Boston Partners Has $303.97 Million Stock Position in Steel Dynamics, Inc. $STLD

Boston Partners raised its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 147.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,793,630 shares of the basic materials company’s stock after buying an additional 1,070,042 shares during the period. Boston Partners’ holdings in Steel Dynamics were worth $303,970,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Optas LLC boosted its holdings in shares of Steel Dynamics by 3.0% in the 4th quarter. Optas LLC now owns 1,979 shares of the basic materials company’s stock worth $335,000 after buying an additional 58 shares during the last quarter. Hohimer Wealth Management LLC lifted its holdings in Steel Dynamics by 1.1% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,708 shares of the basic materials company’s stock valued at $967,000 after purchasing an additional 61 shares during the last quarter. Wright Investors Service Inc. lifted its holdings in shares of Steel Dynamics by 1.2% in the fourth quarter. Wright Investors Service Inc. now owns 5,555 shares of the basic materials company’s stock worth $941,000 after buying an additional 64 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Steel Dynamics by 4.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the basic materials company’s stock worth $246,000 after buying an additional 70 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in shares of Steel Dynamics by 22.2% in the fourth quarter. Root Financial Partners LLC now owns 424 shares of the basic materials company’s stock worth $72,000 after buying an additional 77 shares in the last quarter. Institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling

In other news, SVP James Stanley Anderson sold 10,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $268.70, for a total transaction of $2,687,000.00. Following the completion of the transaction, the senior vice president directly owned 102,837 shares in the company, valued at $27,632,301.90. This trade represents a 8.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Richard A. Poinsatte sold 2,300 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $234.11, for a total value of $538,453.00. Following the transaction, the senior vice president owned 28,618 shares of the company’s stock, valued at $6,699,759.98. The trade was a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,125 shares of company stock valued at $5,438,227 over the last ninety days. Insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

STLD has been the topic of a number of recent analyst reports. KeyCorp increased their price target on shares of Steel Dynamics from $190.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Citigroup increased their price target on shares of Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley restated an “underperform” rating and issued a $190.00 price objective on shares of Steel Dynamics in a research report on Tuesday, March 17th. Wells Fargo & Company upped their price objective on shares of Steel Dynamics from $235.00 to $293.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Finally, Barclays initiated coverage on shares of Steel Dynamics in a research report on Thursday, May 21st. They issued an “overweight” rating and a $270.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $224.64.

Steel Dynamics Price Performance

Shares of NASDAQ:STLD opened at $282.76 on Friday. Steel Dynamics, Inc. has a 1-year low of $119.89 and a 1-year high of $285.88. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33. The business has a fifty day moving average price of $230.74 and a 200-day moving average price of $196.69. The company has a market capitalization of $40.92 billion, a PE ratio of 30.24, a PEG ratio of 0.57 and a beta of 1.50.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share for the quarter, missing the consensus estimate of $2.79 by ($0.01). Steel Dynamics had a net margin of 7.22% and a return on equity of 15.54%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. Steel Dynamics’s revenue was up 19.1% compared to the same quarter last year. As a group, equities analysts expect that Steel Dynamics, Inc. will post 15.32 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.53 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.12 annualized dividend and a dividend yield of 0.7%. Steel Dynamics’s dividend payout ratio (DPR) is presently 22.67%.

Steel Dynamics Company Profile

Steel Dynamics, Inc is a U.S.-based, diversified steel producer and metals recycler that operates an integrated network of mini-mills, finishing lines and fabrication facilities. Founded in 1993 and headquartered in Fort Wayne, Indiana, the company manufactures a broad range of steel products and provides downstream processing, coating and fabrication services to industrial customers. Its operations combine steelmaking using electric-arc furnaces with extensive metals recycling capabilities, allowing Steel Dynamics to convert scrap ferrous and nonferrous materials into finished steel products.

The company’s product portfolio includes flat-rolled steel (coiled and sheet products), structural steel and fabricated components, along with coated and painted steel used in consumer, industrial and construction applications.