Compound Planning Inc. Has $443,000 Stake in Steel Dynamics, Inc. $STLD

Compound Planning Inc. cut its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 55.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,459 shares of the basic materials company’s stock after selling 3,063 shares during the period. Compound Planning Inc.’s holdings in Steel Dynamics were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of STLD. Klingman & Associates LLC acquired a new position in shares of Steel Dynamics during the first quarter worth about $234,000. Volterra Technologies LP bought a new position in shares of Steel Dynamics during the 1st quarter worth approximately $347,000. Dickmeyer Boyce Financial Management Inc. acquired a new stake in shares of Steel Dynamics in the first quarter valued at approximately $832,000. Sei Investments Co. raised its holdings in shares of Steel Dynamics by 6.7% in the first quarter. Sei Investments Co. now owns 125,648 shares of the basic materials company’s stock valued at $22,617,000 after purchasing an additional 7,917 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Steel Dynamics by 8.5% in the first quarter. Cetera Investment Advisers now owns 47,298 shares of the basic materials company’s stock worth $8,514,000 after purchasing an additional 3,689 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Transactions at Steel Dynamics

In related news, SVP James Stanley Anderson sold 10,000 shares of Steel Dynamics stock in a transaction dated 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 owned 102,837 shares in the company, valued at approximately $27,632,301.90. This trade represents a 8.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Richard A. Poinsatte sold 2,300 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $234.11, for a total value of $538,453.00. Following the transaction, the senior vice president directly owned 28,618 shares in the company, valued at approximately $6,699,759.98. This trade represents a 7.44% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 6.60% of the company’s stock.

Steel Dynamics Price Performance

Shares of STLD opened at $252.34 on Thursday. The company has a current ratio of 3.18, a quick ratio of 1.45 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $248.00 and its 200 day simple moving average is $213.15. Steel Dynamics, Inc. has a 1-year low of $119.89 and a 1-year high of $288.74. The company has a market cap of $36.52 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 0.49 and a beta of 1.53.

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

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Tuesday, June 30th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 0.8%. The ex-dividend date was Tuesday, June 30th. Steel Dynamics’s dividend payout ratio (DPR) is 19.22%.

Analyst Ratings Changes

A number of research analysts recently weighed in on STLD shares. Bank of America decreased their target price on shares of Steel Dynamics from $280.00 to $260.00 and set a “neutral” rating for the company in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Weiss Ratings upgraded shares of Steel Dynamics from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Morgan Stanley decreased their price objective on Steel Dynamics from $270.00 to $260.00 and set an “equal weight” rating for the company in a report on Wednesday, July 22nd. Finally, Citigroup lifted their target price on Steel Dynamics from $180.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Steel Dynamics presently has a consensus rating of “Moderate Buy” and an average target price of $249.00.

About Steel Dynamics

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.