Steel Dynamics, Inc. (NASDAQ:STLD) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. decreased its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 12.1% in the fourth quarter, HoldingsChannel reports. The firm owned 20,338 shares of the basic materials company’s stock after selling 2,797 shares during the period. Vontobel Holding Ltd.’s holdings in Steel Dynamics were worth $2,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of STLD. Global Retirement Partners LLC boosted its holdings in shares of Steel Dynamics by 25.8% in 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 period. Wellington Shields & Co. LLC grew its position 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 worth $29,000 after purchasing an additional 100 shares in the last quarter. Ronald Blue Trust Inc. raised 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 period. Allworth Financial LP lifted its holdings in shares of Steel Dynamics by 2.2% in the fourth quarter. Allworth Financial LP now owns 4,853 shares of the basic materials company’s stock valued at $573,000 after purchasing an additional 103 shares in the last quarter. Finally, Greenfield Savings Bank boosted its position 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 buying an additional 108 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Stock Performance

Shares of STLD opened at $136.07 on Friday. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 9.33 and a beta of 1.42. The company’s fifty day moving average is $135.97 and its 200-day moving average is $121.15. The company has a quick ratio of 1.67, a current ratio of 2.91 and a debt-to-equity ratio of 0.30. Steel Dynamics, Inc. has a 12 month low of $90.55 and a 12 month high of $151.34.

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

Steel Dynamics Increases Dividend

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

Wall Street Analyst Weigh In

STLD has been the subject of several research analyst reports. Citigroup increased their price objective on Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. boosted their price objective on shares of Steel Dynamics from $100.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday. UBS Group decreased their target price 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. Finally, BMO Capital Markets upped their price target on shares of Steel Dynamics from $110.00 to $120.00 and gave the stock a “market perform” rating in a research note on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Steel Dynamics has a consensus rating of “Hold” and an average target price of $120.29.

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.