What Can We Expect After Steel Dynamics (NASDAQ:STLD)’s Downgrade By KeyBanc Capital Mkts?

June 14, 2018 - By Christine McCrea

Steel Dynamics, Inc. (NASDAQ:STLD) Logo

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.11, from 0.97 in 2017Q4. It improved, as 33 investors sold Steel Dynamics, Inc. shares while 153 reduced holdings. 52 funds opened positions while 149 raised stakes. 184.42 million shares or 2.34% less from 188.84 million shares in 2017Q4 were reported.

Asset Inc holds 0.05% or 70,151 shares. Amundi Pioneer Asset Mgmt reported 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD). Schwab Charles Invest Mngmt holds 0.03% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 884,445 shares. Hsbc Pcl stated it has 160,413 shares. Keybank Association Oh holds 0.01% or 41,500 shares in its portfolio. Greenwood Capital Associate Ltd holds 0.06% or 5,792 shares. Us Comml Bank De invested in 0.01% or 54,800 shares. 24,254 were reported by Fdx Advsr. 654,665 were accumulated by Samlyn Cap Limited Liability Company. Cap Invsts has 0.02% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 2.43 million shares. Parkside Finance State Bank & Tru holds 0.02% in Steel Dynamics, Inc. (NASDAQ:STLD) or 1,027 shares. Avalon Advsr Ltd Liability Corp has 65,497 shares for 0.09% of their portfolio. Comerica State Bank invested in 0.06% or 187,812 shares. Northwestern Mutual Wealth holds 0.01% of its portfolio in Steel Dynamics, Inc. (NASDAQ:STLD) for 34,637 shares. First Citizens Bank & Trust And Communication accumulated 9,353 shares.

Since May 31, 2018, it had 0 insider purchases, and 4 insider sales for $1.24 million activity. Wagler Theresa E had sold 2,804 shares worth $140,825 on Thursday, May 31. Another trade for 3,590 shares valued at $180,653 was sold by BUSSE KEITH E.

Steel Dynamics (NASDAQ:STLD) Receives a Downgrade

Shares of Steel Dynamics (NASDAQ:STLD) were cut to a “Sector Weight” by professional analysts at KeyBanc Capital Mkts. STLD’s rating of a “Overweight” has been discontinued.

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

Among 12 analysts covering Steel Dynamics (NASDAQ:STLD), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Steel Dynamics has $60.0 highest and $43.0 lowest target. $53.45’s average target is 9.41% above currents $48.8525 stock price. Steel Dynamics had 18 analyst reports since December 18, 2017 according to SRatingsIntel. Credit Suisse maintained Steel Dynamics, Inc. (NASDAQ:STLD) on Wednesday, January 24 with “Outperform” rating. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, January 23 report. KeyBanc Capital Markets maintained it with “Buy” rating and $49.0 target in Wednesday, January 10 report. The company was maintained on Monday, February 5 by Cowen & Co. Longbow upgraded the stock to “Buy” rating in Wednesday, December 20 report. Cowen & Co maintained it with “Buy” rating and $53.0 target in Thursday, January 4 report. On Thursday, April 19 the stock rating was maintained by Cowen & Co with “Buy”. Bank of America maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating on Monday, January 8. Bank of America has “Buy” rating and $51.0 target. The firm earned “Buy” rating on Thursday, March 29 by Deutsche Bank. The rating was maintained by Morgan Stanley with “Equal-Weight” on Tuesday, April 17.

The stock decreased 0.67% or $0.3275 during the last trading session, reaching $48.8525. About 1.59 million shares traded. Steel Dynamics, Inc. (NASDAQ:STLD) has risen 43.55% since June 14, 2017 and is uptrending. It has outperformed by 30.98% the S&P500.

Analysts await Steel Dynamics, Inc. (NASDAQ:STLD) to report earnings on July, 18. They expect $1.39 EPS, up 120.63 % or $0.76 from last year’s $0.63 per share. STLD’s profit will be $327.95M for 8.79 P/E if the $1.39 EPS becomes a reality. After $0.96 actual EPS reported by Steel Dynamics, Inc. for the previous quarter, Wall Street now forecasts 44.79 % EPS growth.

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 $11.53 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions. It has a 13.96 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.

More recent Steel Dynamics, Inc. (NASDAQ:STLD) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018. Also 247Wallst.com published the news titled: “Top Analyst Upgrades and Downgrades: Capital One, Hewlett Packard Enterprises, Kohl’s, Roku, Spotify, Steel …” on June 14, 2018. Finance.Yahoo.com‘s news article titled: “US Steel Corporation Is Primed for a Massive Breakout” with publication date: June 13, 2018 was also an interesting one.

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

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