Steel Dynamics Inc (NASDAQ:STLD) Institutional Investors Q2 2017 Sentiment

Cornelia Mascio
Ottobre 13, 2017

Stifel Financial Corp decreased its stake in shares of Steel Dynamics, Inc. The firm owned 89,940 shares of the basic materials company's stock after selling 28,152 shares during the period. More interesting news about Steel Dynamics, Inc. Sheaff Brock Investment Advisors LLC now owns 6,408 shares of the basic materials company's stock worth $229,000 after purchasing an additional 20 shares during the period.

Bw Gestao De Investimentos Ltda. holds 7.22% of its portfolio in Steel Dynamics, Inc. for 750,350 shares. First Allied Advisory Services Inc. now owns 8,296 shares of the basic materials company's stock worth $297,000 after purchasing an additional 223 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Steel Dynamics by 2.0% during the second quarter. IHT Wealth Management LLC now owns 407 shares of the basic materials company's stock worth $198,000 after purchasing an additional 3 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Steel Dynamics by 21.7% during the 2nd quarter. Hedge funds and other institutional investors own 82.64% of the company's stock.

Steel Dynamics, Inc. has a 12 month low of $23.34 and a 12 month high of $40.17. The company has a 50-day moving average of $34.35 and a 200 day moving average of $34.89. The total amount of shares outstanding is 238.07 million, giving the company a market capitalization of about 8.57 billion.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Wednesday, July 19th. Steel Dynamics had a return on equity of 21.75% and a net margin of 6.07%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.37 billion. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Steel Dynamics's quarterly revenue was up 18.1% compared to the same quarter previous year.

Wall Street await Steel Dynamics, Inc.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Saturday, September 30th will be issued a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.62 annualized dividend and a yield of 1.72%. Steel Dynamics's dividend payout ratio (DPR) is now 28.57%.

In other Steel Dynamics news, insider Christopher A. Graham sold 5,021 shares of the business's stock in a transaction dated Tuesday, July 25th. Following the completion of the transaction, the director now directly owns 1,005,666 shares of the company's stock, valued at approximately $38,637,687.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith E. Busse sold 4,965 shares of the business's stock in a transaction dated Tuesday, July 25th. Of those transactions, there were 331,369 shares of STLD bought and 260,394 shares sold. Following the completion of the transaction, the insider now owns 26,778 shares of the company's stock, valued at $1,018,902.90. The disclosure for this sale can be found here.

Several analysts recently commented on the stock. Bank of America Corporation restated a "buy" rating and set a $44.00 price objective (up from $42.00) on shares of Steel Dynamics in a research note on Tuesday, September 5th. The rating was reinitiated by Jefferies with "Buy" on Wednesday, January 13. Clarkson Capital restated a "neutral" rating on shares of Steel Dynamics in a report on Thursday, July 20th. The stock's average target of $35.53 is -1.25% below today's ($35.98) share price. The company maintains price to book ratio of 0.00 vs.an industry average at 0.56. Out of 16 Wall Street analysts rating Steel Dynamics Inc., 11 give it "Buy", 0 "Sell" rating, while 5 recommend "Hold".

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Steel Dynamics, Inc is a steel producing and a metal recycling company. 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. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.

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