News coverage about Steel Dynamics (NASDAQ:STLD) has been trending somewhat positive on Wednesday, according to Alpha One Sentiment Analysis. The research firm, a subsidiary of Accern, scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Steel Dynamics earned a news impact score of 0.02 on Alpha One’s scale. Alpha One also assigned news coverage about Steel Dynamics an impact score of 68 out of 100, meaning that recent press coverage is likely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected AlphaOne Sentiment Analysis’s analysis:
- Steel Dynamics, Inc. (STLD) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Steel Dynamics : Applauds Executive Order on Improving Duty Collection; Executive order to close loopholes used to evade AD/CVD Collection (4-traders.com)
- Steel Dynamics Applauds Executive Order on Improving Duty Collection (finance.yahoo.com)
- Momentum Stocks in Focus Steel Dynamics, Inc. (NASDAQ:STLD), Akorn, Inc. (NASDAQ:AKRX) – Daily News Journal (journalfinance.net)
- All The Recent Sell-Side Sentiment On Steel Dynamics, Inc. (STLD … – USA Commerce Daily (usacommercedaily.com)
A number of equities research analysts recently weighed in on the stock. BMO Capital Markets reissued a “buy” rating and issued a $48.00 price target on shares of Steel Dynamics in a research report on Wednesday, March 22nd. JPMorgan Chase & Co. boosted their price target on shares of Steel Dynamics from $41.00 to $44.00 and gave the company an “overweight” rating in a research report on Wednesday, March 22nd. Deutsche Bank AG boosted their price target on shares of Steel Dynamics from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st. Macquarie reissued a “neutral” rating on shares of Steel Dynamics in a research report on Monday, March 20th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.00 target price on shares of Steel Dynamics in a report on Thursday, March 16th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.74.
Steel Dynamics (NASDAQ:STLD) traded down 3.43% on Wednesday, reaching $34.10. 3,156,130 shares of the company traded hands. Steel Dynamics has a 12 month low of $22.19 and a 12 month high of $40.17. The company has a 50-day moving average price of $35.54 and a 200-day moving average price of $32.93. The company has a market capitalization of $8.26 billion, a P/E ratio of 21.86 and a beta of 1.35.
Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.43 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The company earned $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. Steel Dynamics had a net margin of 4.91% and a return on equity of 17.30%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the business earned $0.09 EPS. Equities research analysts expect that Steel Dynamics will post $2.75 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.155 per share. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 1.82%. The ex-dividend date is Wednesday, March 29th. Steel Dynamics’s dividend payout ratio (DPR) is currently 35.90%.
In other Steel Dynamics news, Director Richard P. Teets, Jr. sold 140,295 shares of the firm’s stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $35.64, for a total transaction of $5,000,113.80. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. 4.10% of the stock is owned by company insiders.
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Steel Dynamics Company Profile
Steel Dynamics, Inc is a steel producing and a metal recycling company. 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. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.
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