Steel Dynamics, Inc. (NASDAQ:STLD) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd cut its stake in Steel Dynamics, Inc. (NASDAQ:STLD) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,649 shares of the basic materials company’s stock after selling 16,431 shares during the period. Mediolanum International Funds Ltd’s holdings in Steel Dynamics were worth $7,680,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Steel Dynamics in the 3rd quarter valued at about $25,000. ORG Wealth Partners LLC acquired a new position in Steel Dynamics during the fourth quarter worth approximately $28,000. Private Trust Co. NA lifted its stake in Steel Dynamics by 532.6% in the third 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 acquired a new stake in shares of Steel Dynamics in the third quarter valued at approximately $61,000. Finally, Quest Partners LLC purchased a new position in shares of Steel Dynamics during the third quarter worth approximately $62,000. Institutional investors and hedge funds own 82.41% of the company’s stock.

Insider Activity

In other news, SVP Richard A. Poinsatte sold 2,000 shares of Steel Dynamics 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 completion of the transaction, the senior vice president now owns 21,101 shares of the company’s stock, valued at $2,927,763.75. The trade was a 8.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Miguel Alvarez sold 6,650 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Steel Dynamics Stock Down 1.9 %

Steel Dynamics stock opened at $128.20 on Friday. The stock’s 50 day moving average price is $125.73 and its 200 day moving average price is $126.33. The company has a market cap of $19.52 billion, a PE ratio of 13.08 and a beta of 1.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.53 and a quick ratio of 1.08. Steel Dynamics, Inc. has a 1-year low of $104.60 and a 1-year high of $155.56.

Steel Dynamics (NASDAQ:STLD) last posted its quarterly earnings results 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 return on equity of 17.32% and a net margin of 8.76%. During the same quarter last year, the firm earned $2.61 EPS. On average, sell-side analysts predict that Steel Dynamics, Inc. will post 8.9 EPS for the current fiscal year.

Steel Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Tuesday, December 31st were issued 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 1.44%. Steel Dynamics’s dividend payout ratio (DPR) is presently 18.78%.

Analyst Ratings Changes

STLD has been the subject of a number of recent research reports. StockNews.com cut shares of Steel Dynamics from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Steel Dynamics from $134.00 to $132.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. BNP Paribas upgraded Steel Dynamics from a “neutral” rating to an “outperform” rating in a research report on Friday, January 3rd. The Goldman Sachs Group initiated coverage on Steel Dynamics in a research note on Monday, December 2nd. They set a “neutral” rating and a $155.00 price objective for the company. Finally, Citigroup lowered their target price on Steel Dynamics from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.38.

Steel Dynamics Company 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.