Earnings at the Forefront For Steel Dynamics, Inc

Virginia Retirement Systems ET AL boosted its position in Steel Dynamics by 7.9% in the third quarter. Following the completion of the transaction, the director now directly owns 5,042,939 shares of the company's stock, valued at $179,730,345.96. A ratio above one indicates an increase in the stock price over the six month time frame. Seven Eight Capital LP acquired a new stake in Steel Dynamics during the fourth quarter valued at approximately $141,000. Bank of Montreal Can now owns 3,524,976 shares of the company's stock worth $122,528,000 after buying an additional 273,102 shares in the last quarter. Its share price has decline -6.07% in three months and is down -3.97% for the last five trades. As evidence of the confidence in the company's sustainable long-term cash flow generation capability, the board of directors approved an 11 percent increase in the company's first quarter 2017 cash dividend, reflecting the strength of the company's capital structure and liquidity profile, and the continued optimism and confidence in its future prospects. Green Street Investors Llc owns 100,400 shares or 2.11% of their USA portfolio. Steel Dynamics has a one year low of $22.62 and a one year high of $40.17. The company has a market cap of $7.92 billion, a P/E ratio of 20.96 and a beta of 1.35. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -5.15%. (STLD) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Steel Dynamics Inc. For the last period, the company reported quarter over quarter EPS growth of 107.60% and quarter over quarter sales growth of 20.10%. In the profitability analysis, the company has gross profit margin of 17.20% while net profit margin was 4.90%. The business earned $1.91 billion during the quarter, compared to analysts' expectations of $1.88 billion. During the same period previous year, the company earned $0.09 earnings per share. On average, analysts expect Steel Dynamics to post $2.75 EPS for the current fiscal year and $2.73 EPS for the next fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 10th. Cibc Asset Inc holds 0.01% of its portfolio in Steel Dynamics, Inc. The ex-dividend date of this dividend was Wednesday, March 29th. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.

COPYRIGHT VIOLATION WARNING: This news story was posted by The Cerbat Gem and is the property of of The Cerbat Gem.

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STLD has been the topic of several other reports. See Steel Dynamics, Inc. (STLD). The consensus rating is 2.1, suggesting the market has given up on the stock.

Heading into the earnings release, covering analysts have a consensus target price of $42.62 on Steel Dynamics, Inc. shares. Finally, Berenberg Bank reaffirmed a buy rating and issued a $44.00 price target on shares of Steel Dynamics in a research note on Thursday, March 16th. The analyst recommendations from a month ago are 15 Buy, 2 Overweight, 1 Sell, 13 Hold and 0 Underweight. To measure price-variation, we found STLD's volatility during a week at 3.37% and during a month it has been found around 3.44%. On Thursday, March 16 TEETS RICHARD P JR sold $5.00M worth of Steel Dynamics, Inc. The stock was sold at an average price of $35.64, for a total value of $5,000,113.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Citigroup initiated Steel Dynamics, Inc. 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.

First quarter 2017 operating income from the metals recycling operations was $21.0M, contrast to $10.0M in the sequential fourth quarter (apart from a non-cash goodwill impairment charge of $5.50M). It is positive, as 28 investors sold STLD shares while 162 reduced holdings.

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