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Featured Stock to See: Steel Dynamics Inc. (STLD)
21 April 2017, 03:21 | Kelvin Horton
Steel Dynamics's dividend payout ratio is now 35.90%. (NASDAQ:STLD) is performing -7.68%.
Sell-side firms are projecting that the stock will reach 42.62 within the next year. Alpha Windward LLC's holdings in Steel Dynamics were worth $490,000 at the end of the most recent quarter. Insiders own 4.10% of the company's stock. Banced Corp raised its position in shares of Steel Dynamics by 9.0% in the first quarter.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares. Highline Capital Management L.P. acquired a new stake in Steel Dynamics during the third quarter valued at about $70,494,000. The short ratio in the company's stock is documented at 2.09 and the short float is around of 3.20%. Norges Bank purchased a new position in Steel Dynamics during the fourth quarter worth about $213,607,000. The stock decreased 0.52% or $0.17 during the last trading session, reaching $32.74.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Steel Dynamics Inc. the EPS stands at 0.43 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.43, suggesting the stock fell short of the analysts' expectations. As per Wednesday, July 13, the company rating was maintained by Barclays Capital.
The number of shares now held by investors is 242.38 Million. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 32.59% since September 8, 2016 and is uptrending. 3,145,650 shares of the company's stock traded hands. Steel Dynamics, Inc. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 21.10 and a beta of 1.35.
The stock's price switched up -5.32% 20-Days Simple Moving Average, dropped -6.95% from 50-Days Simple Moving Average and rose 6.69% from 200 Days Simple Moving Average. 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 firm had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.88 billion. They expect $0.47 earnings per share, down 38.16% or $0.29 from last year's $0.76 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.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 10th. This is a boost from Steel Dynamics's previous quarterly dividend of $0.14. The firm earned "Buy" rating on Friday, March 10 by Compass Point. Steel Dynamics's dividend payout ratio is presently 35.90%.
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Several equities research analysts have weighed in on the stock. Steel Dynamics, Inc. (NASDAQ:STLD) has a current PEG Ratio of 0.82. JPMorgan Chase & Co. now has an overweight rating on the basic materials company's stock. BMO Capital Markets reiterated a "buy" rating and issued a $48.00 target price on shares of Steel Dynamics in a research report on Wednesday, March 22nd. Jefferies Group LLC reissued a buy rating and issued a $45.00 price objective on shares of Steel Dynamics in a research note on Thursday, March 16th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
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