Schuylkill Financial LLC Takes Position in Steel Dynamics, Inc. $STLD

Schuylkill Financial LLC bought a new stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,427 shares of the basic materials company’s stock, valued at approximately $786,000.

Other institutional investors have also bought and sold shares of the company. Prosperity Bancshares Inc purchased a new stake in Steel Dynamics in the 4th quarter valued at $25,000. Meeder Asset Management Inc. purchased a new position in Steel Dynamics during the 2nd quarter worth $26,000. MV Capital Management Inc. purchased a new position in Steel Dynamics during the 4th quarter worth $27,000. Cedar Mountain Advisors LLC bought a new stake in shares of Steel Dynamics in the 1st quarter worth $31,000. Finally, NBH Bank purchased a new stake in shares of Steel Dynamics in the second quarter valued at about $31,000. Institutional investors own 82.41% of the company’s stock.

Steel Dynamics Stock Down 1.6%

Shares of NASDAQ STLD opened at $242.06 on Friday. Steel Dynamics, Inc. has a one year low of $129.41 and a one year high of $288.74. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.18 and a quick ratio of 1.45. The business’s fifty day moving average price is $241.46 and its 200-day moving average price is $225.03. The stock has a market capitalization of $34.69 billion, a PE ratio of 21.95, a P/E/G ratio of 0.46 and a beta of 1.50.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results on Tuesday, July 21st. The basic materials company reported $3.69 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.06. Steel Dynamics had a return on equity of 18.12% and a net margin of 7.83%.The company had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.56 billion. During the same quarter in the prior year, the company earned $2.01 EPS. The firm’s quarterly revenue was up 33.4% compared to the same quarter last year. On average, equities research analysts anticipate that Steel Dynamics, Inc. will post 17.16 EPS for the current year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Wednesday, September 30th. Steel Dynamics’s dividend payout ratio (DPR) is currently 19.22%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Steel Dynamics from $256.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, July 22nd. Morgan Stanley reduced their price objective on shares of Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Steel Dynamics in a research note on Wednesday, July 22nd. Wells Fargo & Company dropped their target price on shares of Steel Dynamics from $275.00 to $255.00 and set an “overweight” rating on the stock in a research report on Monday, August 24th. Finally, Bank of America cut their target price on Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating on the stock in a research note on Thursday, July 9th. Eight equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $257.27.

Steel Dynamics 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.