Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Buys Shares of 3,582 Steel Dynamics, Inc. $STLD

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Steel Dynamics, Inc. (NASDAQ:STLD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,582 shares of the basic materials company’s stock, valued at approximately $607,000.

Several other institutional investors also recently bought and sold shares of STLD. Fisher Asset Management LLC lifted its stake in shares of Steel Dynamics by 47.2% during the third quarter. Fisher Asset Management LLC now owns 34,878 shares of the basic materials company’s stock worth $4,863,000 after buying an additional 11,183 shares during the period. Strs Ohio lifted its stake in shares of Steel Dynamics by 7.3% during the fourth quarter. Strs Ohio now owns 153,878 shares of the basic materials company’s stock worth $26,075,000 after buying an additional 10,519 shares during the period. Concentric Capital Strategies LP acquired a new stake in shares of Steel Dynamics during the third quarter worth $24,349,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Steel Dynamics by 3.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,008,199 shares of the basic materials company’s stock worth $340,289,000 after buying an additional 72,122 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of Steel Dynamics by 16.4% during the third quarter. Lansforsakringar Fondforvaltning AB publ now owns 47,912 shares of the basic materials company’s stock worth $6,680,000 after buying an additional 6,738 shares during the period. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Miguel Alvarez sold 4,825 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $225.58, for a total transaction of $1,088,423.50. Following the completion of the transaction, the senior vice president owned 122,257 shares of the company’s stock, valued at $27,578,734.06. This trade represents a 3.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Richard A. Poinsatte sold 2,300 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $234.11, for a total transaction of $538,453.00. Following the transaction, the senior vice president directly owned 28,618 shares of the company’s stock, valued at approximately $6,699,759.98. This trade represents a 7.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,125 shares of company stock valued at $2,751,227 over the last 90 days. Insiders own 6.60% of the company’s stock.

Steel Dynamics Trading Down 3.0%

Shares of Steel Dynamics stock opened at $268.50 on Friday. 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 firm has a fifty day moving average price of $220.99 and a 200 day moving average price of $192.55. Steel Dynamics, Inc. has a 1 year low of $119.89 and a 1 year high of $280.49. The stock has a market cap of $38.86 billion, a PE ratio of 28.72, a price-to-earnings-growth ratio of 0.57 and a beta of 1.50.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Tuesday, April 21st. The basic materials company reported $2.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.79 by ($0.01). Steel Dynamics had a return on equity of 15.54% and a net margin of 7.22%.The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.39 billion. During the same period last year, the business earned $1.44 EPS. The company’s revenue for the quarter was up 19.1% on a year-over-year basis. Equities research analysts predict that Steel Dynamics, Inc. will post 14.77 earnings per share for the current year.

Steel Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, June 30th. Steel Dynamics’s dividend payout ratio (DPR) is 22.67%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on STLD shares. KeyCorp lifted their price objective on shares of Steel Dynamics from $190.00 to $241.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Citigroup lifted their price objective on shares of Steel Dynamics from $180.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Barclays started coverage on shares of Steel Dynamics in a research note on Thursday, May 21st. They set an “overweight” rating and a $270.00 price objective for the company. Bank of America downgraded shares of Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 price objective for the company. in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 14th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Steel Dynamics presently has an average rating of “Moderate Buy” and a consensus price target of $224.64.

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.