Economy

Steel Dynamics, Inc. (NASDAQ:STLD) to Issue Quarterly Dividend of $0.16

As per Monday, October 26, the company rating was downgraded by Cowen & Co. The stock of Steel Dynamics, Inc. The rating was maintained by Canaccord Genuity with "Hold" on Thursday, May 12. (NASDAQ:STLD) has "Buy" rating given on Wednesday, January 6 by Rosenblatt. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months. Steel Dynamics, Inc. has a 52-week low of 23.34 and a 52-week high of 40.17.

Stock market analysts and brokers have recently amended their target prices on shares of Steel Dynamics, Inc.

The counter witnessed a trading volume of 2.92 million shares versus an average volume of 3.22 million shares during last trading session. Nikko Asset Management Americas Inc who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $8.02 billion market cap company. The stock rose 1.27% or $0.42 reaching $33.56 per share. About 366,024 shares traded. (NASDAQ:STLD) for 667,177 shares. It has outperformed by 27.69% the S&P500.

Meeder Asset Management Inc, which manages about $3.85 billion and $1.05 billion US Long portfolio, decreased its stake in Citrix Systems Inc (NASDAQ:CTXS) by 4,266 shares to 2,309 shares, valued at $184,000 in 2017Q2, according to the filing. It also reduced its holding in Freeport (NYSE:FCX) by 64,400 shares in the quarter, leaving it with 1.84M shares, and cut its stake in Tot Us (NYSE:TOT). Stemline Therapeutics Inc (NASDAQ:STML) was reduced too. Caisse De Depot Et Placement Du Quebec holds 0% of its portfolio in Steel Dynamics, Inc. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Therefore 73% are positive. The firm has "Sell" rating given on Wednesday, July 20 by Goldman Sachs.

03/22/2017 - Steel Dynamics, Inc. had its "overweight" rating reiterated by analysts at JP Morgan. (NASDAQ:STLD) rating on Wednesday, August 30. They now have a United States dollars 30 price target on the stock.

03/20/2017 - Steel Dynamics, Inc. had its "strong buy" rating reiterated by analysts at CFRA Research. The firm earned "Hold" rating on Wednesday, July 19 by Keefe Bruyette & Woods.

In other news, insider Christopher A. Graham sold 5,021 shares of Steel Dynamics stock in a transaction on Tuesday, July 25th. (NASDAQ:STLD) on Friday, July 21 with "Buy" rating. The rating was initiated by Citigroup with "Buy" on Monday, August 22.

Investors sentiment increased to 1.26 in Q2 2017. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.87%. It is positive, as 37 investors sold STLD shares while 134 reduced holdings. 76 funds opened positions while 139 raised stakes. Royal Fincl Bank Of Canada reported 1.29 million shares. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Steel Dynamics during the 2nd quarter worth approximately $179,000. (NASDAQ:STLD) was down -0.30% during the last trading session, with a day high of 33.28. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 44.39% since September 26, 2016 and is uptrending. 12,000 were accumulated by Leavell Inv Mngmt. Architects accumulated 0% or 100 shares. (NASDAQ:STLD) for 288,502 shares. Price T Rowe Associates Md holds 223,760 shares. Sumitomo Mitsui Asset Ltd accumulated 17,259 shares. Utah Retirement Sys has 0.04% invested in Steel Dynamics, Inc. (NASDAQ:STLD). 1,245 were reported by Independent Portfolio Consultants.

05/24/2017 - Steel Dynamics, Inc. was upgraded to "outperform" by analysts at Credit Suisse. (NASDAQ:STLD) for 87,891 shares. Barclays Capital maintained Steel Dynamics, Inc. Commonwealth Equity Services reported 25,398 shares. Boston Prtnrs, a Massachusetts-based fund reported 16.38M shares.

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women's apparel and accessories and men's apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. Meeder Asset Management Inc who had been investing in Steel Dynamics Inc for a number of months, seems to be bullish on the $7.95B market cap company. The Firm operates through three divisions: retail, wholesale and licensing. Also, it has an estimated price-earnings (P/E) multiple of 11.14 and a trailing 12-month price-earnings (P/E) multiple of 15.2.

Investors sentiment increased to 2.02 in Q2 2017. Its down 0.14, from 0.84 in 2017Q1. It improved, as 14 investors sold PSMT shares while 28 reduced holdings. 21 funds opened positions while 70 raised stakes. Optimum Investment Advsr reported 8,740 shares or 0.11% of all its holdings. Wells Fargo Co Mn reported 29,317 shares stake. Plante Moran Financial Advisors holds 0% or 208 shares. Westpac Banking holds 9,727 shares. The Illinois-based Archford Strategies Ltd Liability has invested 0% in PriceSmart, Inc. Public Sector Pension Board reported 17,810 shares. Moreover, Bnp Paribas Arbitrage has 0% invested in Enbridge Energy Management, L.L.C. (NYSE:EEQ) for 481 shares. Hoplite Cap Mgmt LP invested in 2.36M shares. Paloma Ptnrs Management holds 0.01% or 33,876 shares. First Allied Advisory Ser reported 6,752 shares. About 541,368 shares traded. Michael Kors Holdings Ltd (NYSE:KORS) has declined 10.54% since September 26, 2016 and is downtrending. It has underperformed by 13.30% the S&P500.

Free Cash Flow Growth (FCF Growth) is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year's free cash flow. The company's quarterly EPS surprised Wall Street by as much as 0% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates.



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