3,001 Shares in Steel Dynamics, Inc. (NASDAQ:STLD) Acquired by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in shares of Steel Dynamics, Inc. (NASDAQ:STLD) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,001 shares of the basic materials company’s stock, valued at approximately $339,000.

Several other large investors have also recently modified their holdings of the company. Empirical Finance LLC increased its stake in Steel Dynamics by 0.8% during the 4th quarter. Empirical Finance LLC now owns 10,381 shares of the basic materials company’s stock valued at $1,014,000 after purchasing an additional 82 shares in the last quarter. Wellington Shields & Co. LLC increased its stake in Steel Dynamics by 50.0% during the 4th quarter. Wellington Shields & Co. LLC now owns 300 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 100 shares in the last quarter. Security Financial Services INC. increased its stake in Steel Dynamics by 2.4% during the 1st quarter. Security Financial Services INC. now owns 4,416 shares of the basic materials company’s stock valued at $499,000 after purchasing an additional 103 shares in the last quarter. Regal Investment Advisors LLC increased its stake in Steel Dynamics by 2.0% during the 4th quarter. Regal Investment Advisors LLC now owns 5,255 shares of the basic materials company’s stock valued at $513,000 after purchasing an additional 104 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Steel Dynamics by 82.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 233 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 105 shares in the last quarter. Institutional investors own 81.32% of the company’s stock.

Steel Dynamics Stock Performance

Shares of NASDAQ STLD opened at $107.30 on Tuesday. The company’s fifty day moving average price is $105.25 and its 200 day moving average price is $106.51. Steel Dynamics, Inc. has a 1 year low of $69.12 and a 1 year high of $136.46. The company has a market capitalization of $17.77 billion, a PE ratio of 6.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.47 and a current ratio of 4.20.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Thursday, July 20th. The basic materials company reported $4.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($0.01). The company had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.51 billion. Steel Dynamics had a net margin of 14.66% and a return on equity of 40.44%. The business’s revenue for the quarter was down 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $6.73 earnings per share. On average, research analysts predict that Steel Dynamics, Inc. will post 16.03 earnings per share for the current year.

Steel Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.58%. The ex-dividend date is Thursday, September 28th. Steel Dynamics’s payout ratio is 9.91%.

Analyst Ratings Changes

A number of research analysts have issued reports on STLD shares. JPMorgan Chase & Co. upped their price target on shares of Steel Dynamics from $93.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, July 21st. Morgan Stanley increased their price objective on shares of Steel Dynamics from $97.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Monday, July 24th. StockNews.com initiated coverage on shares of Steel Dynamics in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. BMO Capital Markets cut their price objective on shares of Steel Dynamics from $120.00 to $115.00 in a research note on Monday, June 19th. Finally, BNP Paribas lowered shares of Steel Dynamics from an “outperform” rating to a “neutral” rating and set a $102.00 price objective on the stock. in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Steel Dynamics presently has a consensus rating of “Hold” and an average price target of $108.44.

Insider Buying and Selling at Steel Dynamics

In other Steel Dynamics news, SVP Christopher A. Graham sold 48,000 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $105.03, for a total transaction of $5,041,440.00. Following the transaction, the senior vice president now directly owns 61,353 shares of the company’s stock, valued at $6,443,905.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Gabriel Shaheen sold 1,717 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $105.80, for a total value of $181,658.60. Following the transaction, the director now directly owns 83,074 shares of the company’s stock, valued at $8,789,229.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Christopher A. Graham sold 48,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $105.03, for a total transaction of $5,041,440.00. Following the completion of the transaction, the senior vice president now directly owns 61,353 shares in the company, valued at $6,443,905.59. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Steel Dynamics Company Profile

Steel Dynamics, Inc, together with its subsidiaries, operates as a steel producer and metal recycler in the United States. It operates through three segments: Steel Operations, Metals Recycling Operations, and Steel Fabrication Operations. 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 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.