Symmetry Companions LLC Invests $1.14 Million in Metal Dynamics, Inc. (NASDAQ:STLD)
Symmetry Companions LLC bought a brand new place in shares of Metal Dynamics, Inc. (NASDAQ:STLD – Get Ranking) within the fourth quarter, in line with its most up-to-date submitting with the Securities and Trade Fee (SEC). The fund bought 11,671 shares of the essential supplies firm’s inventory, valued at roughly $1,140,000.
Different massive traders additionally lately modified their holdings of the corporate. Clearstead Advisors LLC acquired a brand new place in shares of Metal Dynamics within the third quarter valued at $35,000. Exos TFP Holdings LLC acquired a brand new place in shares of Metal Dynamics within the third quarter valued at $42,000. Parkside Monetary Financial institution & Belief raised its stake in shares of Metal Dynamics by 27.4% within the third quarter. Parkside Monetary Financial institution & Belief now owns 596 shares of the essential supplies firm’s inventory valued at $42,000 after buying an extra 128 shares within the final quarter. SeaCrest Wealth Administration LLC acquired a brand new place in shares of Metal Dynamics within the second quarter valued at $47,000. Lastly, Capital Analysts LLC raised its stake in shares of Metal Dynamics by 20.0% within the second quarter. Capital Analysts LLC now owns 846 shares of the essential supplies firm’s inventory valued at $56,000 after buying an extra 141 shares within the final quarter. 79.54% of the inventory is at present owned by institutional traders and hedge funds.
Analyst Upgrades and Downgrades
STLD has been the subject of quite a few analyst stories. Morgan Stanley upped their worth goal on Metal Dynamics from $85.00 to $93.00 and gave the corporate an “equal weight” ranking in a analysis report on Monday, January thirtieth. StockNews.com initiated protection on Metal Dynamics in a analysis report on Thursday. They issued a “maintain” ranking on the inventory. Credit score Suisse Group upped their worth goal on Metal Dynamics from $92.00 to $106.00 and gave the corporate an “outperform” ranking in a analysis report on Thursday. BMO Capital Markets upped their worth goal on Metal Dynamics from $109.00 to $120.00 and gave the corporate a “market carry out” ranking in a analysis report on Friday, January twenty seventh. Lastly, The Goldman Sachs Group lower Metal Dynamics from a “purchase” ranking to a “impartial” ranking and upped their worth goal for the corporate from $114.00 to $118.00 in a analysis report on Friday, January twenty seventh. Six funding analysts have rated the inventory with a maintain ranking and three have given a purchase ranking to the corporate’s inventory. In response to MarketBeat, the corporate at present has a consensus ranking of “Maintain” and a consensus goal worth of $107.43.
Metal Dynamics Worth Efficiency
Shares of STLD inventory opened at $106.27 on Friday. The inventory’s fifty day transferring common is $118.87 and its 200-day transferring common is $100.91. The corporate has a debt-to-equity ratio of 0.38, a fast ratio of two.22 and a present ratio of three.76. The inventory has a market capitalization of $18.23 billion, a PE ratio of 5.11 and a beta of 1.51. Metal Dynamics, Inc. has a 52 week low of $62.44 and a 52 week excessive of $136.46.
Metal Dynamics (NASDAQ:STLD – Get Ranking) final introduced its earnings outcomes on Wednesday, January twenty fifth. The fundamental supplies firm reported $4.37 EPS for the quarter, topping the consensus estimate of $3.60 by $0.77. The corporate had income of $4.83 billion for the quarter, in comparison with analysts’ expectations of $4.77 billion. Metal Dynamics had a return on fairness of 56.22% and a web margin of 17.35%. The enterprise’s income for the quarter was down 9.1% on a year-over-year foundation. Throughout the identical quarter within the prior yr, the enterprise earned $5.78 earnings per share. Equities analysis analysts count on that Metal Dynamics, Inc. will publish 13.68 EPS for the present fiscal yr.
Metal Dynamics Will increase Dividend
The corporate additionally lately declared a quarterly dividend, which shall be paid on Friday, April 14th. Traders of document on Friday, March thirty first shall be issued a $0.425 dividend. It is a enhance from Metal Dynamics’s earlier quarterly dividend of $0.34. The ex-dividend date is Thursday, March thirtieth. This represents a $1.70 annualized dividend and a yield of 1.60%. Metal Dynamics’s dividend payout ratio (DPR) is at present 6.54%.
Metal Dynamics Firm Profile
Metal Dynamics, Inc engages within the manufacture of metal merchandise and metallic recycling. It operates by the next segments: Metal Operations, Metals Recycling Operations, and Metal Fabrication Operations. The Metal Operations section consists of sheet merchandise together with sizzling roll, chilly roll, and coated metal, lengthy merchandise together with structural metal beams, pilings, and normal and premium grade rail, and metal ending companies reminiscent of turning, sharpening, straightening, chamfering, threading, and precision saw-cutting.
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