Shares of Steel Dynamics, Inc. (NASDAQ:STLD - Get Free Report) have received an average recommendation of "Hold" from the eight analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $118.13.
A number of analysts recently weighed in on the stock. UBS Group decreased their target price on shares of Steel Dynamics from $120.00 to $119.00 and set a "neutral" rating on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Steel Dynamics from $95.00 to $98.00 and gave the stock an "underweight" rating in a report on Tuesday, December 12th. BMO Capital Markets upped their target price on shares of Steel Dynamics from $110.00 to $120.00 and gave the stock a "market perform" rating in a report on Monday, March 18th. Finally, Citigroup boosted their price target on shares of Steel Dynamics from $130.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, March 13th.
View Our Latest Stock Report on STLD
Steel Dynamics Stock Performance
Shares of NASDAQ STLD traded up $1.03 during midday trading on Monday, hitting $149.26. The company's stock had a trading volume of 873,815 shares, compared to its average volume of 1,223,473. The stock has a fifty day moving average price of $129.02 and a 200 day moving average price of $117.28. Steel Dynamics has a one year low of $90.55 and a one year high of $151.34. The company has a current ratio of 2.91, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 10.16 and a beta of 1.42.
Steel Dynamics (NASDAQ:STLD - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The basic materials company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.02). Steel Dynamics had a net margin of 13.04% and a return on equity of 29.49%. The business had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.22 billion. During the same period last year, the firm earned $4.37 EPS. The business's revenue for the quarter was down 12.3% on a year-over-year basis. On average, research analysts forecast that Steel Dynamics will post 11.63 EPS for the current fiscal year.
Steel Dynamics Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 14th. Stockholders of record on Sunday, March 31st will be paid a $0.46 dividend. This is a boost from Steel Dynamics's previous quarterly dividend of $0.43. The ex-dividend date is Wednesday, March 27th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.23%. Steel Dynamics's dividend payout ratio is 12.61%.
Institutional Investors Weigh In On Steel Dynamics
A number of institutional investors have recently made changes to their positions in the business. CVA Family Office LLC purchased a new stake in Steel Dynamics during the 4th quarter valued at $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in Steel Dynamics during the 4th quarter valued at $29,000. Lindbrook Capital LLC boosted its position in Steel Dynamics by 117.5% during the 4th quarter. Lindbrook Capital LLC now owns 248 shares of the basic materials company's stock valued at $29,000 after buying an additional 134 shares during the period. Wellington Shields & Co. LLC boosted its position in Steel Dynamics by 50.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 300 shares of the basic materials company's stock valued at $29,000 after buying an additional 100 shares during the period. Finally, Security National Bank purchased a new stake in Steel Dynamics during the 4th quarter valued at $30,000. Hedge funds and other institutional investors own 82.41% of the company's stock.
About Steel Dynamics
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Get Free ReportSteel 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.
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