Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

Steel Dynamics, Inc. (NASDAQ:STLD - Get Rating) Director Keith E. Busse sold 5,040 shares of the company's stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $83.51, for a total value of $420,890.40. Following the completion of the sale, the director now directly owns 724,034 shares in the company, valued at approximately $60,464,079.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ STLD traded down $0.63 during trading hours on Monday, hitting $82.31. 37,375 shares of the company's stock were exchanged, compared to its average volume of 2,382,999. The business's 50 day moving average is $83.65 and its 200-day moving average is $71.50. Steel Dynamics, Inc. has a 12-month low of $50.54 and a 12-month high of $100.37. The firm has a market capitalization of $15.53 billion, a P/E ratio of 4.28 and a beta of 1.30. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.74 and a current ratio of 3.42.

Steel Dynamics (NASDAQ:STLD - Get Rating) last announced its earnings results on Wednesday, April 20th. The basic materials company reported $6.02 EPS for the quarter, beating the consensus estimate of $5.58 by $0.44. The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.35 billion. Steel Dynamics had a return on equity of 69.88% and a net margin of 19.02%. The company's revenue was up 57.1% on a year-over-year basis. During the same period last year, the business posted $2.10 EPS. As a group, equities research analysts anticipate that Steel Dynamics, Inc. will post 21.52 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.36 annualized dividend and a dividend yield of 1.65%. Steel Dynamics's payout ratio is currently 7.02%.

Steel Dynamics announced that its Board of Directors has approved a stock repurchase plan on Monday, February 28th that authorizes the company to buyback $1.25 billion in outstanding shares. This buyback authorization authorizes the basic materials company to purchase up to 8.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its stock is undervalued.

Several large investors have recently made changes to their positions in STLD. Rational Advisors LLC acquired a new stake in Steel Dynamics during the 4th quarter valued at approximately $25,000. Citizens National Bank Trust Department acquired a new stake in Steel Dynamics during the 4th quarter valued at approximately $25,000. Allegheny Financial Group LTD acquired a new stake in Steel Dynamics during the 4th quarter valued at approximately $27,000. UMB Bank N A MO acquired a new stake in Steel Dynamics during the 4th quarter valued at approximately $27,000. Finally, Riverview Trust Co acquired a new stake in Steel Dynamics during the 1st quarter valued at approximately $28,000. Institutional investors and hedge funds own 83.19% of the company's stock.

Several analysts have weighed in on STLD shares. BMO Capital Markets upped their target price on Steel Dynamics from $95.00 to $104.00 in a report on Friday, April 22nd. JPMorgan Chase & Co. upped their target price on Steel Dynamics from $95.00 to $117.00 and gave the company an "overweight" rating in a report on Thursday, March 24th. StockNews.com started coverage on Steel Dynamics in a research note on Thursday, March 31st. They set a "buy" rating on the stock. Zacks Investment Research lowered Steel Dynamics from a "strong-buy" rating to a "hold" rating and set a $82.00 price objective on the stock. in a research note on Tuesday, May 24th. Finally, The Goldman Sachs Group lowered Steel Dynamics from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $114.00 to $92.00 in a research note on Tuesday, May 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $86.25.

Steel Dynamics Company Profile (Get Rating)

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars.

Further ReadingGet a free copy of the StockNews.com research report on Steel Dynamics (STLD) CrowdStrike earnings and revenue beat forecasts, stock fallsRyder System, Inc: The Most Interesting Play In Logistics This Isn’t A Buyable Bottom For Stocks Macys Stock is Ready to Buy First Solar Stock is Ready to Shine

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Steel Dynamics, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Steel Dynamics wasn't on the list.

While Steel Dynamics currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:

In this episode, Kate’s guest is Tyler Laundon, editor of the Cabot Small-Cap Confidential and grand slam advisory Cabot Early Opportunities newsletters. Tyler shares his analysis of the small-cap asset class, within the lens of the broader market. He also offers some stocks he’s eyeing right now as potential watch-list candidates.

Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:

View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.

Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.

Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.