The EVP & CFO of Steel Dynamics (STLD) is Selling Shares


Today, the EVP & CFO of Steel Dynamics (NASDAQ: STLD), Theresa Wagler, sold shares of STLD for $140.8K.

Following Theresa Wagler’s last STLD Sell transaction on May 20, 2011, the stock climbed by 35.9%.

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Based on Steel Dynamics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.6 billion and quarterly net profit of $228 million. In comparison, last year the company earned revenue of $2.37 billion and had a net profit of $201 million. STLD’s market cap is $11.8B and the company has a P/E ratio of 14.24. Currently, Steel Dynamics has an average volume of 1.07M.

Based on 4 analyst ratings, the analyst consensus is Strong Buy with an average price target of $55.25, reflecting a -8.9% downside.

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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.

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