A share price of Steel Dynamics Inc. [STLD] is currently trading at $133.95, up 1.99%. An important factor to consider is whether the stock is rising or falling in short-term value. The STLD shares have gain 3.07% over the last week, with a monthly amount glided 8.19%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Steel Dynamics Announces First Quarter 2024 Cash Dividend Increase of 8%. In a post published today on Yahoo Finance, Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that the company’s board of directors declared a first quarter cash dividend of $0.46 per common share, or 8% increase over the company’s 2023 quarterly rate. The dividend is payable to shareholders of record at the close of business on March 31, 2024 and is payable on or about April 14, 2024.
From an analyst’s perspective:
Steel Dynamics Inc. [NASDAQ: STLD] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $120. Previously, Citigroup upgraded its rating to Buy on September 25, 2023, and kept the price target unchanged to $130. On July 05, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $102 on the stock. JP Morgan started tracking the stock assigning a Underweight rating and suggested a price target of $82 on May 23, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $123 on April 05, 2023. Citigroup downgraded its rating to Neutral for this stock on March 15, 2023. In a note dated January 27, 2023, Goldman downgraded an Neutral rating on this stock and boosted its target price from $114 to $118.
Steel Dynamics Inc. experienced fluctuations in its stock price throughout the past year between $90.55 and $137.70. Currently, Wall Street analysts expect the stock to reach $115.5 within the next 12 months. Steel Dynamics Inc. [NASDAQ: STLD] shares were valued at $133.95 at the most recent close of the market. An investor can expect a potential drop of -13.77% based on the average STLD price forecast.
Analyzing the STLD fundamentals
Trailing Twelve Months sales for Steel Dynamics Inc. [NASDAQ:STLD] were 18.80B which represents -12.28% decline. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.17%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.28 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 132.19 points at the first support level, and at 130.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.13, and for the 2nd resistance point, it is at 136.30.
Steel Dynamics Inc. [STLD] reported earnings per share of $2.61 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.66/share, meaning a difference of -$0.05 and a surprise factor of -1.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.47 per share as compared to estimates of $3.43 per share, a difference of $0.04 representing a surprise of 1.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Steel Dynamics Inc. [NASDAQ:STLD] is 2.91. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 9.18.
Transactions by insiders
Recent insider trading involved Shaheen Gabriel, Director, that happened on Feb 06 ’24 when 2346.0 shares were sold. Director, MARCUCCILLI JAMES C completed a deal on Dec 19 ’23 to sell 25454.0 shares. Meanwhile, Senior Vice President Pushis Glenn sold 12113.0 shares on Dec 19 ’23.
