Today, a Director at Steel Dynamics (STLD), Richard Teets, bought shares of STLD for $677K.
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Based on Steel Dynamics’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $3.22 billion and quarterly net profit of $398 million. In comparison, last year the company earned revenue of $2.44 billion and had a net profit of $153 million. STLD’s market cap is $7.86B and the company has a P/E ratio of 6.17. Currently, Steel Dynamics has an average volume of 4.85M.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $50.00, reflecting a 47.7% upside. Starting in July 2018, STLD received 7 Buy ratings in a row. Three different firms, including BMO Capital and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on Steel Dynamics has been negative according to 96 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Steel Dynamics, Inc. is a diversified carbon-steel steel producer and metals recycler in the U.S. It produces a wide array of steel – beams, bars, steel sheet, and more. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Others.
