423 Shares in Steel Dynamics, Inc. (NASDAQ:STLD) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC acquired a new stake in shares of Steel Dynamics, Inc. (NASDAQ:STLD) during the 4th quarter, HoldingsChannel reports. The firm acquired 423 shares of the basic materials company’s stock, valued at approximately $48,000.

Several other large investors have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Steel Dynamics in the third quarter valued at about $25,000. ORG Wealth Partners LLC bought a new stake in Steel Dynamics in the 4th quarter worth about $28,000. Private Trust Co. NA increased its stake in Steel Dynamics by 532.6% in the 3rd quarter. Private Trust Co. NA now owns 291 shares of the basic materials company’s stock valued at $37,000 after buying an additional 245 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of Steel Dynamics during the 3rd quarter worth approximately $61,000. Finally, Quest Partners LLC purchased a new position in shares of Steel Dynamics in the 3rd quarter worth approximately $62,000. 82.41% of the stock is currently owned by institutional investors.

Insider Activity at Steel Dynamics

In related news, SVP Richard A. Poinsatte sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $138.75, for a total transaction of $277,500.00. Following the completion of the transaction, the senior vice president now owns 21,101 shares of the company’s stock, valued at approximately $2,927,763.75. The trade was a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.00% of the stock is currently owned by corporate insiders.

Steel Dynamics Price Performance

STLD opened at $134.86 on Wednesday. The company has a market capitalization of $20.53 billion, a price-to-earnings ratio of 13.76 and a beta of 1.35. The company has a quick ratio of 1.08, a current ratio of 2.53 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $123.68 and a 200-day moving average price of $126.36. Steel Dynamics, Inc. has a twelve month low of $104.60 and a twelve month high of $155.56.

Steel Dynamics (NASDAQ:STLD) last issued its earnings results on Wednesday, January 22nd. The basic materials company reported $1.36 earnings per share (EPS) 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 prior year, the firm posted $2.61 EPS. Equities analysts expect that Steel Dynamics, Inc. will post 8.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on STLD shares. StockNews.com downgraded Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th. UBS Group reiterated a “neutral” rating and set a $149.00 target price (up from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price target on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. BNP Paribas raised shares of Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group upgraded shares of Steel Dynamics from a “hold” rating to a “buy” rating and boosted their target price for the company from $125.00 to $145.00 in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.22.

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.