Steel Dynamics Inc. (NASDAQ:STLD) is set to issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $865.67 million for the quarter.

Earnings History for Steel Dynamics (NASDAQ:STLD)

Shares of Steel Dynamics Inc. (NASDAQ:STLD) opened at 23.73 on Monday. The firm has a market capitalization of $5.78 billion, a P/E ratio of 484.29 and a beta of 1.57. The stock has a 50 day moving average price of $24.43 and a 200 day moving average price of $24.88. Steel Dynamics Inc. has a 52 week low of $15.32 and a 52 week high of $28.01.

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.56 annualized dividend and a yield of 2.36%. Steel Dynamics’s dividend payout ratio (DPR) is presently 1,120.00%.

Several research analysts recently issued reports on the stock. Credit Suisse Group AG set a $33.00 target price on shares of Steel Dynamics and gave the stock a “buy” rating in a research report on Saturday, October 8th. Barclays PLC restated an “overweight” rating and set a $30.00 price target on shares of Steel Dynamics in a research report on Thursday, September 22nd. Cowen and Company set a $33.00 price target on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Tuesday, September 20th. Berenberg Bank set a $35.00 price target on shares of Steel Dynamics and gave the company a “buy” rating in a research report on Tuesday, September 20th. Finally, Credit Agricole SA restated an “outperform” rating and set a $27.00 price target (down from $29.00) on shares of Steel Dynamics in a research report on Wednesday, September 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $27.87.

In other Steel Dynamics news, Director Jurgen Dr Kolb sold 1,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $26.50, for a total value of $26,500.00. Following the sale, the director now owns 65,014 shares in the company, valued at $1,722,871. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith E. Busse sold 13,155 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $27.00, for a total transaction of $355,185.00. Following the completion of the sale, the director now owns 1,006,894 shares in the company, valued at approximately $27,186,138. The disclosure for this sale can be found here. 4.10% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the company. TFS Capital LLC acquired a new stake in shares of Steel Dynamics during the second quarter worth $370,000. Deere & Co. boosted its stake in shares of Steel Dynamics by 449.3% in the second quarter. Deere & Co. now owns 56,100 shares of the company’s stock worth $1,374,000 after buying an additional 45,887 shares during the period. BlueMountain Capital Management LLC boosted its stake in shares of Steel Dynamics by 60.6% in the second quarter. BlueMountain Capital Management LLC now owns 83,318 shares of the company’s stock worth $2,041,000 after buying an additional 31,447 shares during the period. Gideon Capital Advisors Inc. acquired a new stake in shares of Steel Dynamics during the second quarter worth $303,000. Finally, Sei Investments Co. boosted its stake in shares of Steel Dynamics by 2,924.8% in the second quarter. Sei Investments Co. now owns 144,860 shares of the company’s stock worth $3,549,000 after buying an additional 140,071 shares during the period. Institutional investors and hedge funds own 82.42% of the company’s stock.

About Steel Dynamics

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