Stocks Movement Analysis: Steel Dynamics Inc. (NASDAQ:STLD)


Steel Dynamics Inc. (NASDAQ:STLD) added 0.71% and closed its last session at $35.48. The stock has the market capitalization of $8.65 Billion with the total outstanding shares of 243.82 Million. Steel Dynamics Inc.. has Analysts’ Mean Recommendation of 1.64 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 80.27 for trailing twelve months while its Forward P/E is 16.59.

Steel Dynamics Inc. (NASDAQ:STLD) touched its 52-Week High of $36.43 on Nov 30, 2016 while it’s 52-Week Low of $15.32 on Jan 20, 2016. The company currently has Return on Assets of 6.5 percent, Return on Equity of 15.2% and Return on Investment of 0.5 percent. The stock currently showing Weekly Volatility of 2.83%% and Monthly Volatility of 3.09% Percent with Average True Range of 1.01 and Beta of 1.49.

The 16 analysts offering 12-month price forecasts for Steel Dynamics Inc have a median target of 31.00, with a high estimate of 45.00 and a low estimate of 19.00. The median estimate represents a -12.63% decrease from the last price of 35.48.

Press Release:

The Company on 29 November declared that it has commenced a cash tender offer (the “Offer”) for any and all of the $400 million aggregate principal amount of its 6.125% Senior Notes due 2019 (CUSIP No. 858119AT7; ISIN US858119AT71) (the “Notes”).  The terms of the Offer are described in the Offer to Purchase dated November 29, 2016 (the “Offer to Purchase”), a related Letter of Transmittal (the “Letter of Transmittal”) and a related Notice of Guaranteed Delivery (the “Notice of Guaranteed Delivery”) are being sent to holders of the Notes and are available on the following website:

The Offer is subject to a number of conditions that are set forth in the Offer to Purchase, including, without limitation, the completion of a new debt financing on terms reasonably satisfactory to the Company and in an amount generating net proceeds sufficient, together with cash on hand, to purchase Notes tendered in the Offer.  The Company’s obligations to accept any Notes tendered and to pay the consideration for them are set forth solely in the Offer to Purchase, the Letter of Transmittal and the Notice of Guaranteed Delivery.

Holders must validly tender (and not validly withdraw) their Notes prior to 5:00 p.m., New York City time, on December 5, 2016, unless extended (the “Expiration Time”), in order to be eligible to receive the “Purchase Price.”  The Purchase Price will equal $1,033.88 per $1,000 principal amount of Notes, plus any accrued and unpaid interest on the Notes up to, but not including, the settlement date for the Offer.  The Company expects the settlement date to occur on December 6, 2016.

Company Profile:

Steel Dynamics, Inc. owns and operates a flat-rolled steel mini-mill. Steel Dynamics operates in the production and sale of hot-rolled and cold-rolled steel coils. The company’s customers consist of intermediate steel processors, steel service centers and end users including manufacturers of cold-rolled strip, oil and gas transmission pipe, and mechanical and structural tubing.