BSW Wealth Partners Has $231,000 Stock Holdings in Steel Dynamics, Inc. (NASDAQ:STLD)

BSW Wealth Partners lowered its holdings in shares of Steel Dynamics, Inc. (NASDAQ:STLD) by 19.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,024 shares of the basic materials company’s stock after selling 489 shares during the period. BSW Wealth Partners’ holdings in Steel Dynamics were worth $231,000 as of its most recent filing with the SEC.

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

Steel Dynamics Price Performance

STLD stock opened at $129.17 on Thursday. The company has a quick ratio of 1.26, a current ratio of 2.39 and a debt-to-equity ratio of 0.31. The firm has a market cap of $19.66 billion, a price-to-earnings ratio of 13.18 and a beta of 1.36. The company’s fifty day simple moving average is $126.33 and its 200 day simple moving average is $126.33. Steel Dynamics, Inc. has a 12-month low of $104.60 and a 12-month high of $155.56.

Steel Dynamics (NASDAQ:STLD) last announced its quarterly earnings data 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 17.25%. During the same period last year, the company earned $2.61 earnings per share. On average, analysts expect that Steel Dynamics, Inc. will post 8.93 earnings per share for the current year.

Steel Dynamics Dividend Announcement

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

Insider Activity at Steel Dynamics

In other news, SVP Miguel Alvarez sold 6,650 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $143.00, for a total transaction of $950,950.00. Following the transaction, the senior vice president now owns 116,949 shares in the company, valued at approximately $16,723,707. This represents a 5.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Richard A. Poinsatte sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $138.75, for a total value of $277,500.00. Following the completion of the sale, the senior vice president now owns 21,101 shares of the company’s stock, valued at approximately $2,927,763.75. This represents 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 owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on STLD shares. BNP Paribas raised Steel Dynamics from a “neutral” rating to an “outperform” rating in a report on Friday, January 3rd. UBS Group reaffirmed a “neutral” rating and issued a $149.00 price objective (up previously from $145.00) on shares of Steel Dynamics in a research note on Thursday, December 12th. StockNews.com downgraded shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research report on Thursday, January 23rd. BMO Capital Markets upped their price target on shares of Steel Dynamics from $130.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, 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 target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.38.

About Steel Dynamics

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.