The score is derived from five different valuation ratios including price to book value, price to sales, EBITDA to Enterprise Vale, price to cash flow and price to earnings. DekaBank Deutsche Girozentrale raised its stake in Steel Dynamics by 181.0% in the third quarter. A ratio above one indicates an increase in the stock price over the six month time frame. The number of shares now owned by investors are 242.38 mln. The company's steel production utilization rate was 95 percent in the first quarter 2017, contrast to 81 percent in the sequential fourth quarter and contrast to the domestic industry utilization rate of 75 percent. Noting its average daily volume at 3.54 million shares each day over the month, this signifies a pretty significant change over the norm. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 99,624 shares of the company's stock valued at $100,000 after buying an additional 96,824 shares during the last quarter. Finally, Peregrine Capital Management LLC boosted its stake in Steel Dynamics by 7.3% in the first quarter. Boston Partners now owns 11,284,332 shares of the basic materials company's stock valued at $281,995,000 after buying an additional 241,752 shares during the period.
Other hedge funds have also recently modified their holdings of the company. The stock stands almost -17.92% off versus the 52-week high and 47.46% away from the 52-week low.
Steel Dynamics (NASDAQ:STLD) traded up 0.09% during midday trading on Wednesday, reaching $32.70. About shares traded. Piedmont Office Realty Trust, Inc. The company has market cap of $7.72 billion.
The stock's price switched up -5.32% 20-Days Simple Moving Average, dropped -6.95% from 50-Days Simple Moving Average and rose 6.69% from 200 Days Simple Moving Average.
Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Tuesday, January 24th. The company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43.
In the profitability analysis, net profit margin of the firm was recorded at 4.90% and operating profit margin was calculated at 9.40% while gross profit margin was measured as 17.20%.
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One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company. Zacks Investment Research lowered Blackstone Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 31st.
The company's expected revenue in the current quarter to be 2.21 Billion, seeing a projected current quarter growth of 192.3%, and per annum growth estimates over the next 5 year period of around 14.6%. During the same period in the previous year, the firm earned $0.09 earnings per share. In contrast to the year ago quarter EPS was at 0.46.
Now the shares of Steel Dynamics Inc.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. The ex-dividend date was Wednesday, March 29th. This represents a $0.62 annualized dividend and a dividend yield of 1.88%. Steel Dynamics's dividend payout ratio (DPR) is 35.90%.
STLD has been the topic of several recent analyst reports. See Steel Dynamics, Inc. JPMorgan Chase & Co. raised their price objective 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.
The target price for Steel Dynamics Inc. Macquarie reissued a "neutral" rating on shares of Steel Dynamics in a report on Monday, March 20th. Finally, Jefferies Group LLC reiterated a "buy" rating and issued a $45.00 price target on shares of Steel Dynamics in a report on Thursday, March 16th. The company presently has an average rating of Buy and a consensus price target of $36.74. On Thursday, March 16 TEETS RICHARD P JR sold $5.00M worth of Steel Dynamics, Inc. The shares were sold at an average price of $35.64, for a total transaction of $5,000,113.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.10% of the company's stock. The legal version of this story can be read at https://www.com-unik.info/2017/04/16/deutsche-bank-ag-raises-steel-dynamics-inc-stld-price-target-to-45-00-2-updated.html.