Bank of Nova Scotia decreased its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) to release earnings on October, 18.
More notable recent Steel Dynamics, Inc.
Several other hedge funds also recently made changes to their positions in the stock. After $0.63 actual earnings per share reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts 17.46 % EPS growth. 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. Boston Partners boosted its holdings in shares of Steel Dynamics by 11.9% during the 2nd 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. State Street Corp boosted its holdings in shares of Steel Dynamics by 2.9% during the 1st quarter. The fund owned 425,000 shares of the basic materials company's stock after selling 175,000 shares during the period. Finally, First Allied Advisory Services Inc. boosted its stake in Steel Dynamics by 2.8% in the 2nd quarter. Prudential Financial Inc. now owns 4,079,525 shares of the basic materials company's stock worth $146,088,000 after buying an additional 727,722 shares during the period. Steel Dynamics has an average rating of "Buy" and a consensus target price of $40.63. (NASDAQ STLD) traded up 1.11% during midday trading on Thursday, reaching $36.38. The total amount of shares outstanding is 238.07 million, giving the company a market capitalization of about 8.57 billion.
Steel Dynamics, Inc. (NASDAQ:STLD), maintained return on investment for the last twelve months at -, higher than what Reuters data shows regarding industry's average. The basic materials company reported $0.63 EPS for the quarter, meeting analysts' consensus estimates of $0.63. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.37 billion. They expect $0.74 earnings per share, up 13.85 % or $0.09 from last year's $0.65 per share.
Insider Trading Activity for Steel Dynamics, Inc.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Saturday, September 30th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.72%. Steel Dynamics's dividend payout ratio is presently 28.57%. Rosenblatt maintained the stock with "Neutral" rating in Tuesday, May 10 report. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 approximately $1,018,902.90. The disclosure for this sale can be found here.
A number of equities analysts have recently commented on STLD shares. The Manufacturers Life Insurance Company now owns 356,951 shares of the basic materials company's stock worth $12,784,000 after buying an additional 6,861 shares during the last quarter. Longbow Research downgraded shares of Steel Dynamics from a "buy" rating to a "neutral" rating in a research note on Monday, October 2nd.
Ratings analysis reveals 69% of Steel Dynamics Inc.'s analysts are positive. The firm owned 750,350 shares of the basic materials company's stock after purchasing an additional 35,777 shares during the period. Finally, Macquarie began coverage on shares of Steel Dynamics in a report on Wednesday, September 6th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock.
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Steel Dynamics, Inc. (NASDAQ:STLD) ended its day at $35.98 with the rising stream of 0.98% and its total traded volume was 3 million shares more than the average volume. 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.