Steel Dynamics Inc. (STLD) Director Jurgen Dr Kolb Sells 1,900 Shares

Posted by on Jul 31st, 2016

Steel Dynamics Inc. (NASDAQ:STLD) Director Jurgen Dr Kolb sold 1,900 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $26.75, for a total transaction of $50,825.00. Following the completion of the sale, the director now owns 65,014 shares in the company, valued at approximately $1,739,124.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Jurgen Dr Kolb also recently made the following trade(s):

  • On Monday, July 25th, Jurgen Dr Kolb sold 1,000 shares of Steel Dynamics stock. The shares were sold at an average price of $26.50, for a total transaction of $26,500.00.
  • On Wednesday, July 27th, Jurgen Dr Kolb sold 17,900 shares of Steel Dynamics stock. The shares were sold at an average price of $27.20, for a total transaction of $486,880.00.

Steel Dynamics Inc. (NASDAQ:STLD) traded down 1.40% on Wednesday, reaching $26.74. 2,622,836 shares of the company traded hands. The company has a market capitalization of $6.52 billion and a PE ratio of 545.71. Steel Dynamics Inc. has a one year low of $15.32 and a one year high of $28.01. The stock’s 50 day moving average price is $25.93 and its 200 day moving average price is $22.51.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Monday, July 18th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same period in the previous year, the company earned $0.22 EPS. On average, equities research analysts predict that Steel Dynamics Inc. will post $2.11 EPS for the current fiscal year.

STLD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Thursday, July 7th. Bank of America Corp. lowered shares of Steel Dynamics from a “buy” rating to a “neutral” rating and set a $28.00 price target on the stock. in a report on Wednesday, July 20th. Vetr lowered shares of Steel Dynamics from a “buy” rating to a “hold” rating and set a $23.35 price target on the stock. in a report on Tuesday, March 29th. Rosenblatt Securities lifted their price target on shares of Steel Dynamics from $21.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, May 10th. Finally, TheStreet upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eighteen have issued a buy rating to the stock. Steel Dynamics presently has an average rating of “Buy” and an average target price of $26.89.

The company also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.56 annualized dividend and a yield of 2.09%.