Steel Dynamics, Inc. (NASDAQ:STLD) Weekly Ratings as of May 17, 2018

May 17, 2018 - By Elizabeth Bryant

Steel Dynamics, Inc. (NASDAQ:STLD) Corporate Logo
Big Money Sentiment increased to 0.97 in 2017 Q4. It has change of 0.14, from 2017Q3’s 0.83. The ratio increased due to Steel Dynamics, Inc. positioning: 32 sold and 158 reduced. 71 funds amassed holdings and 113 increased holdings. Investors holded 190.76 million in 2017Q3 but now own 188.84 million shares or 1.01% less.
Cibc Asset Mgmt holds 44,131 shs. Teacher Retirement System Of Texas has invested 0.15% in Steel Dynamics, Inc. (NASDAQ:STLD). Bluemountain Management Ltd Limited Liability Company holds 0.08% or 95,951 shs. Amalgamated Commercial Bank has invested 0.05% in Steel Dynamics, Inc. (NASDAQ:STLD). First Republic Inv Mgmt reported 9,264 shs. Teachers Retirement Systems Of The State Of Kentucky has 0.15% invested in Steel Dynamics, Inc. (NASDAQ:STLD) for 298,520 shs. Huntington Bank accumulated 47 shs. Citigroup Incorporated accumulated 221,960 shs. Greenwood Capital Associates Ltd has 0.06% invested in Steel Dynamics, Inc. (NASDAQ:STLD). Northwestern Mutual Wealth Management Com reported 0.01% in Steel Dynamics, Inc. (NASDAQ:STLD). Dnb Asset Mgmt As stated it has 0.43% of its capital in Steel Dynamics, Inc. (NASDAQ:STLD). Guggenheim Capital Limited Liability Corp has 135,523 shs for 0.01% of their capital. Qs Investors Ltd Liability Corporation has 287,668 shs. Fjarde Ap owns 55,621 shs or 0.04% of their US capital. 16,234 are owned by Hbk Investments Ltd Partnership.

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

In total 12 analysts cover Steel Dynamics (NASDAQ:STLD). “Buy” rating has 10, “Sell” are 0, while 2 are “Hold”. (NASDAQ:STLD) has 83% bullish analysts. 17 are the (NASDAQ:STLD)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the rating was maintained by Citigroup with “Buy”. On Wednesday, December 20 Longbow upgraded Steel Dynamics, Inc. (NASDAQ:STLD) to “Buy” rating. On Thursday, January 4 the firm has “Buy” rating given by Cowen & Co. In Tuesday, April 17 report Morgan Stanley maintained it with “Equal-Weight” rating and $50 target. The company rating was maintained by Cowen & Co on Monday, February 5. In Thursday, April 19 report Cowen & Co maintained the stock with “Buy” rating. The stock rating was maintained by Deutsche Bank with “Buy” on Thursday, March 29. On Tuesday, January 23 the firm has “Buy” rating given by Jefferies. On Monday, January 8 Bank of America maintained the shares of STLD in report with “Buy” rating. On Tuesday, January 9 Jefferies maintained Steel Dynamics, Inc. (NASDAQ:STLD) rating. Jefferies has “Buy” rating and $53.0 target. Listed here are Steel Dynamics, Inc. (NASDAQ:STLD) PTs and latest ratings.

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
23/01/2018 Broker: Jefferies Rating: Buy New Target: $54.0 Maintain
23/01/2018 Broker: BMO Capital Markets Rating: Buy New Target: $55.0 Maintain

STLD reached $51.38 during the last trading session after $0.44 change.Steel Dynamics, Inc. has volume of 2.08 million shares. Since May 17, 2017 STLD has risen 27.57% and is uptrending. The stock outperformed the S&P500 by 16.02%.

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 $12.12 billion. The firm operates through Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other divisions.The P/E ratio is 15.29. 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 brought out by Streetinsider.com, Seekingalpha.com and Themiddlemarket.com. The first one has “Steel Dynamics (STLD) to Acquire CSN Heartland Flat Roll Operations for $400M” as a title and was brought out on May 14, 2018. The next is “Steel Dynamics reports strong Q1 results” on April 19, 2018. And last was brought out on May 15, 2018, called “M&A daily wrap: Stephen Feinberg, Cerberus, Trump’s Intelligence Advisory Board, Tyson Foods”.

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

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