Steel Dynamics, Inc. (STLD) Shares Sold by Stifel Financial Corp

Steel Dynamics, Inc. (NASDAQ:STLD), at its latest closing price of $35.98, it has a price-to-book ratio of 0.00, compared to an industry average at 0.56. Finally, BlueCrest Capital Management Ltd raised its holdings in Steel Dynamics by 78.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 17,371 shares of the basic materials company's stock worth $622,000 after buying an additional 2,000 shares during the last quarter. Steel Dynamics's quarterly revenue was up 18.1% compared to the same quarter past year. The company was downgraded on Monday, March 14 by Rosenblatt. ARP Americas LLC boosted its stake in Steel Dynamics by 2.6% in the 2nd quarter. State Street Corp now owns 7,510,647 shares of the basic materials company's stock worth $261,070,000 after buying an additional 209,388 shares during the period. Investors who are keeping close eye on the stock of Hilton Worldwide Holdings Inc. First Allied Advisory Services Inc. now owns 8,296 shares of the basic materials company's stock worth $297,000 after purchasing an additional 223 shares during the period.

Several analysts recently commented on the stock. Deutsche Bank AG restated a "buy" rating on shares of Steel Dynamics in a report on Saturday, June 24th. The Manufacturers Life Insurance Company now owns 356,951 shares of the basic materials company's stock worth $12,784,000 after buying an additional 6,861 shares during the last quarter. The firm has "Buy" rating by Berenberg given on Tuesday, March 8. Finally, Morgan Stanley downgraded shares of Steel Dynamics from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $45.00 to $33.00 in a research note on Tuesday, September 12th. Eight research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. The company maintains price to book ratio of 0.00 vs.an industry average at 0.56. (NASDAQ:STLD) news were published by: Nasdaq.com which released: "Steel Dynamics, Inc". If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of USA and worldwide trademark and copyright legislation. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/10/12/steel-dynamics-inc-stld-is-bw-gestao-de-investimentos-ltda-s-2nd-largest-position.html. More interesting news about Steel Dynamics, Inc. (NASDAQ STLD) traded up 1.11% during midday trading on Thursday, reaching $36.38. Following the completion of the transaction, the insider now owns 26,778 shares of the company's stock, valued at $1,018,902.90. Steel Dynamics has an average rating of "Buy" and a consensus target price of $40.63. The company has a 50-day moving average of $34.35 and a 200 day moving average of $34.89.

Steel Dynamics Inc (NASDAQ:STLD) institutional sentiment increased to 1.26 in Q2 2017. The basic materials company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period previous year, the business earned $0.58 earnings per share.

Returns and Valuations for Steel Dynamics, Inc. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Thursday, September 28th.

In related news, insider Christopher A. Graham sold 5,021 shares of the business's stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.05, for a total transaction of $191,049.05. Following the completion of the transaction, the director now directly owns 1,005,666 shares in the company, valued at $38,637,687.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Keith E. Busse sold 4,965 shares of the business's stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $38.42, for a total value of $190,755.30. The firm owned 89,940 shares of the basic materials company's stock after selling 28,152 shares during the period. The disclosure for this sale can be found here.

Steel Dynamics, Inc is a steel producing and a metal recycling company.

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