Buyers and Sellers Alert -Steel Dynamics, Inc. (NASDAQ:STLD)

Postado Setembro 20, 2017

USA Financial Portformulas Corp bought a new stake in shares of Steel Dynamics in the 2nd quarter valued at about $525,000. Jaffetilchin Investment Partners LLC now owns 10,781 shares of the basic materials company's stock worth $375,000 after purchasing an additional 65 shares in the last quarter. Steel Dynamics's payout ratio is 28.57%. Corporate insiders own 4.20% of the company's stock. Alpha Windward LLC boosted its stake in Steel Dynamics by 1.1% in the 2nd quarter. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The shares were sold at an average price of $38.42, for a total value of $190,755.30. Following the completion of the sale, the director now directly owns 1,005,666 shares of the company's stock, valued at $38,637,687.72. "(NASDAQ:STLD)" was posted by TrueBlueTribune and is owned by of TrueBlueTribune.

TRADEMARK VIOLATION WARNING: This piece was originally posted by StockNewsTimes and is owned by of StockNewsTimes. Twin Capital Management Inc. purchased a new position in shares of Steel Dynamics during the second quarter valued at approximately $781,000.

Steel Dynamics, Inc. announced a dividend for shareholders that was paid on Fri Jul 7, 2017.

The company is now up since yesterday's close of 33.8. The company has market capitalization of $8.11B.

Shares last traded at $33.83 which is a tad under the 50 day moving average which is $34.57 and barely below the 200 day moving average of $34.92.

Steel Dynamics, Inc. (STLD) provided third quarter 2017 earnings guidance in the range of $0.61 to $0.65 per diluted share, which includes estimated charges of $8 million (before taxes), or about $0.02 per diluted share, related to the company's third quarter 2017 debt refinancing activities. As of the latest earnings report the EPS was $2.18 and is estimated to be $2.79 for the current year with 239,872,000 shares presently outstanding. Steel Dynamics had a net margin of 6.07% and a return on equity of 21.75%. The company had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter previous year, the firm posted $0.58 earnings per share. The company's revenue was up 18.1% compared to the same quarter a year ago. Stockholders of record on Saturday, September 30th will be given a dividend of 0.155 per share by the basic materials company on Thursday, October 12th. This represents a $0.62 annualized dividend and a yield of 1.83%. Steel Dynamics's dividend payout ratio is now 28.57%.

Several Wall Street investment firms have released ratings on STLD. Berenberg Bank reiterated a "buy" rating and issued a $46.00 price target on shares of Steel Dynamics in a report on Monday, June 19th. BidaskClub lowered Steel Dynamics from a "hold" rating to a "sell" rating in a research note on Saturday, June 17th. Citigroup Inc. cut their price target on shares of Steel Dynamics from $43.00 to $41.00 and set a "buy" rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. On September 12 the company was downgraded from " to "Equal-Weight" and a price target of $33.00 was set by analysts at Morgan Stanley.

THIRD QUARTER 2017 profitability from the company's steel operations is predictable to be similar to sequential q2 results, based on somewhat higher shipments being offset by metal spread compression. 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. The Business's segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.