12,437 Shares in Steel Dynamics, Inc. $STLD Bought by Sustainable Insight Capital Management LLC

Sustainable Insight Capital Management LLC bought a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) in the fourth quarter, Holdings Channel.com reports. The fund bought 12,437 shares of the basic materials company’s stock, valued at approximately $2,107,000.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its stake in Steel Dynamics by 1,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 160 shares of the basic materials company’s stock worth $28,000 after buying an additional 150 shares during the last quarter. Torren Management LLC bought a new position in Steel Dynamics during the fourth quarter worth $34,000. Nvest Wealth Strategies Inc. bought a new position in Steel Dynamics during the fourth quarter worth $42,000. Eagle Bay Advisors LLC bought a new position in Steel Dynamics during the fourth quarter worth $45,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Steel Dynamics during the third quarter worth $46,000. Institutional investors own 82.41% of the company’s stock.

Insider Buying and Selling

In related news, Director Kenneth W. Cornew sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $224.87, for a total transaction of $1,124,350.00. Following the transaction, the director directly owned 31,299 shares in the company, valued at approximately $7,038,206.13. The trade was a 13.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James Stanley Anderson sold 10,000 shares of the business’s 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 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 SEC filing for this sale provides additional information. Insiders have sold 22,125 shares of company stock worth $5,438,227 over the last three months. Company insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

STLD has been the subject of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of Steel Dynamics in a report on Tuesday, March 17th. Morgan Stanley restated an “underperform” rating and issued a $190.00 price target on shares of Steel Dynamics in a report on Tuesday, March 17th. Bank of America cut shares of Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 price target for the company. in a report on Thursday, April 30th. Wall Street Zen upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, April 18th. Finally, KeyCorp raised their price target on shares of Steel Dynamics from $190.00 to $241.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. 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 Stock Up 4.2%

STLD stock opened at $279.55 on Friday. Steel Dynamics, Inc. has a twelve month low of $119.89 and a twelve month high of $281.59. The company has a quick ratio of 1.33, a current ratio of 3.13 and a debt-to-equity ratio of 0.46. The stock’s 50 day moving average is $228.75 and its 200-day moving average is $196.08. The firm has a market capitalization of $40.46 billion, a PE ratio of 29.90, a P/E/G ratio of 0.57 and a beta of 1.50.

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

Steel Dynamics Announces Dividend

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

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.