BlackRock Inc. Cuts Stake in Steel Dynamics, Inc. (STLD)
Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 17,084,445 shares of Steel Dynamics, Inc. (STLD). This represents 9.7% of the company.
In their previous filing dated January 27, 2022 they reported 25,061,389 shares and 12.60% of the company, a decrease in shares of 31.83% and a decrease in total ownership of 2.90% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests -7.45% Downside
As of January 24, 2023, the average one-year price target for Steel Dynamics is $99.66. The forecasts range from a low of $58.58 to a high of $127.05. The average price target represents a decrease of -7.45% from its latest reported closing price of $107.69.
The projected annual revenue for Steel Dynamics is $17,362MM, a decrease of -23.67%. The projected annual EPS is $11.01, a decrease of -51.78%.
Continue read on nasdaq.com