Steel Dynamics Inc. (NASDAQ:STLD)’s share price fell 3.3% on Friday . The company traded as low as $24.82 and last traded at $24.86, with a volume of 1,632,974 shares. The stock had previously closed at $25.70.

A number of research firms recently weighed in on STLD. Cowen and Company reissued a “buy” rating on shares of Steel Dynamics in a research note on Saturday, April 23rd. Macquarie reissued a “buy” rating on shares of Steel Dynamics in a research note on Saturday, April 23rd. Jefferies Group reissued a “buy” rating and set a $31.00 price target (up from $28.00) on shares of Steel Dynamics in a research note on Friday, June 10th. Rosenblatt Securities began coverage on shares of Steel Dynamics in a research note on Wednesday, June 1st. They set a “buy” rating and a $21.00 price target for the company. Finally, Barclays PLC reissued an “overweight” rating and set a $28.00 price target (up from $27.00) on shares of Steel Dynamics in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. Steel Dynamics has a consensus rating of “Buy” and a consensus target price of $27.49.

The firm has a market capitalization of $6.04 billion and a price-to-earnings ratio of 505.92. The company has a 50-day moving average of $26.32 and a 200 day moving average of $23.51.

Steel Dynamics (NASDAQ:STLD) last released its quarterly earnings results on Monday, July 18th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. During the same quarter in the previous year, the business posted $0.22 EPS. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.03 billion. On average, equities analysts forecast that Steel Dynamics Inc. will post $2.11 EPS for the current fiscal year.

In other Steel Dynamics news, Director Keith E. Busse sold 13,155 shares of the firm’s stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of $27.00, for a total transaction of $355,185.00. Following the completion of the transaction, the director now owns 1,006,894 shares in the company, valued at approximately $27,186,138. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jurgen Dr Kolb sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $26.50, for a total transaction of $26,500.00. Following the transaction, the director now owns 65,014 shares of the company’s stock, valued at approximately $1,722,871. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Steel Dynamics stock. Principal Financial Group Inc. boosted its stake in Steel Dynamics Inc. (NASDAQ:STLD) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 777,757 shares of the company’s stock after buying an additional 19,123 shares during the period. Principal Financial Group Inc. owned 0.32% of Steel Dynamics worth $13,898,000 as of its most recent filing with the SEC.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.