Banque Cantonale Vaudoise Grows Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Banque Cantonale Vaudoise raised its position in shares of Steel Dynamics, Inc. (NASDAQ:STLDFree Report) by 29.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,857 shares of the basic materials company’s stock after buying an additional 4,045 shares during the period. Banque Cantonale Vaudoise’s holdings in Steel Dynamics were worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of STLD. CVA Family Office LLC acquired a new stake in shares of Steel Dynamics in the fourth quarter valued at $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Steel Dynamics during the 4th quarter worth approximately $29,000. Lindbrook Capital LLC raised its holdings in shares of Steel Dynamics by 117.5% in the 4th quarter. Lindbrook Capital LLC now owns 248 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 134 shares in the last quarter. Security National Bank purchased a new stake in shares of Steel Dynamics during the 4th quarter worth $30,000. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Steel Dynamics during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling

In other Steel Dynamics news, SVP Christopher A. Graham sold 21,000 shares of Steel Dynamics stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $136.81, for a total value of $2,873,010.00. Following the completion of the sale, the senior vice president now owns 60,415 shares in the company, valued at approximately $8,265,376.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on STLD shares. JPMorgan Chase & Co. increased their price objective on Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, April 16th. Jefferies Financial Group initiated coverage on shares of Steel Dynamics in a research note on Monday, May 20th. They issued a “hold” rating and a $150.00 price target on the stock. BMO Capital Markets lowered their target price on shares of Steel Dynamics from $140.00 to $135.00 and set a “market perform” rating for the company in a report on Tuesday. Finally, Citigroup lifted their price target on shares of Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $127.43.

Get Our Latest Research Report on STLD

Steel Dynamics Trading Up 2.0 %

NASDAQ:STLD opened at $128.18 on Friday. The company has a market capitalization of $20.14 billion, a PE ratio of 8.80 and a beta of 1.40. Steel Dynamics, Inc. has a 52-week low of $95.53 and a 52-week high of $151.34. The stock has a fifty day simple moving average of $131.54 and a 200-day simple moving average of $128.24. The company has a quick ratio of 1.55, a current ratio of 2.87 and a debt-to-equity ratio of 0.29.

Steel Dynamics (NASDAQ:STLDGet Free Report) last announced its earnings results on Tuesday, April 23rd. The basic materials company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.54 by $0.13. Steel Dynamics had a return on equity of 27.62% and a net margin of 12.89%. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.74 billion. During the same quarter in the prior year, the firm earned $4.01 EPS. Steel Dynamics’s quarterly revenue was down 4.1% on a year-over-year basis. On average, equities research analysts expect that Steel Dynamics, Inc. will post 11.74 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Sunday, June 30th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.84 annualized dividend and a yield of 1.44%. Steel Dynamics’s payout ratio is currently 12.64%.

Steel Dynamics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Steel Dynamics (NASDAQ:STLD)

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