Analysts Advise About Steel Dynamics, Inc. (NASDAQ:STLD)
Steel Dynamics, Inc. (NASDAQ:STLD) stock is presently standing at about $34.40 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 13 analysts covering the company is $42.00, which suggests the stock could still rise over 18 percent. The highest analyst price target is $48.00, which implies a rally of 60 percent. And a quick view of analyst notes show that 9 are rating the stock a buy while 3 rate STLD a strong buy. There are 4 equity research firms advocating a Hold and 0 consider it Sell.
Credit Suisse analysts provided their view on Steel Dynamics, Inc. (NASDAQ:STLD) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 12, 2017. Berenberg analysts disclosed their opinion on Steel Dynamics, Inc. (NASDAQ:STLD) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 06, 2016. According to a research note disclosed on Nov 29, 2016, analysts at Macquarie have lowered their rating on these shares from Outperform to Neutral.
Steel Dynamics, Inc. (NASDAQ:STLD) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director BUSSE KEITH E sold 2,000 company shares for 54660, in a transaction on 2016-11-01. Following the transaction, the Director is left with a stake of 1,004,923 shares, currently valued at $34569351. Meanwhile, Director BUSSE KEITH E sold 13,155 shares worth $355190, through a transaction dated 2016-07-29. Following the completion of the transaction, the insider is left with a stake of 1,006,894 shares, amounting $34637153.6. STLD Director KOLB JURGEN DR also sold 17,900 shares, at a stock price of $27.2. This transaction occurred on 2016-07-27 totals $486880. After this transaction, the insider’s stake stands at 48,114 shares, with a market value of $1655122.
Executives hold 5.60 percent of the stock. Richard P. Teets,Jr is one of the biggest insider owners in Steel Dynamics, Inc. (NASDAQ:STLD), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 5,183,234 shares which have current market value of around $178303249.6.Mark D. Millett is another major inside shareholder in the company. The insider owns 3,005,768 shares as of 1.24%, currently worth $103398419.2. Daniel M. Rifkin is ranked as third insider holder of the stock. This insider holds 2,765,515 shares with a market value around $95133716 as of recent close.
Steel Dynamics, Inc. (NASDAQ:STLD) Earnings Outlook
In Steel Dynamics, Inc. (NASDAQ:STLD)’s latest quarter, EPS moved to $0.43 from $0.64 in preceding quarter and revenues reached at $1,910.60M compared to $2,101.31M. Analysts had expected Steel Dynamics, Inc. (NASDAQ:STLD) to post net income of about $0.43 per share on $1,874.56M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.49 to $0.74. That is compared with the $0.26 in EPS it reported during the same period a year ago.