Steel Dynamics, Inc. (NASDAQ:STLD) Rating Changes as of Jun 27, 2018

June 27, 2018 - By Jacqueline McKee

Steel Dynamics, Inc. (NASDAQ:STLD) Corporate Logo
During 2018 Q1 the big money sentiment increased to 1.08. That’s change of 0.11, from 2017Q4’s 0.97. 33 investors sold all, 153 reduced holdings as Steel Dynamics, Inc. ratio is positive. 149 increased holdings while 52 funds acquired holdings. Funds hold 184.42 million shares thus 2.34% less from 2017Q4’s 188.84 million shares.
Asset Mgmt Inc accumulated 13,392 shs. Cookson Peirce & owns 195,380 shs for 0.78% of their capital. Korea Inv Corp reported 0.16% in Steel Dynamics, Inc. (NASDAQ:STLD). Beck Cap Mngmt Limited invested in 0.68% or 33,465 shs. North Star Inv Mngmt reported 1,300 shs. Dnb Asset Management As has 848,500 shs for 0% of their capital. Howe And Rusling holds 0% or 104 shs. Moreover, Origin Asset Limited Liability Partnership has 1.02% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 366,450 shs. Nelson Van Denburg And Campbell Wealth Mngmt Group Incorporated Ltd Liability holds 4,934 shs or 0.05% of its capital. 39,518 are held by Cibc Asset Mgmt Inc. Moreover, First Mercantile Trust Communications has 0.03% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 3,508 shs. 78,930 were reported by Catalyst Capital Advisors Ltd Liability Corp. Steadfast Capital Mngmt Limited Partnership owns 3.39M shs. Laurion Mgmt L P owns 37,208 shs for 0.01% of their capital. Zacks Invest Mngmt invested in 0.08% or 86,331 shs.

Steel Dynamics, Inc. had 4 sales and 0 buys since May 31, 2018. This’s net activity of $1.24 million. 2,804 shs were sold by Wagler Theresa E, worth $140,825 on Thursday, May 31. On Monday, June 11 Shares for $180,653 were sold by BUSSE KEITH E.

Steel Dynamics, Inc. (NASDAQ:STLD) Ratings Coverage

A total of 11 analysts rate Steel Dynamics (NASDAQ:STLD) as follows: 7 “Buy”, 4 “Hold” and 0 “Sell”. Š¢herefore 64% are bullish. (NASDAQ:STLD) has 17 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, January 9 Jefferies maintained the shares of STLD in report with “Buy” rating. On Tuesday, January 23 BMO Capital Markets maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating. BMO Capital Markets has “Buy” rating and $55.0 target. In Thursday, June 14 report KeyBanc Capital Markets downgraded the stock to “Sector Weight” rating. On Wednesday, January 24 Credit Suisse maintained the shares of STLD in report with “Outperform” rating. On Tuesday, January 23 the firm earned “Buy” rating by Jefferies. On Tuesday, April 24 the stock has “Buy” rating by Citigroup. On Monday, February 5 the company was maintained by Cowen & Co. On Monday, January 8 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given by Bank of America. On Thursday, January 4 Cowen & Co maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating. Cowen & Co has “Buy” rating and $53.0 target. On Tuesday, June 12 the stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Hold” rating given by Credit Suisse. Listed here are Steel Dynamics, Inc. (NASDAQ:STLD) PTs and latest ratings.

14/06/2018 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
12/06/2018 Broker: Credit Suisse Rating: Hold New Target: $55.0000 Downgrade
24/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $54 New Target: $55 Maintain
19/04/2018 Broker: Cowen & Co Rating: Buy New Target: $60.0000 Maintain
18/04/2018 Broker: UBS Rating: Neutral New Target: $47 Initiates Coverage On
17/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $46 New Target: $50 Maintain
29/03/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $52 New Target: $53 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Buy New Target: $59 Initiates Coverage On
05/02/2018 Broker: Cowen & Co Rating: Buy New Target: $60.0 Maintain
24/01/2018 Broker: Cowen & Co Rating: Buy New Target: $60.0 Maintain

Ticker’s shares touched $46.64 during the last trading session after 0.55% change.Currently Steel Dynamics, Inc. is uptrending after 43.55% change in last June 27, 2017. STLD has also 287,352 shares volume. The stock outperformed the S&P 500 by 30.98%.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally.The firm is worth $11.00 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions.The P/E ratio is 13.33. The Steel Operations segment provides a range of sheet steel products, such as hot roll, cold roll, and coated steel products; structural steel beams and pilings to construction market; various rail products for the railroad industry; rounds, round-cornered squares, and round engineered bars; threaded rod products, and cold drawn and heat treated bars; angles, merchant rounds, flats and channels, and reinforcing bar; and beams, channels, and specialty steel sections.

There’s a significant Steel Dynamics, Inc. (NASDAQ:STLD) news released by Seekingalpha.com. It’s a report titled: “Steel Dynamics +3% after issuing above-consensus Q2 earnings view” on June 15, 2018.

Steel Dynamics, Inc. (NASDAQ:STLD) Institutional Investors Chart

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