Shares of Steel Dynamics Inc. (NASDAQ:STLD) hit a new 52-week high on Tuesday . The company traded as high as $27.48 and last traded at $27.33, with a volume of 2,501,006 shares traded. The stock had previously closed at $26.91.

A number of analysts recently weighed in on STLD shares. Credit Suisse Group AG increased their price target on shares of Steel Dynamics from $27.00 to $33.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 8th. Deutsche Bank AG reiterated a “buy” rating and set a $25.00 price target (up previously from $23.00) on shares of Steel Dynamics in a research note on Wednesday, March 23rd. Macquarie increased their price target on shares of Steel Dynamics from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Friday, April 22nd. Zacks Investment Research cut shares of Steel Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, July 1st. Finally, Cowen and Company reiterated a “buy” rating on shares of Steel Dynamics in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating and nineteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.16.

The firm’s market capitalization is $6.67 billion. The firm’s 50-day moving average is $25.17 and its 200-day moving average is $21.78.

Steel Dynamics (NASDAQ:STLD) last released its earnings results on Wednesday, April 20th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.02. The business had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 EPS. Analysts anticipate that Steel Dynamics Inc. will post $1.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, June 28th. This represents a $0.56 annualized dividend and a yield of 2.08%.

A number of hedge funds have added to or reduced their stakes in STLD. Sawtooth Asset Management Inc. raised its stake in Steel Dynamics by 8,296.5% in the fourth quarter. Sawtooth Asset Management Inc. now owns 56,928 shares of the company’s stock valued at $1,017,000 after buying an additional 56,250 shares during the last quarter. Engineers Gate Manager LP raised its stake in Steel Dynamics by 291.4% in the fourth quarter. Engineers Gate Manager LP now owns 59,654 shares of the company’s stock valued at $1,066,000 after buying an additional 44,414 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Steel Dynamics during the fourth quarter valued at $1,068,000. BOKF NA raised its stake in Steel Dynamics by 0.5% in the fourth quarter. BOKF NA now owns 67,732 shares of the company’s stock valued at $1,210,000 after buying an additional 322 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Steel Dynamics by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,198 shares of the company’s stock valued at $1,254,000 after buying an additional 317 shares during the last quarter.

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