Steel Dynamics (NASDAQ:STLD) Given Coverage Optimism Score of 0.16

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Media stories about Steel Dynamics (NASDAQ:STLD) have trended somewhat positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Steel Dynamics earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.0587283280278 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the news articles that may have effected Accern Sentiment’s analysis:

Shares of Steel Dynamics traded down $0.44, hitting $47.99, during midday trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 1,209,300 shares, compared to its average volume of 2,339,320. Steel Dynamics has a one year low of $32.20 and a one year high of $52.10. The company has a quick ratio of 2.38, a current ratio of 3.61 and a debt-to-equity ratio of 0.66. The firm has a market cap of $11.70 billion, a P/E ratio of 18.11, a price-to-earnings-growth ratio of 0.78 and a beta of 1.33.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Monday, July 23rd. The basic materials company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.04. Steel Dynamics had a net margin of 10.01% and a return on equity of 26.90%. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the previous year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. equities analysts expect that Steel Dynamics will post 5.3 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 13th. Stockholders of record on Saturday, June 30th were given a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, June 28th. Steel Dynamics’s dividend payout ratio (DPR) is currently 28.30%.

A number of research analysts recently weighed in on STLD shares. Morgan Stanley raised their price target on shares of Steel Dynamics from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 17th. Zacks Investment Research lowered shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $58.00 price objective on shares of Steel Dynamics in a research report on Wednesday. ValuEngine lowered shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub lowered shares of Steel Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.71.

In related news, insider Theresa E. Wagler sold 17,196 shares of the business’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $49.78, for a total transaction of $856,016.88. Following the completion of the transaction, the insider now owns 331,381 shares of the company’s stock, valued at $16,496,146.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jurgen Dr Kolb sold 4,512 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $51.02, for a total transaction of $230,202.24. Following the transaction, the director now directly owns 51,693 shares of the company’s stock, valued at approximately $2,637,376.86. The disclosure for this sale can be found here. In the last three months, insiders sold 25,298 shares of company stock worth $1,266,868. Insiders own 4.40% of the company’s stock.

About Steel Dynamics

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 operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment provides hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; merchant bar products, including angles, merchant rounds, flats, channels, and reinforcing bars; beams, channels, and specialty steel sections; and threaded rod products, and cold drawn and heat treated bars.

See Also: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Insider Buying and Selling by Quarter for Steel Dynamics (NASDAQ:STLD)

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