Advisory Alpha LLC Acquires Shares of 2,648 Steel Dynamics, Inc. (NASDAQ:STLD)

Advisory Alpha LLC purchased a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,648 shares of the basic materials company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of Steel Dynamics during the 3rd quarter worth approximately $25,000. ORG Wealth Partners LLC acquired a new stake in shares of Steel Dynamics during the 4th quarter worth approximately $28,000. Private Trust Co. NA raised its position in shares of Steel Dynamics by 532.6% during the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 245 shares during the period. Brooklyn Investment Group acquired a new stake in shares of Steel Dynamics during the 3rd quarter worth approximately $61,000. Finally, Quest Partners LLC acquired a new stake in shares of Steel Dynamics during the 3rd quarter worth approximately $62,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

Steel Dynamics Stock Performance

Shares of NASDAQ STLD opened at $122.37 on Friday. The stock has a fifty day moving average price of $127.61 and a two-hundred day moving average price of $126.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 2.39. The firm has a market cap of $18.63 billion, a P/E ratio of 11.07 and a beta of 1.36. Steel Dynamics, Inc. has a 1 year low of $104.60 and a 1 year high of $155.56.

Steel Dynamics (NASDAQ:STLD) last issued its quarterly earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 9.80% and a return on equity of 19.82%. During the same period in the prior year, the business earned $2.61 EPS. Research analysts forecast that Steel Dynamics, Inc. will post 9.7 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.46 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 annualized dividend and a yield of 1.50%. Steel Dynamics’s payout ratio is presently 18.78%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on STLD. JPMorgan Chase & Co. dropped their price target on Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Citigroup lowered their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Bank of America upgraded Steel Dynamics from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $155.00 in a research report on Tuesday, October 1st. Jefferies Financial Group lowered their target price on Steel Dynamics from $145.00 to $125.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Finally, UBS Group restated a “neutral” rating and issued a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $140.88.

Insiders Place Their Bets

In other Steel Dynamics news, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $143.00, for a total transaction of $950,950.00. Following the sale, the senior vice president now owns 116,949 shares in the company, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad Bickford sold 2,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $134.86, for a total value of $269,720.00. Following the sale, the vice president now owns 17,100 shares in the company, valued at approximately $2,306,106. The trade was a 10.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,650 shares of company stock worth $1,498,170. Company insiders own 6.00% of the company’s stock.

Steel Dynamics 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.