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Shares of Steel Dynamics, Inc. (NASDAQ:STLD - Get Rating) have received an average recommendation of "Hold" from the eight brokerages that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $91.00.

A number of analysts have issued reports on STLD shares. UBS Group set a $95.00 price objective on shares of Steel Dynamics in a report on Monday, June 20th. JPMorgan Chase & Co. cut their price objective on shares of Steel Dynamics from $129.00 to $110.00 in a report on Tuesday, June 14th. The Goldman Sachs Group downgraded shares of Steel Dynamics from a "buy" rating to a "neutral" rating and cut their price target for the stock from $114.00 to $92.00 in a report on Tuesday, May 31st. Finally, Morgan Stanley cut their price target on shares of Steel Dynamics from $94.00 to $78.00 and set an "equal weight" rating for the company in a report on Wednesday, July 6th.Institutional Investors Weigh In On Steel Dynamics

Several large investors have recently modified their holdings of the company. Venture Visionary Partners LLC increased its position in shares of Steel Dynamics by 1.1% during the first quarter. Venture Visionary Partners LLC now owns 11,840 shares of the basic materials company's stock worth $987,000 after buying an additional 132 shares during the period. Paragon Capital Management Ltd increased its stake in Steel Dynamics by 3.6% in the first quarter. Paragon Capital Management Ltd now owns 3,932 shares of the basic materials company's stock valued at $328,000 after purchasing an additional 138 shares in the last quarter. Capital Analysts LLC increased its stake in Steel Dynamics by 20.0% in the second quarter. Capital Analysts LLC now owns 846 shares of the basic materials company's stock valued at $56,000 after purchasing an additional 141 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Steel Dynamics by 4.3% in the first quarter. Wetherby Asset Management Inc. now owns 4,204 shares of the basic materials company's stock valued at $351,000 after purchasing an additional 174 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Steel Dynamics by 0.5% in the fourth quarter. Eagle Asset Management Inc. now owns 37,183 shares of the basic materials company's stock valued at $2,300,000 after purchasing an additional 175 shares in the last quarter. 80.36% of the stock is currently owned by institutional investors and hedge funds. Steel Dynamics Trading Up 0.8 %

Shares of Steel Dynamics stock opened at $77.94 on Monday. The business has a fifty day simple moving average of $74.53 and a two-hundred day simple moving average of $77.44. Steel Dynamics has a 1 year low of $50.54 and a 1 year high of $100.37. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 3.47 and a beta of 1.41. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.52 and a quick ratio of 1.87.

Steel Dynamics (NASDAQ:STLD - Get Rating) last posted its earnings results on Wednesday, July 20th. The basic materials company reported $6.73 earnings per share for the quarter, topping analysts' consensus estimates of $6.34 by $0.39. Steel Dynamics had a return on equity of 71.50% and a net margin of 19.81%. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $5.93 billion. During the same quarter last year, the firm earned $3.40 earnings per share. The company's revenue was up 39.1% on a year-over-year basis. Research analysts forecast that Steel Dynamics will post 21.33 EPS for the current year. Steel Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 29th. Steel Dynamics's dividend payout ratio (DPR) is currently 6.05%. Steel Dynamics Company Profile (Get Rating)

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; and engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars.Recommended StoriesGet a free copy of the StockNews.com research report on Steel Dynamics (STLD)Could Snap Stock Rebound As Management Restructures?MarketBeat: Week in Review 8/29 – 9/2Hormel Looks Cheap At These Levels Lululemon Set To Soar Into SeptemberCould Nike Stock be Oversold, but Still Overvalued?

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