Steel Dynamics, Inc. (NASDAQ:STLD) Shares Purchased by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in Steel Dynamics, Inc. (NASDAQ:STLD) by 18.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,500 shares of the basic materials company’s stock after acquiring an additional 1,000 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Steel Dynamics were worth $741,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Columbus Macro LLC raised its holdings in Steel Dynamics by 31.5% in the fourth quarter. Columbus Macro LLC now owns 2,271 shares of the basic materials company’s stock valued at $259,000 after acquiring an additional 544 shares in the last quarter. Optas LLC acquired a new stake in Steel Dynamics in the fourth quarter valued at approximately $204,000. Resonant Capital Advisors LLC raised its holdings in Steel Dynamics by 3.3% in the fourth quarter. Resonant Capital Advisors LLC now owns 3,200 shares of the basic materials company’s stock valued at $366,000 after acquiring an additional 101 shares in the last quarter. Greenleaf Trust raised its holdings in Steel Dynamics by 2.9% during the fourth quarter. Greenleaf Trust now owns 4,754 shares of the basic materials company’s stock worth $542,000 after purchasing an additional 133 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Steel Dynamics by 5.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,209 shares of the basic materials company’s stock worth $594,000 after purchasing an additional 285 shares in the last quarter. Institutional investors and hedge funds own 82.41% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. BMO Capital Markets raised their price objective on shares of Steel Dynamics from $130.00 to $135.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. StockNews.com cut shares of Steel Dynamics from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group reissued a “neutral” rating and set a $149.00 price objective (up previously from $145.00) on shares of Steel Dynamics in a report on Thursday, December 12th. The Goldman Sachs Group assumed coverage on shares of Steel Dynamics in a report on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $145.13.

Insider Activity at Steel Dynamics

In other Steel Dynamics news, SVP Miguel Alvarez sold 6,650 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the sale, the senior vice president now directly owns 116,949 shares in the company, valued at approximately $16,723,707. The trade was a 5.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Richard A. Poinsatte sold 2,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $138.75, for a total transaction of $277,500.00. Following the sale, the senior vice president now owns 21,101 shares in the company, valued at $2,927,763.75. The trade was a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.00% of the stock is currently owned by insiders.

Steel Dynamics Stock Performance

Shares of STLD opened at $129.42 on Thursday. The company has a current ratio of 2.53, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32. The firm has a market cap of $19.70 billion, a PE ratio of 13.21 and a beta of 1.35. The company’s 50 day simple moving average is $124.76 and its 200-day simple moving average is $126.26. Steel Dynamics, Inc. has a 12-month low of $104.60 and a 12-month high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings data on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.33). Steel Dynamics had a net margin of 8.76% and a return on equity of 17.32%. During the same quarter in the previous year, the business earned $2.61 earnings per share. As a group, equities analysts predict that Steel Dynamics, Inc. will post 8.9 EPS for the current year.

Steel Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Tuesday, December 31st were given a $0.46 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.84 dividend on an annualized basis and a yield of 1.42%. Steel Dynamics’s dividend payout ratio (DPR) is 18.78%.

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.