London Stock Exchange – Steel Dynamics, Inc. (NASDAQ: STLD) Given the average “buy” recommendation by brokerage firms | Zoom Fintech

London Stock Exchange – Steel Dynamics, Inc. (NASDAQ: STLD) Given the average “buy” recommendation by brokerage firms

Shares of Steel Dynamics, Inc. (NASDAQ: STLD) have received a consensus recommendation to “Buy” by the ten research companies that currently cover the stock, Marketbeat reports. One equity research analyst rated the stock with a sell recommendation, another issued a hold recommendation, and seven issued a buy recommendation on the company. The one-year average price target among brokerage firms that updated their equity coverage in the past year is $ 33.75.

A number of research analysts have commented on the title. BMO Capital Markets raised its price target for Steel Dynamics shares from $ 32.00 to $ 35 and assigned the stock a “market performance” rating in a research note on Wednesday, October 21. Credit Suisse Group upgraded Steel Dynamics shares from “neutral” to “outperforming” and set a price target of $ 52.00 for the company in a research note Wednesday. Finally, Morgan Stanley lowered its price target for Steel Dynamics shares from $ 45 to $ 44.00 and set an “overweight” rating for the company in a research note on Wednesday, January 27.

The NASDAQ STLD opened at $ 37.63 on Friday. The company has a leverage ratio of 0.65, a quick ratio of 1.91, and a current ratio of 3.28. The company has a 50-day simple moving average of $ 37.61 and a 200-day simple moving average of $ 33.43. Steel Dynamics has a twelve month low of $ 14.98 and a twelve month high of $ 42.10. The stock has a market cap of $ 7.92 billion, a PE ratio of 16.58, a PEG ratio of 1.06 and a beta of 1.40.

Steel Dynamics (NASDAQ: STLD) last released its results on Sunday, January 24. The basic materials company reported earnings of $ 0.97 per share for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.82 of $ 0.15. Steel Dynamics had a net margin of 5.17% and a return on equity of 13.33%. The company posted revenue of $ 2.60 billion in the quarter, compared to $ 2.52 billion expected by analysts. In the same quarter of last year, the company made earnings per share of $ 0.62. The company’s revenue grew 9.7% year-over-year. Research analysts predict that Steel Dynamics will post earnings per share of 2.63 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 15. Shareholders of record on Thursday, December 31, received a dividend of $ 0.25 per share. This represents an annualized dividend of $ 1.00 and a dividend yield of 2.66%. The ex-dividend date was Wednesday, December 30. Steel Dynamics’ payout ratio is 32.26%.

Several hedge funds and other institutional investors have recently bought and sold shares in the company. Boston Partners increased its stake in Steel Dynamics shares by 143.0% during the fourth quarter. Boston Partners now owns 9,560,516 shares of the basic materials company valued at $ 352,496,000 after purchasing an additional 5,625,748 shares in the last quarter. LSV Asset Management increased its stakes in Steel Dynamics shares by 2.0% in the third quarter. LSV Asset Management now owns 3,202,800 shares of the basic materials company valued at $ 91,696,000 after purchasing an additional 61,300 shares in the last quarter. LAO LP increased its holdings of Steel Dynamics shares by 35.6% in the third quarter. LAO LP now owns 3,053,894 shares of the basic materials company valued at $ 87,432,000 after purchasing an additional 801,871 shares in the last quarter. Royal London Asset Management Ltd. increased its holdings of Steel Dynamics shares by 109.4% in the third quarter. Royal London Asset Management Ltd. now owns 2,707,464 shares of the basic materials company valued at $ 77,609,000 after purchasing an additional 1,414,449 shares in the last quarter. Finally, Hamlin Capital Management LLC increased its stake in Steel Dynamics shares by 14.6% in the third quarter. Hamlin Capital Management LLC now owns 2,307,320 shares of the basic materials company valued at $ 66,059,000 after purchasing an additional 293,978 shares during the last quarter. 79.95% of the shares are held by institutional investors.

About the dynamics of steel

Steel Dynamics, Inc., along with its subsidiaries, operates as a steel producer and metals recycler in the United States. It operates through three segments: steel operations, metal recycling operations and steel fabrication operations. The Steel Operations segment offers hot rolled, cold rolled and coated steel products; Standard and superior quality steel structural beams, piling and railway products; special bar quality engineering products; and commercial grade products, including rounds, angles, flats, rebars, profile sections and special steel sections.

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London Stock Exchange – Steel Dynamics, Inc. (NASDAQ: STLD) Given the average “buy” recommendation by brokerage firms

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