Steel Dynamics, Inc. (NASDAQ:STLD) Releases Q2 Earnings Guidance

Vincent Carr
July 16, 2017

The fund owned 1,314,655 shares of the basic materials company's stock after buying an additional 223,142 shares during the period. Steel Dynamics, Inc. The stock has a market cap of $8.84 billion, a PE ratio of 17.26 and a beta of 1.25. The stock rose 0.03% or $0.01 reaching $36. About 75,871 shares traded. It has underperformed by 4.41% the S&P500.

Steel Dynamics Inc (NASDAQ:STLD) opened its previous trading session at $36.08 later Inclining 2.25% to close its trade at a share price of $36.8. Deutsche Bank Ag who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $9.12 billion market cap company. About 236,113 shares traded. Steel Dynamics has a 52-week low of $22.79 and a 52-week high of $40.17. It has outperformed by 27.69% the S&P500. Macquarie Group Ltd. boosted its stake in shares of Steel Dynamics by 910.3% in the fourth quarter.

Since January 1, 0001, it had 0 buys, and 4 selling transactions for $1.75 million activity.'s article titled: "Callon Petroleum Company Announces Upcoming Investor Event" and published on June 20, 2017 is yet another important article.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. Therefore 75% are positive. (NASDAQ:STLD). Loomis Sayles Lp reported 144 shares stake. (NASDAQ:STLD) on Wednesday, March 23 with "Overweight" rating. On Wednesday, July 13 the stock rating was maintained by Barclays Capital with "Overweight". Citigroup has "Buy" rating and $33 target. The stock of Fortive Corp (NYSE:FTV) earned "Neutral" rating by Robert W. Baird on Friday, July 8. The firm has "Hold" rating by Jefferies given on Tuesday, June 6. The rating was maintained by Citigroup on Thursday, August 11 with "Neutral". The stock has a consensus recommendation of "Buy" and a consensus price objective of $38.03.

Analysts await Callon Petroleum Company (NYSE:CPE) to report earnings on August, 14. STLD's profit will be $217.50 million for 10.00 P/E if the $0.90 EPS becomes a reality. During the same quarter in the previous year, the firm posted $0.26 earnings per share.

Investors sentiment increased to 0.96 in Q4 2016. Its up 0.64, from 1.55 in 2016Q3. The total number of Outstanding Shares is 241.79 Million. Zimmer Ptnrs Limited Partnership owns 3.69M shares or 1.79% of their United States portfolio. Wells Fargo And Mn holds 0% or 53,190 shares. Blackrock Institutional Tru Na reported 4.42 million shares. Thompson Davis & holds 0.03% or 500 shares. Vr Advisory Ser holds 3.12% or 320,000 shares. Pictet Asset Management Ltd owns 422,612 shares. The Highline Capital Management Llc holds 2.66M shares with $94.79 million value, down from 2.82M last quarter. Parametric Assoc Ltd Liability Corporation accumulated 0.01% or 130,091 shares. Discovery Mgmt Lc Ct owns 6.79M shares. Bw Gestao De Investimentos Ltda. owns 150,000 shares or 4.42% of their U.S. portfolio.

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Since March 16, 2017, it had 0 buys, and 1 insider sale for $5.00 million activity. Steel Dynamics's payout ratio is presently 29.25%.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, April 19th. The stock of Steel Dynamics, Inc.

The stock witnessed 19.03% gains, 0.17% gains and -52.56% declines for the 1-month, 3-month and 6-month period, respectively. It increased, as 14 investors sold TMHC shares while 36 reduced holdings. 82 funds opened positions while 101 raised stakes. The investment professionals in our partner's database reported: 201.62 million shares, up from 189.89 million shares in 2016Q3. Stockholders of record on Friday, June 30th will be given a dividend of $0.155 per share. 507,471 were accumulated by Raymond James And Associate. Noting its average daily volume at 0.44 million shares each day over the month, this signifies a pretty significant change over the norm. The correct version of this piece can be accessed at (NASDAQ:STLD) for 13,800 shares. Royal Bankshares Of Canada reported 0% stake. (NASDAQ:STLD). Envestnet Asset Mngmt reported 41,145 shares stake. Great West Life Assurance Can has 167,860 shares for 0.02% of their portfolio.

More notable recent Steel Dynamics, Inc. (NASDAQ:STLD). Comerica Secs accumulated 0.16% or 7,262 shares. The New York-based Qs Limited Liability Com has invested 0% in Taylor Morrison Home Corp (NYSE:TMHC). Equities research analysts forecast that Steel Dynamics will post $2.76 earnings per share for the current year. Five analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Therefore 79% are positive.

Based on their most recently released notes to investors, 5 analysts have a rating of "buy", 7 analysts "outperform", 2 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Old National Bank In has 0.03% invested in Steel Dynamics, Inc. As per Monday, December 14, the company rating was upgraded by Nomura. (NASDAQ:STLD) earned "Outperform" rating by Cowen & Co on Wednesday, October 21. Deutsche Bank maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Tuesday, March 8 to "Buy" rating. The rating was reinitiated by Jefferies with "Buy" on Wednesday, January 13. BMO Capital Markets reaffirmed a "buy" rating and set a $48.00 target price on shares of Steel Dynamics in a research note on Wednesday, March 22nd. The firm has "Buy" rating given on Thursday, June 22 by RBC Capital Markets. The firm has "Neutral" rating by Credit Suisse given on Thursday, January 12.

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