Sentry Investment Management LLC Has $94,000 Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

Sentry Investment Management LLC reduced its position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 9.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 796 shares of the basic materials company’s stock after selling 85 shares during the period. Sentry Investment Management LLC’s holdings in Steel Dynamics were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in STLD. Global Retirement Partners LLC raised its holdings in Steel Dynamics by 25.8% during the fourth quarter. Global Retirement Partners LLC now owns 478 shares of the basic materials company’s stock worth $53,000 after buying an additional 98 shares during the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Steel Dynamics by 50.0% in the 4th quarter. Wellington Shields & Co. LLC now owns 300 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 100 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in Steel Dynamics by 7.8% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,425 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 103 shares during the last quarter. Allworth Financial LP increased its holdings in Steel Dynamics by 2.2% during the 4th quarter. Allworth Financial LP now owns 4,853 shares of the basic materials company’s stock worth $573,000 after purchasing an additional 103 shares in the last quarter. Finally, Greenfield Savings Bank raised its stake in shares of Steel Dynamics by 0.9% in the fourth quarter. Greenfield Savings Bank now owns 11,591 shares of the basic materials company’s stock worth $1,369,000 after purchasing an additional 108 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Stock Performance

NASDAQ STLD opened at $136.07 on Friday. The company has a market capitalization of $21.49 billion, a PE ratio of 9.33 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.91. Steel Dynamics, Inc. has a 52-week low of $90.55 and a 52-week high of $151.34. The company has a 50-day simple moving average of $135.97 and a 200 day simple moving average of $121.15.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Tuesday, January 23rd. The basic materials company reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.63 by ($0.02). The company had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.22 billion. Steel Dynamics had a return on equity of 29.49% and a net margin of 13.04%. The company’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.37 EPS. On average, research analysts predict that Steel Dynamics, Inc. will post 11.79 EPS for the current year.

Steel Dynamics Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 14th. Shareholders of record on Sunday, March 31st were paid a $0.46 dividend. The ex-dividend date was Wednesday, March 27th. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 1.35%. Steel Dynamics’s payout ratio is presently 12.61%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STLD shares. JPMorgan Chase & Co. upped their price target on Steel Dynamics from $100.00 to $118.00 and gave the stock an “underweight” rating in a report on Tuesday. BMO Capital Markets increased their target price on shares of Steel Dynamics from $110.00 to $120.00 and gave the company a “market perform” rating in a report on Monday, March 18th. Citigroup boosted their price target on shares of Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Finally, UBS Group decreased their price objective on shares of Steel Dynamics from $120.00 to $119.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Steel Dynamics currently has a consensus rating of “Hold” and a consensus target price of $120.29.

Steel Dynamics Company Profile

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.