Steel Dynamics Inc. (NASDAQ:STLD) has a beta value of 1.48 and has seen 2,338,576 shares traded in the last trading session. The company, currently valued at $11.98 Billion, closed the last trade at $56.7 per share which meant it gained $2.48 on the day or 4.57% during that session. The STLD stock price is -0.65% off its 52-week high price of $57.07 and 63.7% above the 52-week low of $20.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.05 Million shares traded. The 3-month trading volume is 2.34 Million shares.
The consensus among analysts is that Steel Dynamics Inc. (STLD) is a Buy stock at the moment, with a recommendation rating of 2. None of the analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 11 have rated it as a Hold, with 8 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $2.81.
Steel Dynamics Inc. (NASDAQ:STLD) trade information
Sporting 4.57% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, May 03 when the STLD stock price touched $57.08- or saw a rise of 0.67%. Year-to-date, Steel Dynamics Inc. shares have moved 53.78%, while the 5-day performance has seen it change 3.73%. Over the past 30 days, the shares of Steel Dynamics Inc. (NASDAQ:STLD) have changed 11.24%. Short interest in the company has seen 3.86 Million shares shorted with days to cover at 1.65.
Wall Street analysts have a consensus price target for the stock at $57.5, which means that the shares’ value could jump 1.41% from current levels. The projected low price target is $52 while the price target rests at a high of $61. In that case, then, we find that the current price level is +7.58% off the targeted high while a plunge would see the stock lose -8.29% from current levels.
Steel Dynamics Inc. (STLD) estimates and forecasts
Figures show that Steel Dynamics Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +79.32% over the past 6 months, with this year growth rate of 186.97%, compared to 3.9% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 497.9% and 311.8% for the next quarter. Revenue growth from the last financial year stood is estimated to be +50.7%.
7 analysts offering their estimates for the company have set an average revenue estimate of $3.95 Billion for the current quarter. 6 have an estimated revenue figure of $3.61 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $2.09 Billion and $2.33 Billion respectively for this quarter and the next, and analysts expect sales will grow by 88.4% for the current quarter and 54.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +46.8% over the past 5 years. Earnings growth for 2021 is a modest -14.7% while over the next 5 years, the company’s earnings are expected to increase by 3.44%.
Steel Dynamics Inc. is expected to release its next earnings report between July 19 and July 23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.04 at a share yield of 1.92%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.3%.
Steel Dynamics Inc. (NASDAQ:STLD)’s Major holders
Insiders own 5.18% of the company shares, while shares held by institutions stand at 85.63% with a share float percentage of 90.3%. Investors are also buoyed by the number of investors in a company, with Steel Dynamics Inc. having a total of 708 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 22.66 Million shares worth more than $835.63 Million. As of December 30, 2020, Blackrock Inc. held 10.73% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 18.75 Million shares as of December 30, 2020. The firm’s total holdings are worth over $691.38 Million and represent 8.88% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. As of December 30, 2020, the former fund manager holds about 2.68% shares in the company for having 5670637 shares of worth $209.08 Million while later fund manager owns 5.41 Million shares of worth $274.75 Million as of March 30, 2021, which makes it owner of about 2.56% of company’s outstanding stock.