Atlas Capital Advisors Inc. Acquires Shares of 3,063 Steel Dynamics, Inc. $STLD

Atlas Capital Advisors Inc. acquired a new stake in Steel Dynamics, Inc. (NASDAQ:STLD) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,063 shares of the basic materials company’s stock, valued at approximately $519,000.

Several other large investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC acquired a new stake in Steel Dynamics in the fourth quarter valued at approximately $229,000. Jacobi Capital Management LLC grew its position in Steel Dynamics by 1.6% in the fourth quarter. Jacobi Capital Management LLC now owns 3,533 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 55 shares in the last quarter. FORA Capital LLC acquired a new stake in Steel Dynamics in the fourth quarter valued at approximately $958,000. Kestra Advisory Services LLC grew its position in Steel Dynamics by 19.2% in the fourth quarter. Kestra Advisory Services LLC now owns 7,864 shares of the basic materials company’s stock valued at $1,333,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in Steel Dynamics in the fourth quarter valued at approximately $211,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Transactions at Steel Dynamics

In related news, 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 in the company, valued at $6,699,759.98. This trade represents a 7.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Miguel Alvarez sold 4,825 shares of the firm’s stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $225.58, for a total value of $1,088,423.50. Following the transaction, the senior vice president owned 122,257 shares in the company, valued at $27,578,734.06. This trade represents a 3.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,125 shares of company stock valued at $5,438,227. Company insiders own 6.60% of the company’s stock.

Analyst Upgrades and Downgrades

STLD has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Steel Dynamics from $235.00 to $293.00 and gave the stock an “overweight” rating in a research report on Thursday, June 4th. Bank of America downgraded shares of Steel Dynamics from a “buy” rating to a “neutral” rating and set a $250.00 price target for the company. in a research report on Thursday, April 30th. JPMorgan Chase & Co. raised their price target on shares of Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 14th. Weiss Ratings raised shares of Steel Dynamics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen raised shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Steel Dynamics presently has an average rating of “Moderate Buy” and a consensus target price of $224.64.

Steel Dynamics Stock Down 3.7%

STLD stock opened at $272.19 on Tuesday. Steel Dynamics, Inc. has a twelve month low of $119.89 and a twelve month high of $288.74. The company has a current ratio of 3.13, a quick ratio of 1.33 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $39.39 billion, a P/E ratio of 29.11, a PEG ratio of 0.56 and a beta of 1.50. The firm has a 50 day simple moving average of $232.58 and a 200-day simple moving average of $197.70.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data 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 firm had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.39 billion. During the same quarter last year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, equities research analysts predict that Steel Dynamics, Inc. will post 15.85 earnings per share for the current fiscal year.

Steel Dynamics Announces Dividend

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