Steel Dynamics, Inc. (NASDAQ:STLD) Shares Sold by Bailard Inc.

Bailard Inc. decreased its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 94,904 shares of the basic materials company’s stock after selling 462 shares during the period. Bailard Inc.’s holdings in Steel Dynamics were worth $11,208,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in shares of Steel Dynamics during the 4th quarter valued at about $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in shares of Steel Dynamics during the 4th quarter valued at about $29,000. Lindbrook Capital LLC increased its stake in shares of Steel Dynamics by 117.5% during the 4th quarter. Lindbrook Capital LLC now owns 248 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 134 shares during the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Steel Dynamics during the 4th quarter valued at about $44,000. Finally, Denali Advisors LLC increased its stake in shares of Steel Dynamics by 99.0% during the 4th quarter. Denali Advisors LLC now owns 406 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 202 shares during the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Steel Dynamics Stock Down 3.2 %

Shares of STLD stock traded down $4.24 on Wednesday, hitting $129.92. The stock had a trading volume of 2,557,025 shares, compared to its average volume of 1,199,661. The stock’s 50 day moving average is $136.80 and its 200-day moving average is $121.97. The firm has a market capitalization of $20.52 billion, a price-to-earnings ratio of 8.90 and a beta of 1.42. Steel Dynamics, Inc. has a 52-week low of $90.55 and a 52-week high of $151.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.91.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported $3.67 earnings per share for the quarter, beating analysts’ consensus estimates of $3.54 by $0.13. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.74 billion. Steel Dynamics had a net margin of 13.04% and a return on equity of 29.49%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.01 EPS. As a group, research analysts expect that Steel Dynamics, Inc. will post 11.79 earnings per share for the current year.

Steel Dynamics Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 14th. Shareholders of record on Sunday, March 31st were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Wednesday, March 27th. This is a positive change from Steel Dynamics’s previous quarterly dividend of $0.43. Steel Dynamics’s dividend payout ratio (DPR) is 12.61%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Steel Dynamics from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. boosted their target price on Steel Dynamics from $100.00 to $118.00 and gave the stock an “underweight” rating in a report on Tuesday, April 16th. UBS Group decreased their target price on Steel Dynamics from $120.00 to $119.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Finally, BMO Capital Markets boosted their target price on Steel Dynamics from $110.00 to $120.00 and gave the stock a “market perform” rating in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $121.17.

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.