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Updated Analyst's outlook: Steel Dynamics, Inc.'s (STLD)

21 April 2017

STLD has been the topic of several recent analyst reports. BMO Capital Markets reiterated a "buy" rating and issued a $48.00 price target on shares of Steel Dynamics in a report on Wednesday, March 22nd. (NASDAQ:STLD) have recently changed their ratings on the stock. Macquarie cut shares of Steel Dynamics from an outperform rating to a neutral rating and set a $35.00 target price for the a report on Tuesday, November 29th. (NASDAQ:STLD) declined -0.52% to $32.74. Deutsche Bank AG upped their target price on Steel Dynamics from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Tuesday, March 21st. Sell-side analysts tap into their vast knowledge of the company to help gauge future stock movement. In terms of recent volatility, the average for the month is 3.31% and 3.03% for the past week.

The company surged 0.09% and closed its last trading session at $32.67. The company's stock had a trading volume of 3,359,247 shares.

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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. The total market capitalization remained at $7.67 billion.

Steel Dynamics, a steel producing and a metal recycling company.

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Quantitative Investment Management Llc decreased Steel Dynamics Inc (STLD) stake by 18.28% reported in 2016Q4 SEC filing. The basic materials company reported $0.82 EPS for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.03. Analysts' estimates typically exclude special items. Apart from these items, the company's adjusted fourth quarter 2016 net income was $106 million, or $0.43 per diluted share. Steel Dynamics's quarterly revenue was up 20.1% on a year-over-year basis. Bw Gestao De Investimentos Ltda owns 4.42% invested in Steel Dynamics, Inc. The correct version of this news story can be viewed at [[permalink]]. If you are accessing this news story on another publication, it was stolen and reposted in violation of USA and global copyright and trademark laws.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 10th. Overweight rating was issued by 1 and Underweight rating was suggested by 0 Investors should trade with caution and watch out for further signals. (NASDAQ:STLD) earned "Buy" rating by Nomura on Wednesday, March 9.

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Let's have a look at some of the important valuation ratios of the Steel Dynamics, Inc. This represents a $0.62 annualized dividend and a dividend yield of 1.88%. Steel Dynamics Inc. had 39 analyst reports since July 22, 2015 according to SRatingsIntel. Another trade for 140,295 shares valued at $5.00M was sold by TEETS RICHARD P JR. Banced Corp now owns 9,487 shares of the company's stock valued at $330,000 after buying an additional 785 shares during the last quarter. Hedge funds and other institutional investors own 79.46% of the company's stock. The Company's business consists primarily of owning, managing, operating, leasing, acquiring, developing, investing in, and disposing of office real estate assets. BlackRock Fund Advisors raised its position in Steel Dynamics by 4.4% in the third quarter. Inside the closing six months period the stock's performance raised 38.01% while overall yearly performance gained 35.87%. 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. The company's 5 year Earnings per share growth and Capital Spending growth remains at 5.04 and 3.48. Insiders own 4.10% of the company's stock. Boosts Steel Dynamics, Inc. The Firm 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. The Company's divisions include steel operations, metals recycling operations, steel fabrication activities and Other Operations.