November 30, 2016 - By Marie Mckinney · 0 Comments
Steel Dynamics Inc (NASDAQ:STLD) institutional sentiment decreased to 0.91 in Q2 2016. Its down -0.48, from 1.39 in 2016Q1. The ratio worsened, as 198 investment managers increased or started new positions, while 142 reduced and sold holdings in Steel Dynamics Inc. The investment managers in our partner’s database now hold: 197.44 million shares, up from 188.47 million shares in 2016Q1. Also, the number of investment managers holding Steel Dynamics Inc in their top 10 positions was flat from 5 to 5 for the same number . Sold All: 38 Reduced: 104 Increased: 128 New Position: 70.
Steel Dynamics, Inc. is a steel producing and a metal recycling company. The company has a market cap of $8.52 billion. The Firm is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. It has a 79.74 P/E ratio.
The stock decreased 0.70% or $0.25 during the last trading session, hitting $35.23. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 40.53% since April 27, 2016 and is uptrending. It has outperformed by 35.30% the S&P500.
Analysts await Steel Dynamics, Inc. (NASDAQ:STLD) to report earnings on January, 23. They expect $0.43 EPS, up 377.78% or $0.34 from last year’s $0.09 per share. STLD’s profit will be $103.99M for 20.48 P/E if the $0.43 EPS becomes a reality. After $0.65 actual EPS reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts -33.85% negative EPS growth.
According to Zacks Investment Research, “Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company’s customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.”
3G Capital Partners Lp holds 4.83% of its portfolio in Steel Dynamics, Inc. for 2.50 million shares. Pyrrho Capital Management Lp owns 53,000 shares or 4.05% of their US portfolio. Moreover, Hwg Holdings Lp has 2.9% invested in the company for 127,653 shares. The Massachusetts-based Eventide Asset Management Llc has invested 2.23% in the stock. Anchor Bolt Capital Lp, a Illinois-based fund reported 2.20 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 3 selling transactions for $896,670 net activity.
Ratings analysis reveals 69% of Steel Dynamics Inc.’s analysts are positive. Out of 13 Wall Street analysts rating Steel Dynamics Inc., 9 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $21 while the high is $33. The stock’s average target of $26.38 is -25.12% below today’s ($35.23) share price. STLD was included in 36 notes of analysts from July 22, 2015. The stock has “Buy” rating given by Nomura on Monday, December 14. The firm has “Buy” rating by Berenberg given on Tuesday, March 8. The firm has “Buy” rating by Citigroup given on Monday, August 22. The stock has “Hold” rating given by Berenberg on Monday, November 14. The firm has “Buy” rating by Bank of America given on Wednesday, October 26. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Neutral” rating by Rosenblatt on Monday, November 14. On Friday, October 21 the stock rating was maintained by Cowen & Co with “Outperform”. The stock has “Outperform” rating given by Cowen & Co on Wednesday, October 21. The stock has “Outperform” rating given by Credit Suisse on Wednesday, March 23. The firm has “Buy” rating given on Wednesday, October 14 by Berenberg.
Steel Dynamics, Inc., incorporated on June 16, 1994, is a steel producing and a metal recycling company. The Firm is engaged in manufacturing and selling of steel products, processing and selling of recycled ferrous and non-ferrous metals, and fabricating and selling of steel joist and deck products. The Company’s divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations. The Firm offers a range of steel products, which include sheet products, such as hot roll, cold roll and coated steel, including light gauge hot roll, galvanized and painted products; long products, such as structural steel beams, pilings, and various merchant-bar products, including rounds, angles, flats, channels and reinforcing bar, and steel fabrication products, including steel joists and steel deck material, including specialty deck. It offers an array of both ferrous and nonferrous scrap processing, scrap management, transportation, and brokerage services and products. The Firm also offers steel finishing and fabrication services.
Another recent and important Steel Dynamics, Inc. (NASDAQ:STLD) news was published by Prnewswire.com which published an article titled: “Steel Dynamics Announces Offering of Notes” on November 29, 2016.
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By Marie Mckinney