(STLD) most recent 13F filing, the company has 79 new institutional holders - accounting for 3.69 million shares of its common stock.
Ratings analysis reveals 69% of Steel Dynamics Inc.'s analysts are positive. IHT Wealth Management LLC raised its holdings in Steel Dynamics by 0.7% during the second quarter.
Several other hedge funds also recently made changes to their positions in the stock. State Street Corp boosted its holdings in shares of Steel Dynamics by 2.9% during the 1st quarter. Boston Partners now owns 16,383,812 shares of the basic materials company's stock worth $586,703,000 after buying an additional 1,742,242 shares during the period. BlueCrest Capital Management Ltd now owns 216,054 shares of the basic materials company's stock worth $7,737,000 after buying an additional 95,264 shares during the last quarter. Steel Dynamics's revenue was up 18.1% compared to the same quarter past year. ARP Americas LLC boosted its stake in Steel Dynamics by 2.6% in the 2nd quarter. The fund owned 425,000 shares of the basic materials company's stock after selling 175,000 shares during the period.
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Taking a look at insider trading at Steel Dynamics, Inc. BlackRock Inc. now owns 21,932,609 shares of the basic materials company's stock worth $785,405,000 after buying an additional 1,840,803 shares during the period. In the past 3-month period alone, shares of STLD have appreciated - or. Deutsche Bank AG restated a "buy" rating on shares of Steel Dynamics in a report on Saturday, June 24th. The stock has "Hold" rating by Berenberg on Monday, November 14. Finally, Morgan Stanley downgraded shares of Steel Dynamics from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $45.00 to $33.00 in a research note on Tuesday, September 12th. Out of 16 Wall Street analysts rating Steel Dynamics Inc., 11 give it "Buy", 0 "Sell" rating, while 5 recommend "Hold". The company maintains price to book ratio of 0.00 vs.an industry average at 0.56. "(STLD) is BW Gestao de Investimentos Ltda.'s 2nd Largest Position" was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and global trademark & copyright legislation. (NASDAQ STLD) traded up 1.11% during midday trading on Thursday, reaching $36.38. Steel Dynamics has an average rating of "Buy" and a consensus target price of $40.63. The stock has a 50 day moving average of $34.35 and a 200 day moving average of $34.89.
Steel Dynamics Inc (NASDAQ:STLD) institutional sentiment increased to 1.26 in Q2 2017. Vanguard Group Inc. boosted its holdings in shares of Steel Dynamics by 2.6% during the 2nd quarter. Steel Dynamics had a return on equity of 21.75% and a net margin of 6.07%. The business had revenue of $2.39 billion for the quarter, compared to analysts' expectations of $2.37 billion. Analysts forecast earnings per share of $0.74, up exactly $0.09 or 13.85 % from 2014's $0.65 EPS. During the same quarter in the previous year, the firm earned $0.58 EPS. On average, equities analysts predict that Steel Dynamics, Inc. will post $2.71 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. This represents a $0.62 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Thursday, September 28th. Steel Dynamics's dividend payout ratio (DPR) is presently 28.57%.
EXACT Sciences Corporation (EXAS) Valuation According To Analysts
Spark Investment Management Llc decreased Unisys Corp (NYSE:UIS) stake by 112,847 shares to 39,500 valued at $505,000 in 2017Q2. That's a potential -3.23 decrease relative to where Exact Sciences Corporation (NASDAQ:EXAS) has been trading recently.
In other Steel Dynamics news, insider Christopher A. Graham sold 5,021 shares of the business's stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.05, for a total transaction of $191,049.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. The disclosure for this sale can be found here.
Steel Dynamics, Inc. (NASDAQ:STLD) ended its day at $35.98 with the rising stream of 0.98% and its total traded volume was 3 million shares more than the average volume. 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.
Gotham Asset Management LLC Purchases 60531 Shares of Adobe Systems Incorporated (ADBE)
The stock of Adobe Systems Incorporated (NASDAQ:ADBE) has "Outperform" rating given on Friday, October 2 by RBC Capital Markets. Connors Investor Services Inc increased Starbucks (NASDAQ:SBUX) stake by 5,590 shares to 180,078 valued at $10.50M in 2017Q2.