Will Steel Dynamics, Inc. (STLD) Run Out of Steam Soon?

May 17, 2018 - By Jason Grubb

Steel Dynamics, Inc. (NASDAQ:STLD) Logo

Investors sentiment increased to 0.97 in 2017 Q4. Its up 0.14, from 0.83 in 2017Q3. It increased, as 32 investors sold Steel Dynamics, Inc. shares while 158 reduced holdings. 71 funds opened positions while 113 raised stakes. 188.84 million shares or 1.01% less from 190.76 million shares in 2017Q3 were reported.
Stratos Wealth Partners reported 0% stake. Cipher Ltd Partnership has 0.14% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 40,671 shares. Pointstate Capital L P accumulated 558,700 shares or 0.23% of the stock. Dixon Hubard Feinour And Brown Va has invested 0.55% in Steel Dynamics, Inc. (NASDAQ:STLD). Legg Mason Asset (Japan) has invested 0.77% in Steel Dynamics, Inc. (NASDAQ:STLD). 20,003 are held by Stone Ridge Asset Mgmt Llc. Ls Advsr Ltd Limited Liability Company holds 0.05% in Steel Dynamics, Inc. (NASDAQ:STLD) or 18,536 shares. Kennedy Capital Mgmt has 104,441 shares for 0.08% of their portfolio. First Mercantile accumulated 0.02% or 1,790 shares. Catawba Cap Mngmt Va reported 19,628 shares. Moreover, Burney has 0.18% invested in Steel Dynamics, Inc. (NASDAQ:STLD). 9,443 were reported by Jefferies Group Ltd Liability Com. Cap One Association holds 46,365 shares or 0.14% of its portfolio. Bessemer Grp has 1,250 shares. Bokf Na holds 0.16% or 131,064 shares in its portfolio.

The stock of Steel Dynamics, Inc. (NASDAQ:STLD) hit a new 52-week high and has $55.49 target or 8.00 % above today’s $51.38 share price. The 7 months bullish chart indicates low risk for the $12.12B company. The 1-year high was reported on May, 17 by Barchart.com. If the $55.49 price target is reached, the company will be worth $969.76M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.86% or $0.44 during the last trading session, reaching $51.38. About 2.08M shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 27.57% since May 17, 2017 and is uptrending. It has outperformed by 16.02% the S&P500.

Analysts await Steel Dynamics, Inc. (NASDAQ:STLD) to report earnings on July, 18. They expect $1.33 earnings per share, up 111.11 % or $0.70 from last year’s $0.63 per share. STLD’s profit will be $313.78M for 9.66 P/E if the $1.33 EPS becomes a reality. After $0.96 actual earnings per share reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts 38.54 % EPS growth.

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

Among 12 analysts covering Steel Dynamics (NASDAQ:STLD), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. Steel Dynamics had 17 analyst reports since December 18, 2017 according to SRatingsIntel. The firm has “Buy” rating by Longbow given on Wednesday, December 20. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Buy” rating given on Tuesday, January 9 by Jefferies. BMO Capital Markets maintained it with “Buy” rating and $55.0 target in Tuesday, January 23 report. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) earned “Buy” rating by Cowen & Co on Monday, December 18. The rating was maintained by Citigroup on Tuesday, April 24 with “Buy”. The stock of Steel Dynamics, Inc. (NASDAQ:STLD) has “Equal-Weight” rating given on Tuesday, April 17 by Morgan Stanley. The stock has “Buy” rating by Cowen & Co on Wednesday, January 24. The company was maintained on Thursday, March 29 by Deutsche Bank. The firm has “Buy” rating by Cowen & Co given on Thursday, January 4. The stock has “Buy” rating by Cowen & Co on Monday, February 5.

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Themiddlemarket.com which released: “M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods” on May 15, 2018. Also Seekingalpha.com published the news titled: “Steel Dynamics reports strong Q1 results” on April 19, 2018. Streetinsider.com‘s news article titled: “Steel Dynamics (STLD) to Acquire CSN Heartland Flat Roll Operations for $400M” with publication date: May 14, 2018 was also an interesting one.

Steel Dynamics, Inc., together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. The company has market cap of $12.12 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 15.29 P/E ratio. 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.

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

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