Steel Dynamics, Inc. (STLD) Analysts See $1.69 EPS

September 16, 2018 - By Jack Shaw

Steel Dynamics, Inc. (NASDAQ:STLD) LogoInvestors sentiment increased to 1.12 in 2018 Q2. Its up 0.04, from 1.08 in 2018Q1. It increased, as 25 investors sold Steel Dynamics, Inc. shares while 154 reduced holdings. 51 funds opened positions while 150 raised stakes. 185.67 million shares or 0.68% more from 184.42 million shares in 2018Q1 were reported.
Cookson Peirce Company Inc invested 1.1% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Lpl Financial Ltd Llc owns 50,084 shares. Hillsdale Inv Mgmt Incorporated, Ontario – Canada-based fund reported 10,090 shares. Twin Cap Management owns 0.04% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 17,437 shares. Canada Pension Plan Board reported 0.02% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Barclays Public Limited Company owns 265,220 shares. Bank Of America De holds 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 1.63 million shares. Earnest Prns Limited Liability Company, Georgia-based fund reported 146 shares. 25,676 were accumulated by Signalpoint Asset Ltd. Moreover, Regal Inv Advisors Ltd Liability Co has 0.42% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Leavell Invest Mngmt Inc owns 12,000 shares. Origin Asset Management Limited Liability Partnership has invested 1.41% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Enterprise reported 62 shares. Moneta Gru Investment Advsr Ltd Liability has 219 shares for 0% of their portfolio. Hsbc Hldg Public Limited Co, United Kingdom-based fund reported 459,863 shares.

Since May 31, 2018, it had 0 insider buys, and 4 selling transactions for $1.24 million activity. 3,590 Steel Dynamics, Inc. (NASDAQ:STLD) shares with value of $180,653 were sold by BUSSE KEITH E. KOLB JURGEN DR also sold $230,186 worth of Steel Dynamics, Inc. (NASDAQ:STLD) on Thursday, June 7.

Analysts expect Steel Dynamics, Inc. (NASDAQ:STLD) to report $1.69 EPS on October, 17.They anticipate $1.03 EPS change or 156.06 % from last quarter’s $0.66 EPS. STLD’s profit would be $396.80 million giving it 6.93 P/E if the $1.69 EPS is correct. After having $1.53 EPS previously, Steel Dynamics, Inc.’s analysts see 10.46 % EPS growth. The stock decreased 0.49% or $0.23 during the last trading session, reaching $46.82. About 1.63M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 41.52% since September 16, 2017 and is uptrending. It has outperformed by 25.90% the S&P500.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

Among 9 analysts covering Steel Dynamics (NASDAQ:STLD), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Steel Dynamics had 10 analyst reports since March 20, 2018 according to SRatingsIntel. The rating was downgraded by Credit Suisse on Tuesday, June 12 to “Hold”. The firm has “Buy” rating by Bank of America given on Wednesday, July 25. Cowen & Co maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Thursday, April 19. Cowen & Co has “Buy” rating and $6000 target. On Thursday, June 14 the stock rating was downgraded by KeyBanc Capital Markets to “Sector Weight”. On Tuesday, April 17 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 29. Citigroup maintained the stock with “Buy” rating in Tuesday, April 24 report. The firm has “Overweight” rating given on Monday, August 27 by Morgan Stanley.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company has market cap of $10.99 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 10.66 P/E ratio. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; threaded rod products, and cold drawn and heat treated bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections.

Another recent and important Steel Dynamics, Inc. (NASDAQ:STLD) news was published by Seekingalpha.com which published an article titled: “Steel Dynamics: Forget The Rest, Own The Best” on August 24, 2018.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Positions Chart

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