Monday, 29 May, 2017

Steel Dynamics, Inc. (NASDAQ:STLD) Moving Higher pre-market

Nellie Chapman | 21 April, 2017, 03:31

(NASDAQ:STLD) shares have seen a move of -7.57%. The institutional investor owned 14,090 shares of the company's stock after selling 960 shares during the period. The company has PEG ratio of 1.43 and price to cash ratio of 9.42. A lower P/B ratio could mean that the stock is undervalued. The number of shares now owned by investors are 242.38 mln. Finally, Renaissance Technologies LLC boosted its position in Steel Dynamics by 65.6% in the fourth quarter.

Over the past five trading sessions shares of Union Pacific Corporation (NYSE:UNP) are -0.76%; 1.63% for the month; 3.5% for the last quarter; 11.65% for the past six-months; and 33.02% for the last 12 months. Raymond James Trust N.A. raised its stake in Steel Dynamics by 27.4% in the first quarter. FMR LLC now owns 5,798,084 shares of the basic materials company's stock worth $206,295,000 after buying an additional 3,949,708 shares during the last quarter. Finally, Peregrine Capital Management LLC raised its stake in Steel Dynamics by 7.3% in the first quarter.

Hedge funds have recently added to or reduced their stakes in the company. (STLD) are trading -17.92% downward from the 52-week high mark and 47.46% above from the fifty two-week low mark.

Steel Dynamics (NASDAQ:STLD) traded up 0.09% during midday trading on Wednesday, reaching $32.70. About shares traded. Foresight Energy LP (NYSE:FELP) has risen 30.77% since September 13, 2016 and is uptrending.

Steel Dynamics, Inc. has 50 day moving average of $34.89 and its 200 day moving average of $33.53. Investors who are keeping close eye on the stock of Steel Dynamics, Inc. Total debt to equity ratio of the company for most recent quarter is 0.81 while Long term debt to equity ratio for same time period is 0.80. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $0.09 earnings per share. Sequential fourth quarter 2016 net income was $20 million, or $0.08 per diluted share, which included non-cash goodwill and asset impairment charges of $0.31 per diluted share and debt refinancing and repayment charges of $0.04 per diluted share.

Now the shares of Steel Dynamics Inc. Investors of record on Friday, March 31st were given a dividend of $0.155 per share.

Currently, EPS of Steel Dynamics Inc. The firm earned "Overweight" rating on Wednesday, March 23 by KeyBanc Capital Markets. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.88%.

Steel Dynamics, Inc.is a steel producing and a metal recycling company.

STLD has been the topic of several recent analyst reports. This calculation is derived by dividing the current share price by the projected earnings per share.

Sell-side analyst recommendations point to a short term price target of $41.07 on the shares of Steel Dynamics, Inc.

01/19/2017 - Steel Dynamics, Inc. had its " rating reiterated by analysts at Citigroup. Deutsche Bank AG upped their target price on Steel Dynamics from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, March 21st. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

In other news, Director Richard P. Teets, Jr. sold 140,295 shares of Steel Dynamics stock in a transaction dated Thursday, March 16th. Following the transaction, the director now directly owns 5,042,939 shares of the company's stock, valued at approximately $179,730,345.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.10% of the company's stock. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations. 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.