V Square Quantitative Management LLC Sells 285 Shares of Steel Dynamics, Inc. (NASDAQ:STLD)

V Square Quantitative Management LLC trimmed its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 6.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,959 shares of the basic materials company’s stock after selling 285 shares during the period. V Square Quantitative Management LLC’s holdings in Steel Dynamics were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Merchants Corp grew its stake in Steel Dynamics by 7.1% in the fourth quarter. First Merchants Corp now owns 3,646 shares of the basic materials company’s stock worth $416,000 after purchasing an additional 241 shares during the period. Howard Bailey Securities LLC grew its stake in Steel Dynamics by 107.1% in the fourth quarter. Howard Bailey Securities LLC now owns 11,452 shares of the basic materials company’s stock worth $1,306,000 after purchasing an additional 5,922 shares during the period. MFG Wealth Management Inc. purchased a new stake in Steel Dynamics in the fourth quarter worth $1,337,000. TFB Advisors LLC grew its stake in Steel Dynamics by 3.5% in the fourth quarter. TFB Advisors LLC now owns 4,069 shares of the basic materials company’s stock worth $464,000 after purchasing an additional 137 shares during the period. Finally, Savant Capital LLC grew its stake in shares of Steel Dynamics by 14.6% in the fourth quarter. Savant Capital LLC now owns 3,034 shares of the basic materials company’s stock worth $346,000 after acquiring an additional 387 shares during the last quarter. 82.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Glenn Pushis sold 23,649 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $134.67, for a total value of $3,184,810.83. Following the transaction, the senior vice president now owns 122,140 shares of the company’s stock, valued at approximately $16,448,593.80. This represents a 16.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.00% of the stock is owned by corporate insiders.

Steel Dynamics Trading Up 2.2 %

Shares of NASDAQ:STLD opened at $135.83 on Friday. The company has a market cap of $20.68 billion, a P/E ratio of 13.86 and a beta of 1.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08. Steel Dynamics, Inc. has a 1 year low of $104.60 and a 1 year high of $155.56. The stock’s fifty day moving average price is $123.36 and its 200-day moving average price is $126.46.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same period in the prior year, the company earned $2.61 EPS. Sell-side analysts expect that Steel Dynamics, Inc. will post 8.9 earnings per share for the current year.

Analyst Ratings Changes

STLD has been the topic of a number of recent research reports. The Goldman Sachs Group initiated coverage on Steel Dynamics in a research note on Monday, December 2nd. They issued a “neutral” rating and a $155.00 target price on the stock. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a research note on Friday, January 3rd. Jefferies Financial Group raised Steel Dynamics from a “hold” rating to a “buy” rating and increased their target price for the stock from $125.00 to $145.00 in a research note on Friday, January 24th. UBS Group reissued a “neutral” rating and issued a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. Finally, Citigroup cut their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Steel Dynamics presently has an average rating of “Hold” and a consensus price target of $146.22.

About Steel Dynamics

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.