Steel Dynamics, Inc. $STLD Stock Holdings Decreased by Applied Finance Capital Management LLC

Applied Finance Capital Management LLC lowered its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 10.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 64,220 shares of the basic materials company’s stock after selling 7,573 shares during the period. Applied Finance Capital Management LLC’s holdings in Steel Dynamics were worth $10,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of STLD. NewEdge Advisors LLC increased its position in shares of Steel Dynamics by 307.5% in the 1st quarter. NewEdge Advisors LLC now owns 819 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 618 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Steel Dynamics by 82.7% in the 1st quarter. Acadian Asset Management LLC now owns 3,485 shares of the basic materials company’s stock worth $435,000 after purchasing an additional 1,578 shares during the last quarter. Jump Financial LLC bought a new stake in shares of Steel Dynamics in the 2nd quarter worth about $1,019,000. Qube Research & Technologies Ltd bought a new position in shares of Steel Dynamics in the 2nd quarter worth about $48,746,000. Finally, Sei Investments Co. lifted its position in shares of Steel Dynamics by 7.9% in the 2nd quarter. Sei Investments Co. now owns 105,051 shares of the basic materials company’s stock worth $13,447,000 after buying an additional 7,712 shares during the last quarter. Institutional investors own 82.41% of the company’s stock.

Steel Dynamics Stock Performance

Shares of STLD opened at $229.34 on Friday. The firm’s 50 day moving average is $197.95 and its 200-day moving average is $182.49. The stock has a market capitalization of $33.19 billion, a P/E ratio of 24.53, a P/E/G ratio of 0.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.13 and a quick ratio of 1.33. Steel Dynamics, Inc. has a 12-month low of $119.89 and a 12-month high of $243.73.

Steel Dynamics (NASDAQ:STLD) last announced its earnings results on Tuesday, April 21st. The basic materials company reported $2.78 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 during the quarter, compared to analyst estimates of $5.39 billion. During the same quarter in the previous year, the business earned $1.44 earnings per share. The business’s quarterly revenue was up 19.1% compared to the same quarter last year. Equities research analysts anticipate that Steel Dynamics, Inc. will post 14.77 EPS for the current fiscal year.

Steel Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Tuesday, June 30th. Steel Dynamics’s dividend payout ratio (DPR) is presently 22.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on STLD shares. Weiss Ratings upgraded shares of Steel Dynamics from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, April 29th. Wall Street Zen upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. 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 research report on Wednesday, April 22nd. Wells Fargo & Company raised their price target on shares of Steel Dynamics from $207.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Steel Dynamics from $192.00 to $205.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $214.30.

Insiders Place Their Bets

In other Steel Dynamics news, Director Kenneth W. Cornew sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $224.87, for a total value of $1,124,350.00. Following the completion of the transaction, the director directly owned 31,299 shares in the company, valued at $7,038,206.13. This trade represents a 13.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Richard A. Poinsatte sold 2,300 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $234.11, for a total transaction of $538,453.00. Following the completion of the transaction, the senior vice president owned 28,618 shares of the company’s stock, valued at approximately $6,699,759.98. The trade was a 7.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 12,125 shares of company stock worth $2,751,227 over the last ninety days. 6.60% of the stock is currently owned by company insiders.

Steel Dynamics Profile

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.