral” rating and set a $149.00 price objective (up from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. Citigroup dropped their price objective on shares of Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 target price for the company. Finally, BNP Paribas upgraded shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd.

Steel Dynamics Price Performance

Shares of STLD opened at $122.35 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.26 and a debt-to-equity ratio of 0.31. The company’s fifty day simple moving average is $127.27 and its 200 day simple moving average is $126.38. Steel Dynamics has a 1-year low of $104.60 and a 1-year high of $155.56. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 12.48 and a beta of 1.36.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.25%. During the same quarter in the prior year, the firm earned $2.61 earnings per share. On average, research analysts forecast that Steel Dynamics will post 8.93 earnings per share for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.50%. Steel Dynamics’s dividend payout ratio (DPR) is presently 18.78%.

Insider Buying and Selling at Steel Dynamics

In other news, SVP Richard A. Poinsatte sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $138.75, for a total value of $277,500.00. Following the completion of the transaction, the senior vice president now directly owns 21,101 shares in the company, valued at approximately $2,927,763.75. The trade was a 8.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Miguel Alvarez sold 6,650 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total transaction of $950,950.00. Following the sale, the senior vice president now owns 116,949 shares in the company, valued at $16,723,707. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,650 shares of company stock valued at $1,498,170 in the last three months. Corporate insiders own 6.00% of the company’s stock.

Hedge Funds Weigh In On Steel Dynamics

Institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in Steel Dynamics in the third quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in shares of Steel Dynamics during the 4th quarter valued at approximately $28,000. Private Trust Co. NA increased its position in Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 245 shares in the last quarter. Brooklyn Investment Group bought a new position in Steel Dynamics in the 3rd quarter valued at approximately $61,000. Finally, Quest Partners LLC acquired a new stake in Steel Dynamics in the third quarter valued at approximately $62,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.