3,000 Shares in Steel Dynamics, Inc. (NASDAQ:STLD) Purchased by Disciplined Equity Management Inc.

Disciplined Equity Management Inc. purchased a new position in Steel Dynamics, Inc. (NASDAQ:STLD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,000 shares of the basic materials company’s stock, valued at approximately $354,000.

A number of other large investors also recently bought and sold shares of the business. Ameriprise Financial Inc. raised its holdings in shares of Steel Dynamics by 165.4% during the third quarter. Ameriprise Financial Inc. now owns 2,014,956 shares of the basic materials company’s stock valued at $212,447,000 after acquiring an additional 1,255,751 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Steel Dynamics by 105.7% during the third quarter. Assetmark Inc. now owns 789,836 shares of the basic materials company’s stock valued at $84,686,000 after acquiring an additional 405,836 shares during the last quarter. Sapient Capital LLC acquired a new position in shares of Steel Dynamics during the fourth quarter valued at approximately $38,644,000. Nordea Investment Management AB raised its holdings in shares of Steel Dynamics by 29.0% during the third quarter. Nordea Investment Management AB now owns 997,827 shares of the basic materials company’s stock valued at $106,139,000 after acquiring an additional 224,226 shares during the last quarter. Finally, ING Groep NV raised its holdings in shares of Steel Dynamics by 832.8% during the third quarter. ING Groep NV now owns 213,975 shares of the basic materials company’s stock valued at $22,942,000 after acquiring an additional 191,036 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Trading Down 3.2 %

Shares of STLD traded down $4.24 during midday trading on Wednesday, hitting $129.92. 2,557,025 shares of the stock were exchanged, compared to its average volume of 1,199,661. Steel Dynamics, Inc. has a 52-week low of $90.55 and a 52-week high of $151.34. The stock has a fifty day simple moving average of $136.80 and a 200 day simple moving average of $121.97. The firm has a market cap of $20.52 billion, a P/E ratio of 8.90 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.91.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.13. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Steel Dynamics had a return on equity of 29.49% and a net margin of 13.04%. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period last year, the firm earned $4.01 earnings per share. On average, research analysts anticipate that Steel Dynamics, Inc. will post 11.79 EPS for the current fiscal year.

Steel Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 14th. Shareholders of record on Sunday, March 31st were paid a $0.46 dividend. The ex-dividend date was Wednesday, March 27th. This is a boost from Steel Dynamics’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 1.42%. Steel Dynamics’s dividend payout ratio (DPR) is currently 12.61%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. BMO Capital Markets increased their target price on Steel Dynamics from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, March 18th. JPMorgan Chase & Co. upped their price target on Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, April 16th. Citigroup upped their price target on Steel Dynamics from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, UBS Group dropped their price target on Steel Dynamics from $120.00 to $119.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $121.17.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. The Steel Operations segment offers hot rolled, cold rolled, and coated steel products; parallel flange beams and channel sections, flat bars, large unequal leg angles, and reinforcing steel bars, as well as standard strength carbon, intermediate alloy hardness, and premium grade rail products; engineered special-bar-quality products, merchant-bar-quality products, and other engineered round steel bars; channels, angles, flats, merchant rounds, and reinforcing steel bars; and specialty shapes and light structural steel products.