Steel Dynamics, Inc. (NASDAQ:STLD) reached a new 52-week low on Thursday . The stock traded as low as $27.47 and last traded at $28.02, with a volume of 68693 shares traded. The stock had previously closed at $29.05.

Several equities research analysts recently weighed in on the stock. Credit Suisse Group lowered shares of Steel Dynamics from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $38.00 to $29.00 in a research note on Thursday. BidaskClub lowered shares of Steel Dynamics from a “sell” rating to a “strong sell” rating in a research note on Tuesday. UBS Group upgraded shares of Steel Dynamics from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.50 to $47.00 in a research note on Wednesday, May 8th. Macquarie set a $36.00 price objective on shares of Steel Dynamics and gave the stock a “hold” rating in a research note on Tuesday, April 23rd. Finally, Goldman Sachs Group set a $44.00 price objective on shares of Steel Dynamics and gave the stock a “buy” rating in a research note on Tuesday, April 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. Steel Dynamics has a consensus rating of “Hold” and a consensus target price of $46.08.

The company has a market cap of $6.05 billion, a P/E ratio of 4.95, a P/E/G ratio of 0.67 and a beta of 1.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.15 and a current ratio of 4.02.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Monday, April 22nd. The basic materials company reported $0.91 EPS for the quarter, meeting the consensus estimate of $0.91. Steel Dynamics had a net margin of 10.26% and a return on equity of 33.56%. The company had revenue of $2.82 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the business earned $0.96 earnings per share. Steel Dynamics’s revenue was up 8.2% compared to the same quarter last year. On average, research analysts forecast that Steel Dynamics, Inc. will post 3.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Sunday, June 30th will be paid a $0.24 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.96 annualized dividend and a dividend yield of 3.54%. Steel Dynamics’s payout ratio is currently 17.49%.

Several large investors have recently made changes to their positions in the business. Valeo Financial Advisors LLC increased its stake in shares of Steel Dynamics by 36.4% in the fourth quarter. Valeo Financial Advisors LLC now owns 1,124 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. JOYN Advisors Inc. boosted its holdings in shares of Steel Dynamics by 34.7% in the fourth quarter. JOYN Advisors Inc. now owns 1,164 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Ffcm LLC boosted its holdings in shares of Steel Dynamics by 59.3% in the fourth quarter. Ffcm LLC now owns 924 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 344 shares in the last quarter. Magnus Financial Group LLC boosted its holdings in shares of Steel Dynamics by 4.5% in the first quarter. Magnus Financial Group LLC now owns 9,299 shares of the basic materials company’s stock valued at $328,000 after acquiring an additional 400 shares in the last quarter. Finally, Raymond James Trust N.A. boosted its holdings in shares of Steel Dynamics by 5.9% in the first quarter. Raymond James Trust N.A. now owns 8,046 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 449 shares in the last quarter. Institutional investors own 83.69% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Steel Dynamics (STLD) Sets New 52-Week Low at $27.47” was originally published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was stolen and republished in violation of US & international trademark & copyright legislation. The legal version of this article can be viewed at https://www.watchlistnews.com/steel-dynamics-stld-sets-new-52-week-low-at-27-47/3021688.html.

About Steel Dynamics (NASDAQ:STLD)

Steel Dynamics, Inc, together with its subsidiaries, engages in the steel products manufacturing and metals recycling businesses in the United States and internationally. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. The Steel Operations segment offers hot roll, cold roll, and coated steel products; structural steel beams, pilings, and standard and premium grade rail products; engineered special-bar-quality products; and merchant-bar-quality products, including rounds, angles, flats, reinforcing bars, and channels and specialty steel sections.

Further Reading: Dow Jones Industrial Average (DJIA)

Receive News & Ratings for Steel Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Steel Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.