Tower Research Capital LLC TRC now owns 5,843 shares of the company’s stock valued at $143,000 after buying an additional 5,514 shares in the last quarter. 14 said a “Buy Rating” and 1 announced “Overweight Rating”. Rosenblatt Securities assumed coverage on shares of Steel Dynamics in a report on Wednesday, June 1st. Opening at $23.98, they varied from $23.35 and $24.24 throughout the day.
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Cowen maintained an “outperform” rating and $33 price target on the stock earlier today.
Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter. The average price target of all the analysts comes to $29.44. During its last trading session, Stock traded with the total exchanged volume of 3.71 million shares. Steel Dynamics has a 12 month low of $15.32 and a 12 month high of $28.01. Jefferies Group also issued estimates for Steel Dynamics’ Q1 2017 earnings at $0.38 EPS, Q2 2017 earnings at $0.42 EPS, Q3 2017 earnings at $0.32 EPS and Q4 2017 earnings at $0.27 EPS. The Zacks Research consensus before the earnings release was $0.56. Last time the company reported, Steel Dynamics Inc. generated $0.58 in earnings per share, surpassing the concesus estimate of $0.56. As far as the returns are concern, the return on equity was recorded as 0.40% and return on investment was 0.50% while its return on asset stayed at 0.20%. EPS contribution from the parent company was $-0.5384 which was on quarterly basis for the period ended 2015-12-31.
08/19/2016 – Steel Dynamics, Inc. was downgraded to “sector weight” by analysts at KeyBanc. The stock failed to cross $23.805 in Fridays trading. They now have a Dollars 24 price target on the stock.
In other Steel Dynamics news, Director Jurgen Dr Kolb sold 1,000 shares of the business’s stock in a transaction dated Monday, July 25th.
04/05/2016 – Steel Dynamics, Inc. had its “overweight” rating reiterated by analysts at JP Morgan. The total traded volume was 4,766,860 shares. The disclosure for this sale can be found here.
As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in. L P boosted its stake in shares of Steel Dynamics by 991.5% in the second quarter. JPMorgan Chase & Co. now owns 253,239 shares of the company’s stock worth $6,917,000 after buying an additional 249,945 shares during the period.
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A number of Wall Street analysts stated their opinion on the stock. TEETS RICHARD P JR is one of the largest insider shareholders in Steel Dynamics, Inc. Following the completion of the sale, the director now directly owns 65,014 shares of the company’s stock, valued at approximately $1,722,871. The stock has relative volume of 1.22. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Steel Dynamics by 32.7% in the first quarter.
