Today, the EVP of Steel Dynamics (STLD), Russell Rinn, bought shares of STLD for $51.16K.
Following Russell Rinn’s last STLD Buy transaction on August 01, 2011, the stock climbed by 13.3%. In addition to Russell Rinn, one other STLD executive reported Buy trades in the last month.
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Based on Steel Dynamics’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.82 billion and quarterly net profit of $204 million. In comparison, last year the company earned revenue of $2.6 billion and had a net profit of $228 million. STLD’s market cap is $5.84B and the company has a P/E ratio of 4.94. Currently, Steel Dynamics has an average volume of 1.61M.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $37.86, reflecting a 42.1% upside. Four different firms, including Citigroup and Goldman Sachs, currently also have a Buy rating on the stock.
The insider sentiment on Steel Dynamics has been positive according to 100 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Steel Dynamics, Inc. engages in the manufacture of steel products and metal recycling. It operates through the following segments: Steel Operations, Metals Recycling Operations, Steel Fabrication Operations, and Other.
