Steel Dynamics, Inc. (NASDAQ:STLD) Releases Q2 Earnings Guidance

Ebony Scott
July 17, 2017

The company saw 2.97 million shares trade hands over the course of the day. Parametric Assoc Ltd Liability Corporation accumulated 0.01% or 130,091 shares. Tenneco Inc (NYSE:TEN) has risen 7.45% since July 13, 2016 and is uptrending. The company's quarterly revenue was up 36.0% compared to the same quarter past year. (STLD) stake by 52.3% reported in 2016Q4 SEC filing. Putnam Investments LLC increased its position in Steel Dynamics by 0.3% in the fourth quarter. (STLD)'s stock declined 7.91%. The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of 17.26 and a beta of 1.25. The stock rose 0.03% or $0.01 reaching $36. About 749,094 shares traded. Finally, Zacks Investment Research upgraded shares of Steel Dynamics from a "hold" rating to a "buy" rating and set a $37.00 target price for the company in a research note on Friday, April 21st. It has outperformed by 27.69% the S&P500.

The vast majority of Wall Street analysts continue to say it's worth buying. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Therefore 79% are positive. The rating was maintained by Credit Suisse with "Outperform" on Wednesday, March 23. As per Wednesday, January 6, the company rating was initiated by Rosenblatt.

04/24/2017 - Steel Dynamics, Inc. was upgraded to " by analysts at Macquarie. (NASDAQ:STLD) Worth Buying? The firm earned "Outperform" rating on Wednesday, June 8 by Credit Suisse. The lowest 12-month price target for the shares is $21.00, which would be decrease of about -42% of its current value. (NASDAQ:STLD) on Wednesday, October 26 to "Buy" rating. See Steel Dynamics, Inc. The latest reports which are outstanding on Sunday 16th of July state 5 analysts have a rating of "strong buy", 7 analysts "buy", 2 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". During the same period a year ago, the firm earned $0.26 earnings per share. STLD's profit will be $217.50 million for 10.00 P/E if the $0.90 EPS becomes a reality. The basic materials company reported $0.82 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.79 by $0.03. Union Bankshares Corp now controls 11,000 shares valued at $394,000. Crown Castle Intl Corp New (NYSE:CCI) was raised too. This represents a $0.62 annualized dividend and a yield of 1.70%.

08/19/2016 - Steel Dynamics, Inc. was downgraded to " by analysts at KeyBanc.

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Investors sentiment increased to 0.96 in Q4 2016. Its up 0.18, from 1.02 in 2016Q3. 22 funds opened positions while 38 raised stakes. Menta Limited Liability Corp reported 276,229 shares.

Bw Gestao De Investimentos Ltda, which manages about $120.83M US Long portfolio, upped its stake in Marathon Petroleum Corp (NYSE:MPC) by 100,000 shares to 400,887 shares, valued at $20.19 million in 2016Q4, according to the filing. Globeflex L P invested in 92,740 shares or 0.82% of the stock.

Steel Dynamics, Inc is a steel producing and a metal recycling company. (NASDAQ:STLD) for 3.35 million shares. (NASDAQ:STLD). State Treasurer State Of Michigan owns 98,200 shares or 0.03% of their USA portfolio. Old National Bank In has 0.03% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Raymond James & reported 507,471 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.02% of its portfolio in Tenneco Inc (NYSE:TEN) for 25,904 shares. 1,844,595 shares of the company were exchanged. 27 are owned by Archford Cap Strategies Ltd Llc. Moreover, Guggenheim Lc has 0.01% invested in Steel Dynamics, Inc. Diamond Hill Cap Management, Ohio-based fund reported 571,921 shares. Scopus Asset Management Ltd Partnership reported 350,000 shares. Natixis stated it has 0.24% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 120,750 shares. Shareholders of record on Friday, June 30th were issued a $0.155 dividend. Therefore 48% are positive. Streetinsider.com's article titled: "Form 40-17G/A FIRST TRUST SENIOR FLOAT" and published on July 14, 2017 is yet another important article. The company was upgraded on Friday, August 28 by Guggenheim. (NASDAQ:STLD) earned "Hold" rating by TheStreet on Tuesday, September 1. The rating was maintained by Barclays Capital on Tuesday, January 12 with "Overweight". The stock of Tenneco Inc (NYSE:TEN) earned "Hold" rating by RBC Capital Markets on Wednesday, April 5. They expect $0.90 earnings per share, up 55.17% or $0.32 from last year's $0.58 per share. The institutional investor held 63,025 shares of the company at the end of 2016Q4, valued at $719,000, down from 101,055 at the end of the previous reported quarter. Weaver C. Barksdale & Associates, Inc. augmented its ownership by buying 180 shares an increase of 15.5%. Aqr Capital Mngmt Ltd invested in 4.74 million shares. DAVIS D SCOTT sold 6,535 shares worth $855,889. PRICE DAVID B JR sold 4,893 shares worth $282,913. Based on an average trading volume of 3,436,781 shares, the days-to-cover ratio is now 2.3 days.

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