Alpha Windward LLC Cuts Stake in Steel Dynamics, Inc. (STLD)

Gladys Abbott
April 21, 2017

DekaBank Deutsche Girozentrale raised its stake in Steel Dynamics by 181.0% in the third quarter. JP Morgan Maintains the company's stock to Overweight on 11/30/16 by setting a price target of $41. Capstone Asset Management Co. boosted its stake in Steel Dynamics by 3.1% in the first quarter. Norges Bank acquired a new stake in Steel Dynamics during the fourth quarter valued at about $213,607,000. During the day, the lowest price at which share is traded was $3.36 and hit the highest price at $2.84. The company has price-to-sale ratio of 1.03 in last 12-month period and its price to book ratio was registered at 2.74 in most recent quarter. The stock's market capitalization is 7.98B, it has a 52-week low of 22.62 and a 52-week high of 40.17. EPS breaks down the profitability of the company on a single share basis. The company has a market cap of $7.92 billion, a P/E ratio of 20.96 and a beta of 1.35. The firm has a 50 day moving average of $34.99 and a 200-day moving average of $33.30. Steel Dynamics, Inc. (NASDAQ/GS: STLD) declared that, effective at 2:00 PM Eastern Daylight Time on Monday, April 17, 2017, the Securities Exchange Commission declared effective its formerly filed Form S-4 Registration Statement for the exchange of up to $400.0 million aggregate principal amount of its newly issued 5.000% Senior Notes due 2026 (the "Exchange Notes"), that have now been registered under the Securities Act of 1933, as amended (the "Securities Act"), for like principal amounts of any or all of its unregistered outstanding 5.000% Senior Notes due 2026 (the "Old Notes"), issued on December 6, 2016. The basic materials company reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters' consensus estimate of $0.43. During the same quarter in the prior year, the company posted $0.09 earnings per share. In contrast to the year ago quarter EPS was at 0.46. On average, analysts expect Steel Dynamics to post $2.75 EPS for the current fiscal year and $2.73 EPS for the next fiscal year.

Let's have a look at some of the important valuation ratios of the Steel Dynamics, Inc. The firm has "Buy" rating by Nomura given on Wednesday, March 9.

Since November 1, 2016, it had 0 buys, and 2 selling transactions for $5.05 million activity.

Alpha Windward LLC decreased its position in Steel Dynamics, Inc.

Several equities research analysts have weighed in on the stock.

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Shares of Steel Dynamics (NASDAQ:STLD) opened at 32.91 on Tuesday. This calculation is derived by dividing the current share price by the projected earnings per share. Citigroup Inc reiterated a "buy" rating and issued a $43.00 target price (up previously from $30.00) on shares of Steel Dynamics in a research report on Friday, January 20th. The firm has "Neutral" rating by Rosenblatt given on Monday, March 14. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. $5.00 million worth of stock was sold by TEETS RICHARD P JR on Thursday, March 16. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.

When narrowing in on the Value Composite score for Deere & Company (NYSE:DE), we notice that the stock has a rank of 45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The F-Score was developed to help find company stocks that have solid fundamentals, and to separate out weaker companies.

"Operating income from our metals recycling platform more than doubled in the first quarter 2017, as domestic steel mill utilization increased, strengthening both ferrous scrap shipments and metal spread", continued Millett. Its segments include steel operations, metals recycling operations, steel fabrication operations and Other Operations.

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