What Steel Dynamics Inc. (STLD) Insiders Are Up To

Steel Dynamics Inc. (NASDAQ:STLD) finished Wednesday with a subtraction of -$0.61 to close at $61.03, a downside of -0.99 percent. An average of 1,606,080 shares of common stock have been traded in the last five days. There was a gain of $3.49 in the past week. The last 20 days have seen an average of 2,203,615 shares traded, while the 50-day average volume stands at 2,030,554.

STLD stock has decreased by -1.52% in the last month. The company shares reached their 1-month lowest point of $55.87 on 09/21/21. With the stock rallying to its 52-week high on 08/13/21, shares of the company touched a low of $30.26 and a high of $74.37 in 52 weeks. In spite of this, the price is down -17.94% from the 52-week high.

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Insider Transactions

35 days have passed since Steel Dynamics Inc. (STLD) last reported insider trading activity. MILLETT MARK D, who is Chairman, President and CEO, most recently acquired $67,686 shares at $66.34 per share on Sep 09. In this transaction, the insider spent $4,490,289. Chairman, President and CEO, MILLETT MARK D, disposed of 176,751 shares at a price of $67.08 on Sep 03. The insider now owns more than $11,856,531 worth of shares. Prior to that, President and CEO MILLETT MARK D went on to Sale 155,563 shares at $70.99 each on Aug 30. An amount of $11,043,110 was transacted.

Valuation Metrics

Steel Dynamics Inc. (STLD) has a trailing price-to-earnings (P/E) ratio of 9.09, which compares with the 8.40 for the broader industry and 13.61 for the sector. In the last five years, Steel Dynamics Inc.’s PE ratio has ranged between 88.70 and 4.745. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.97, the price-to-book (PB) ratio at 2.55.

Steel Dynamics Inc. pays a $1.04 dividend per share annually. It offers a dividend yield of 1.70%. The company has a payout ratio of 15.10%. The company’s most recent quarterly dividend payment was $0.26 a share, without any change from last year. Its dividend has been increased for the last 1 consecutive years with the latest increase dividend $0.01 reported on Friday February 26 2021. Dividends have grown by 61.29% each year over the last three years.

Steel Dynamics Inc. will next go ex-dividend on 30-Dec. The next dividend payment Steel Dynamics Inc. will make is expected to be $0.26.

The quick ratio of Steel Dynamics Inc. for the three months ended June 29 was 1.50, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.60 and a total debt to equity ratio of 0.62 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 21.10% against a 5-year average of 16.6%. Steel Dynamics Inc.’s EBITDA margin for the year ending June 29 is 12.63%, while its operating margin for the same period stands at 15.20%. Its gross profit as reported stood at $1.43 billion compared to revenue of $9.6 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Steel Dynamics Inc.’s return on assets was 14.70%, compared to 10.1% over the last five years. In the past year, the return on investment has been 9.60%, and the 5-year average is 13.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been 31.10% and the 5-year average holds at 20.8%. For the broader industry, ROE averaged 24.01 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $4.47 billion in the quarter, while revenues of $3.54 billion were grew 42.33%. The analyst consensus anticipated Steel Dynamics Inc.’s latest quarter earnings to come in at $3.42 per share, but it turned out to be $3.4, a -0.60% surprise. For the quarter, EBITDA amounted to $1.04 billion. Shareholders own equity worth $204.11 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Steel Dynamics Inc. (STLD) price momentum. RSI 9-day as of the close on 13 October was 53.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.40%.

As of today, STLD’s price is $60.38 +6.07% or $3.49 from its 5-day moving average. STLD is currently trading -6.17% lower than its 20-day SMA and -0.83% lower than its 100-day SMA. However, the stock’s current price level is -5.60% below the SMA50 and +69.62% above the SMA200.

The stochastic %K and %D were 73.25% and 64.31%, respectively, and the average true range (ATR) was 2.25. With the 14-day stochastic at 71.66% and the average true range at 2.33, the RSI (14) stands at 49.17%. The stock has reached 1.62 on the 9-day MACD Oscillator while the 14-day reading was at 1.34.

Analyst Ratings

Seaport Global Securities launched coverage on Steel Dynamics Inc. (NASDAQ: STLD) in its analyst report released on August 24, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Steel Dynamics Inc. (STLD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell STLD, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.

What is STLD’s price target for the next 12 months?

Analysts predict a range of price targets between $65.00 and $104.00, with a median target of $75.00. Taking a look at these predictions, the average price target given by analysts for Steel Dynamics Inc. (STLD) stock is $79.73.


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